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

The Reform UK leaderโ€™s planned trip to Washington D.C. has prompted fresh consternation from campaigners.

The Reform UK leaderโ€™s planned trip to Washington D.C. has prompted fresh consternation from campaigners.
Series: MAGA
Opinion
on

Policymakers, civil society, investors, business, and the media all must answer key questions fast โ€” before the regulatory rollback turns into a rout.

Policymakers, civil society, investors, business, and the media all must answer key questions fast โ€” before the regulatory rollback turns into a rout.
on

The Alberta gas giant Capital Power lobbied the government 37 times in the lead-up to an accord suspending clean energy regulations, federal records show.

The Alberta gas giant Capital Power lobbied the government 37 times in the lead-up to an accord suspending clean energy regulations, federal records show.
on

Justice Samuel Alito did not recuse himself from considering the petition, despite significant financial conflicts of interest in implicated cases.

Justice Samuel Alito did not recuse himself from considering the petition, despite significant financial conflicts of interest in implicated cases.