The problem with CO2 certificates is that they aren't backed by anything. We had no priceable scalable means of removing CO2 from the atmosphere so those prices are arbitrary.
If people were serious about using markets solve this problem the price of CO2 credits would reflect what it actually takes to remove that much CO2 from the atmosphere and they would be much more expensive. There would be companies forming just to get those credits and trying to undercut one another looking for more efficient ways to sequester CO2 permanently.
But we can't because it would drive up the price of gas and with it everything else in the economy. People would blame other countries for cheating and the Illumiati for taking their jobs. Then politicians would lose their seats and the work they did would be reversed.
If people were serious about using markets solve this problem the price of CO2 credits would reflect what it actually takes to remove that much CO2 from the atmosphere and they would be much more expensive. There would be companies forming just to get those credits and trying to undercut one another looking for more efficient ways to sequester CO2 permanently.
But we can't because it would drive up the price of gas and with it everything else in the economy. People would blame other countries for cheating and the Illumiati for taking their jobs. Then politicians would lose their seats and the work they did would be reversed.