Corruption in Europe's carbon trading scheme led to increased emissions of 600 metric tons
A key carbon offsetting scheme was so open to abuse that three quarters of its allowances lacked environmental integrity, a new report says.Most of the corruption is centered in Russia and Ukraine. It is not particularly surprising since they were bribed to join the effort to begin with and many in those frozen countries see global warming as a benefit.
UN officials confirm the findings by the Stockholm Environment Institute that around 600m tonnes of carbon were wrongly emitted as a result, under the UNFCCC’s Joint Implementation (JI) scheme.
An estimated 80% of JI projects were of low environmental quality, according to the paper, parts of which were published on Monday in Nature Climate Change.
“Many of them didn’t observe the requirements of JI on ‘additionality’ as they would probably have happened anyway, and I would even doubt the physical existence of some of these projects,” said Vladyslav Zhezherin, one of the report’s authors. “I would say that many of them were fake.”