Patricia Adams of Probe International says worse things are happening to China’s air than increased CO2 emissions: “Nitrogen oxides and mercury are also emitted when hydrocarbons are burned and those emissions are truly troubling.”
The deaths of 23 Honduran farmers protesting the seizure of their lands by UN-approved palm oil plantations calls for Honduran carbon credits to be thrown out of the EU’s emission trading scheme, shows the dark side of carbon credit bonanza.
Kyoto has cost the world’s governments and companies at least $150-billion in research, subsidies, compliance costs and lost economic activity. Yet there is no proof it has saved even a tonne of carbon emissions.
The UN’s “Clean Development Mechanism” (CDM), which was essentially a fig leaf for wealth transfers from industrialized nations to poor developing nations, isn’t working according to plan.
(September 29, 2011) This opinion piece by Viv Forbes of Australia’s Carbon Sense Coalition gets to the heart of the carbon market dilemma and its intrinsic vulnerability to fraud: essentially, no one cares. The carbon credit buyer wants “the bit of paper which allows him to keep operating” and the seller “just wants the money,” and anyone who should be monitoring for scammers doesn’t want to look too closely: they want the money, too.
(August 4, 2011) In its quest to promote green energy and reduce the world’s carbon footprint, the United Nations has so distorted the economics of power production that it is set to subsidize over three dozen coal plants in India with some $5.3 billion in “carbon credits.”
(April 29, 2011) When Kim Jong-il wants a piece of the action, it’s time to stop.
(February 28, 2011) Environmental NGO claims that carbon credits could lead to massive land grabs for environmentally damaging projects such as biofuels and industrial tree planting, and creates perverse incentives that reward pollution.
(February 23, 2011) Patricia Adams appeared on BNN’s SqueezePlay yesterday to discuss theft and fraud in carbon markets. Click the link below to watch the full video.
(February 19, 2011) The handout queue is growing, but when does transitional assistance become needless corporate welfare?
(February 17, 2011) Multiple platforms for auctioning European Union carbon permits from 2013 could make the EU’s emissions market even more complex, drive up transaction costs and further dent security, analysts said.
(February 16, 2011) In a February 14th National Post article, author Dan Gardner argued that ‘command and control’ environmental regulations should be replaced with a cap and trade system. But as Probe International Executive Director Patricia Adams points out, cap and trade is just another varient of the ‘command and control’ approach that Mr. Gardner claims to oppose. Below is her response in today’s National Post.
(February 14, 2011) The article from the Daily Independent in Nigeria explains how governments can profit from the panic over climate change.
(February 10, 2011) Revenues could bring in billions for the government each year, which campaigners say should fund green projects.
Carbon Credit Watch: First credits for ‘forestry preservation’ cashed in; Philippines argues nuclear power should also qualify
(February 9, 2011) A Kenyan company has become the first recipient of Reduced Emissions from Deforestation and Degradation (REDD) credits. Meanwhile, the Government of the Philippines argues that carbon credits should be issued for nuclear power.