Carbon credits

Tesla Motors got their start using money from carbon credits. The law says that if your company produces carbon above a given limit you must pay a fine or purchase excess credits from another company. Tesla has a large excess of credits since they only produce electric cars. Ford can then purchase credits from Tesla to avoid paying penalties. Tesla has receive over $5 billion in credits over the past five years and expects over $2 billion more this year. There are $260 billion in credits currently on the market. The White House on Tuesday released its "Roadmap for Nature-Based Solutions to Fight Climate Change," which the White House says will "put America on a path that will unlock the full potential of nature-based solutions to address climate change, nature loss, and inequity." The Biden administration said it will direct billions of taxpayer dollars toward "nature-based" climate change solutions, which includes carbon credits.