Those schemes always seemed to me like a whole lot of lipstick and pretty packaging on something that could just be pitched with more honesty, and without creating a maze of extra corporate accounting costs and loopholes. Just raise a tax to pay for investment in green energy that will eventually compete on price and be self-sustaining, while also providing lots of environmental benefits and potentially increase industrial competition with China.

The only reason a politician would come up with a complex carbon scheme like that is if they knew a tax would be unpopular with the public. Which mostly translates to a lack of good communication or a disregard for the public's intelligence.