DeSmog

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

Sarah Jones ran a fundraising event with the help of a pro-hydrogen group backed by a major Tory donor.

Sarah Jones ran a fundraising event with the help of a pro-hydrogen group backed by a major Tory donor.
on

A new study finds levels of the carcinogen ethylene oxide that are nine times higher than those estimated by the EPA’s models.

A new study finds levels of the carcinogen ethylene oxide that are nine times higher than those estimated by the EPA’s models.
on

The oil sands lobby group deleted the contents of its site in anticipation of changes to the Competition Act.

The oil sands lobby group deleted the contents of its site in anticipation of changes to the Competition Act.
on

Graham Stringer is facing pressure over his senior role at the Global Warming Policy Foundation.

Graham Stringer is facing pressure over his senior role at the Global Warming Policy Foundation.