There's No Accounting for Carbon-Credit Scammers

authordefault
on

The UNโ€™s carbon offsetting scheme has become mired in yet more controversy after the panel overseeing the initiative suspended its third auditor in 15 months. The board of the Clean Development Mechanism (CDM) last week suspended Germanyโ€™s TUEV SUED and also partially suspended Korea Energy Management Corporation, after spot checks undertaken at their offices revealed procedural breaches.ย  Both firms are recognised by the UN as so-called designated operational entities (DOEs) and provide official verification of emission reduction claims made by projects operating within the CDM. Emission reduction projects have to gain approval from DOEs before they can sell carbon credits under the scheme, making their auditing and verification role essential to the credibility of theย scheme.

Related Posts

on

A member of staff at the firm advocated for AI deregulation at the Reform-linked conference.

A member of staff at the firm advocated for AI deregulation at the Reform-linked conference.
Analysis
on

Albertans pay the highest electricity rates in the country and new gas plants for AI data centres could drive costs up further.

Albertans pay the highest electricity rates in the country and new gas plants for AI data centres could drive costs up further.
on

A new report reveals oil and gas companies knew as early as the mid-1970s that methane fueled climate change while launching massive PR campaigns to promote natural gas as clean energy.

A new report reveals oil and gas companies knew as early as the mid-1970s that methane fueled climate change while launching massive PR campaigns to promote natural gas as clean energy.
Opinion
on

The industry has abandoned its climate pledges in favor of fossil fuel-powered AI data centers.

The industry has abandoned its climate pledges in favor of fossil fuel-powered AI data centers.