There's No Accounting for Carbon-Credit Scammers

authordefault
on

The UN’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 Germany’s TUEV SUED and also partially suspended Korea Energy Management Corporation, after spot checks undertaken at their offices revealed procedural breaches.  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 the scheme.

Related Posts

on

Before obtaining the required permits, Diversified Energy began installing cryptocurrency mining infrastructure on one of its thousands of well pads.

Before obtaining the required permits, Diversified Energy began installing cryptocurrency mining infrastructure on one of its thousands of well pads.
Opinion
on

"I want the fossil fuel industry to stop breaking the law and pay for their crimes against people and the planet."

"I want the fossil fuel industry to stop breaking the law and pay for their crimes against people and the planet."
on

Proposed legislation would further lower regulatory hurdles, despite environmental and public health risks.

Proposed legislation would further lower regulatory hurdles, despite environmental and public health risks.
on

Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research.

Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research.