Supposedly, the goal is that as you reduce emissions, your need to purchase credits goes down.
Not sure how you reduce those emissions...in NZ, sheep are a major contributor, I think I read somewhere.
But you are right...all this is is a wealth transfer system designed to slow economies and growth by siphoning off wealth.
I would liken it to slitting your own throat and smiling while you do it.
Yo, boy. I got some fine land near the Everglades to sell you. Some people think the property is a little low but the price is right. Whaddya think?
Seriously, there was quite a row in Enzed last year concerning Helen's decision to try to tax sheep farts all based on the same pseudoscience and the desire of socialists to redistribute wealth.