It may not have been able to compete with fossil fuels but global warming has given nuclear power an edge: on more subsidies. The example of New Jersey shows how desperation on the global warming front is jeopardizing decision-making and ignoring the penalties and perils of “clean energy’s” new good guy.
Turns out New Zealanders have been buying carbon credits from the Ukraine. In the wake of the country’s Climate Cheats scandal, Andrew Dickens, for New Zealand’s Newstalk ZB, calls out the Emissions Trading Scheme as “rortable”.
Cap and trade will provide endless reasons for interest groups to lobby Queen’s Park for access to the many exemptions and potential political favours embedded in the legislation.
“Carbon Crooks,” the compelling 2013 documentary on fraud in carbon markets and the failure of carbon trading to address climate change, is now available to U.S. viewers.
As tensions rise over western Panama’s UN-approved Barro Blanco dam project, the highly contested dam looks set for completion … eventually. Carbon Market Watch reports.
(December 24, 2013) As Europe’s carbon market crumbles, China decides it’s time to set one up. On a side note, this has crazy corruption written all over it!
(August 19, 2013) Vulnerable because of its intangible nature, carbon credit trading has become a haven for a new and emerging type of crime says Interpol, the world’s largest international police organization.
(June 20, 2013) A new report says the global push to reduce greenhouse gases by building small dams, with the help of the Kyoto Protocol, is causing unanticipated and potentially significant losses to habitat and biodiversity.
(December 21, 2012) As carbon credit fraud continues to escalate, five employees at Germany’s biggest money lender have been accused of money laundering or obstruction of justice in relation to a carbon trading scheme. In related news, the UK’s Financial Services Authority is now asking anyone who has invested in carbon credits to fill in an online survey, in an effort to better illuminate the problem of fraud. Meanwhile, a new interactive map has been launched by the International Carbon Action Partnership (ICAP) and Ecofys to show the status of emissions trading schemes around the world.
(December 18, 2012) A police raid of a suspected carbon credit fraud ring in the U.K. uncovers how easy it is to dupe private investors with green scams.
(August 15, 2012) The UN’s carbon trading scheme to reduce global concentrations of greenhouse gases has provided a handful of factories in developing nations with a perverse incentive to massively increase them.
(June 19, 2012) Three men have been sentenced to lengthy prison sentences for running a carbon credit tax racket that cheated U.K. taxpayers out of 39 million pounds ($US60 million) in just 69 days.
(January 12, 2012) The first of many trials to come involving carbon trading tax-frauds lands one group in jail, with an order to pay the French state a total of 43 million euros.
(December 21, 2011) One of the European Union’s largest probes into carbon credit tax fraud places six traders from Britain, Germany and France behind bars.
(December 13, 2011) The Durban climate conference set out to save the planet, but in the end may only save China’s green energy industry and the EU’s carbon markets, both of which are in danger of freefall. The $100-billion a year Green Climate Fund, agreed to by the conference, will finance the global spread of Chinese technologies. And the EU’s unilateral decision to extend Kyoto will help prop up its faltering carbon markets. But beyond December 2012, when the current Kyoto Protocol ends, the EU will be on its own as Canada, Japan, and Russia have declared their intention to withdraw.