| Although there were some dubious carbon credits traded in the past, it is an over-generalisation to say they were all fraudulent, a carbon trader says. A report from the Morgan Foundation says carbon credits bought from other countries to offset rising New Zealand emissions since 1990 were often fictitious.
It argued that one type of credit (the Emission Reduction Unit) was overcome by fraud and corruption in Ukraine and Russia - these were labelled 'hot air' credits...............................................Full Article: Source
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