(March 6, 2009) Despite shrinking demand for biofuels globally, the government of Mozambique may soon grant millions of hectares of land to biofuel developers chasing UN-brokered carbon credits.
(January 27, 2009) In another striking expose of carbon credit lunacy, AP reporters Joe McDonald and Charles Hanley report that a German coal-fired utility is buying “carbon credits” from a Chinese hydro dam, displacing thousands of poor farmers in the process, driving up electricity costs in Germany, and yet doing nothing for the environment.
(January 8, 2009) A roundup up of stories, reports, and other coverage of fraud in carbon markets.
(January 8, 2009) BADALING, CHINA – A bitter wind knifes down the Great Wall of China and through a stand of smoketrees, Chinese pine, maidenhair and Shantung maple.
(January 16, 2008) The Carbon Connection, a new documentary by Fenceline Films with support from Carbon Trade Watch and the Transnational Institute is now available at the New Internationalist online shop.
Banks see green in carbon projects: Investing directly adds to potential for profits In emissions trading
(December 18, 2007) For financial firms such as Barclays PLC; Allianz SE’s Dresdner Kleinwort and its carbon expert, Ingo Ramming; and Morgan Stanley, the decision to get their hands dirty with carbon-reduction projects is adding a new dimension to the emerging carbon-trading business. By getting directly involved, the firms are no longer simply acting as middlemen executing trades but are sometimes flexing their own financing muscle as well.
(May 29, 2007) An aid-financed Norwegian hydro company, SN Power, will earn carbon credits from its hydro project in northern India, according to the Nordic aid monitor, Development Today. The 192-megawatt Allain Duhungan hydropower project in northern India received UN approval as a CDM project on May 17.
Instead of focussing on carbon credits, let’s concentrate on reducing harmful emissions at home.
(April 28, 2007) In a couple of hundred years, historians will be comparing the frenzies over our supposed human contribution to global warming to the tumults at the latter end of the tenth century as the Christian millennium approached. Then, as now, the doomsters identified human sinfulness as the propulsive factor in the planet’s rapid downward slide.
(April 26, 2007) To reduce greenhouse-gas emissions, Canada’s federal government plans to push Canadian corporations into buying carbon credits under the so-called “Clean Development Mechanism” (CDM), a system established under the Kyoto Protocol by which companies in rich countries buy “rights to pollute” from companies in poor countries. The poor-country companies, in exchange, promise to give up their own greenhouse-gas producing activities.
(January 8, 2007) China is turning its environmental problems into a shrewdly managed financial asset, capitalizing on corporate and governmental efforts to curb global warming. How much China’s actions will do for the atmosphere remains an open question.
(January 8, 2007) Chinese officials are quickly learning how to play the carbon credit game, writes the Wall Street Journal.