EU Carbon Credit Scam Nothing More Than A Shell Game

Started by Solar, August 28, 2015, 07:54:51 PM

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Solar

Yeah, I know, preaching to the choir, but it's still nice to see it exposed. :cool:

As a result of political horse trading at UN negotiations on climate change, countries like Russia and the Ukraine were allowed to create carbon credits from activities like curbing coal waste fires, or restricting gas emissions from petroleum production.

Under the UN scheme, called Joint Implementation, they then were able to sell those credits to the European Union's carbon market. Companies bought the offsets rather than making their own more expensive, emissions cuts.

But this study, from the Stockholm Environment Institute, says the vast majority of Russian and Ukrainian credits were in fact, "hot air" – no actual emissions were reduced.
http://hotair.com/archives/2015/08/25/surpise-eu-carbon-credit-scheme-was-used-to-generate-cash-with-no-carbon-reductions/
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darroll

I bought a few dead horses in my life, but not this one.

Solar

Quote from: darroll on August 30, 2015, 11:45:56 AM
I bought a few dead horses in my life, but not this one.
I swear, historians will look back on this era as the greatest scam in world history.
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