Economic fundamentals. The only risk is a black market which would be difficult because the price per volume won’t be high enough to go undetected.
All the protests are for show. The west could have ended carbon emissions since we know the danger in the early 19th century
1972.https://en.wikipedia.org/wiki/History_of_climate_change_science
Carbon taxes are all a bunch of bullshit. The very fact that you can buy or sell credits at a profit and use those to offset your taxes should indicate why they exist in the first place.
It’s similar to the push for consumer recycling 40 years ago, taxing the end user of a product while allowing the manufacturer to continue to pollute.
You are confusing carbon taxes with carbon credits.
Offsetting is bullshit, insetting, where you actually mitigate your emissions, is not.
There are issues, of course. The amount of carbon allowed to be emitted per dollar should be reduced over time, making it gradually more expensive to force lower emissions over time.
However, ambitious infrastructure projects like what’s going on in Africa atm wouldn’t be possible without them selling carbon credits.
