(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.
UN subsidizes CO2
(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.”
UN carbon offsets used to pay polluters, steal land: The Gaia Foundation
(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.
Probe International executive director Patricia Adams discusses carbon fraud on BNN
(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.
Battle lines drawn over carbon price
(February 19, 2011) The handout queue is growing, but when does transitional assistance become needless corporate welfare?
Snap Analysis: Many CO2 auction platforms could harm market
(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.
Lagos eyes financial boom from climate doom
(February 14, 2011) The article from the Daily Independent in Nigeria explains how governments can profit from the panic over climate change.
UK nets €1bn in carbon permit auctions
(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.
Carbon Auction Yields $16.9 Million for New York
(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.
Carbon emissions trading system ‘seriously flawed’
(July 20, 2009) The system of trading carbon emissions at the heart of the ambitious low-carbon plan announced by the government last week is seriously flawed and close to becoming irrelevant, according to researchers behind a new analysis.
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