19.07.2016 - Multi-billion EU carbon market fraud operated from Poland
The founder of Poland’s biggest carbon quota brokerage firm, whose name appeared in connection with the Panama Papers, has been found guilty of VAT fraud and sentenced to jail in France. Warsaw denies wrongdoing, calling the multi-billion fraud an “unfortunate incident”. A major emitter of carbon dioxide due to its heavy reliance on coal, Poland is a continuous cause of headaches for EU climate policy-makers. Warsaw has demanded significant financial compensation in exchange for supporting an ambitious EU-wide objective to cut CO2 emissions by 40% by 2030...............................................Full Article: Source
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