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NZ government embroiled in carbon credit scandal

Posted on 20 April 2016

The New Zealand government may have participated in major climate fraud through the use of dodgy “hot air” carbon credits issued by the Ukraine and Russia, according to a new report from the Morgan Foundation. The Emissions Reduction Units from the two countries did not represent true emissions reductions, Morgan Foundation economist Geoff Simmons said.
His report, Climate Cheats, also said that proportional to national emissions, NZ had been the largest purchaser of the credits worldwide through its Emissions Trading Scheme to the tune of $200 million………………………………………..Full Article: Source


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