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

One of Farageโ€™s top advisors rubbed shoulders with a far-right Estonian politician who has said โ€œif youโ€™re black, go backโ€.

One of Farageโ€™s top advisors rubbed shoulders with a far-right Estonian politician who has said โ€œif youโ€™re black, go backโ€.
Series: MAGA
on

Ofgem has rejected calls for household energy debts to be paid off using excess profits.

Ofgem has rejected calls for household energy debts to be paid off using excess profits.
on

Former fracking magnate Gwyn Morgan has funnelled millions to right-wing media and think tanks, a DeSmog analysis reveals.

Former fracking magnate Gwyn Morgan has funnelled millions to right-wing media and think tanks, a DeSmog analysis reveals.
on

Dan McTeague cultivates a media image as a consumer advocate while running a group urging people to fight against climate policies.

Dan McTeague cultivates a media image as a consumer advocate while running a group urging people to fight against climate policies.