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Reliance on Cap-and-Trade calculations of real GHG emissions
reductions can be problematic when proper precision is practically
impossible and when accuracy of policy may be subverted by
political or profitable motives. Gaming the system is best
prevented via deep cultural change.

This article tells the story of one cap-and-trade transaction that
seems kind of squishy.
https://www.earthisland.org/journal/index.php/magazine/entry/carbon-conundrum

Addressing climate chaos in ways that benefit the have-nots as much
as the haves, and more to the point deprive them no more, will
probably look very different than business as usual. It must be a
thrifty way.

I have heard that one needs to measure the right things, even more
than to measure things right.

Identifying which things are the right things to measure requires
qualitative judgment first and foremost. Explaining to the public
the real-world goals and reasons of such qualitative judgments can
induce the kind of cultural change we need so as to sideline
opportunistic gaming of systems.