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EU plans to clamp down on carbon trading scam

Posted on 27 October 2010

From Guardian: The European commission is planning to clamp down on a £1.6bn carbon trading scam. The use of carbon permits from industrial gas projects in China could be banned because of their “total lack of environmental integrity”, the climate change commissioner, Connie Hedegaard, said.
Billions of euros’ worth of the controversial permits were used between 2008-09 in the European Union’s emission trading scheme (ETS), in which companies must exchange pollution permits for any emissions produced. The ETS allows some of those permits to be bought in from developing countries……………………………………….Full Article: Source


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