There's No Accounting for Carbon-Credit Scammers

onMar 31, 2010 @ 07:31 PDT

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.

By Ross Gelbspan

uk/Nigel Farage Goes on Pro-Fossil Fuel Rant at Fundraiser for Climate Denial Group

BySam Bright and Adam Barnett

onSep 14, 2024 @ 03:44 PDT

Tickets at the event in Chicago cost up to $50,000 for the chance to have dinner with the Reform UK leader.

us/Violations Discovered at Nation’s First Carbon Capture and Storage Project

BySharon Kelly

onSep 13, 2024 @ 12:29 PDT

Corrosion issues in a deep monitoring well were discovered in March, raising concerns that early issues could be a sign of major problems to come as CCS and monitoring wells age.