Corruption in Europe's carbon trading scheme led to increased emissions of 600 metric tons

Guardian:
A key carbon offsetting scheme was so open to abuse that three quarters of its allowances lacked environmental integrity, a new report says.

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.”
...
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.

Comments

Popular posts from this blog

US, Britain and Israel help Iranian nuclear scientist escape

Iran loses another of its allies in Iraq

Texas Congressman Al Green admits to affair with drug using staffer