Carbon tax discourages emitting carbon into into the atmosphere. Carbon credit encourages sucking carbon out of the atmosphere. Both are needed.
One advantage to carbon credits is that anybody can pay them, whereas only the government can enforce a carbon tax. And when it comes to the Amazon, this means the Brazilian government...whose leader is a climate denier that wants to bulldoze the Amazon for agriculture.
Carbon tax discourages emitting carbon into into the atmosphere. Carbon credit encourages sucking carbon out of the atmosphere. Both are needed.
One advantage to carbon credits is that anybody can pay them, whereas only the government can enforce a carbon tax. And when it comes to the Amazon, this means the Brazilian government...whose leader is a climate denier that wants to bulldoze the Amazon for agriculture.