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

Briefing notes obtained by DeSmog reveal the Carney government had major knowledge gaps about CCS even as it made the technology central to its climate plan.

Briefing notes obtained by DeSmog reveal the Carney government had major knowledge gaps about CCS even as it made the technology central to its climate plan.
Analysis
on

Leaders of the Alberta separatist movement are insisting they do not want to become the U.S.โ€™s 51st state, but their actions (and own words) say otherwise.

Leaders of the Alberta separatist movement are insisting they do not want to become the U.S.โ€™s 51st state, but their actions (and own words) say otherwise.
on

Opponents of climate action are taking advantage of the AI boom to attack the governmentโ€™s clean energy goals.

Opponents of climate action are taking advantage of the AI boom to attack the governmentโ€™s clean energy goals.
on

A new report has found that โ€œthe promises of planet-saving tech remain hollowโ€.

A new report has found that โ€œthe promises of planet-saving tech remain hollowโ€.