(February 8, 2011) Chuck Spinney at the Atlantic has written an interesting article comparing carbon credits to the complex mortgage dervativs that led to the financial meltdown.
Carbon Credit Watch: Austria refuses to publish serial numbers of stolen credits, vow they will not re-enter the market
(February 8, 2011) Austrian officials claim to have tracked down many stolen carbon credits, but have refused to disclose their serial numbers. They claim that they will not re-enter the system. Not everyone is satisfied with this assurance.
(February 7, 2011) Carbon trading has resumed in five EU Countries, though volumes have remained dismal due to concerns over the integrity of carbon markets.
(February 4, 2011) Carbon credit traders are pushing for a fraud compensation system in the wake of large scale carbon credit theft. Read about this and other stories in our carbon market media roundup.
Carbon Credit Watch: Carbon market freeze continues as European Commission attempts to stamp out fraud
(February 3, 2011) Ongoing concerns about fraud and corruption in carbon trading has lead the European Commission to indefinitely extend the freeze on trading in carbon allowances. Read about this and other stories in our carbon market media roundup.
(January 26, 2011) As the criticisms of carbon markets continue to mount, some researchers are beginning to look for alternatives to the controversial market. Read that and other stories in our carbon market roundup.
(January 21, 2011) Cases of fraud and corruption have plagued carbon markets since their inception more than five years ago. As recent media reports suggest, officials in charge of regulating these markets have failed to keep them clean.
(January 14, 2011) Fund will buy offsets from projects in developing nations after first phase of Kyoto expires in 2012.
(January 13, 2011) The World Bank has announced new funding for carbon credits to be generated after 2012. A second tranche of the bank’s Umbrella Carbon Facility “is now operational with initial funding of €68 million ($89 million),” the World Bank said in a statement on Wednesday.
(January 12, 2011) Green investments in wind, waste management, lighting and transport projects across the developing world are set to benefit from new funding for carbon credits generated post-2012.
Tale of two subsidies: Chinese government earns millions in carbon credit subsidies, while US trade officials cry foul
(December 17, 2010) The Chinese government is earning millions of dollars in tax revenue from the sale of carbon credits, while trade officials in the U.S. accuse it of unfairly subsidizing its clean energy industry.
(December 17, 2010) The U.N. backtracks on its promise to suspend approval of carbon credits for contentious projects, writes Brady Yauch.
(December 9, 2010) Critics say China is using the U.N.’s carbon credit scheme to hold developed countries to “climate ransom.”
(December 3, 2010) New York made $16.9 million in the latest auction of carbon dioxide credits, held this week under the cap-and-trade system known as Regional Greenhouse Gas Initiative. But it remains to be seen whether the money will go to the energy efficiency programs it is intended for.
(October 20, 2010) Ukraine is the latest country to face allegations of fraud connected with carbon credits, writes Brady Yauch.