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  • Carbon Credit Industry

    The Financial Times reports on fraud within the Carbon Credit industry.

    http://www.ft.com/cms/s/48e334ce-f35...b5df10621.html

    Lucky Shot

  • #2
    Re: Carbon Credit Industry

    Ah ha! Just as I had suspected. Thanks for sharing this. It's like Al Gore's company, where he essentially pays himself for his carbon credits.
    "Common sense is not so common." -Voltaire

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    • #3
      Re: Carbon Credit Industry

      I'm not going to read the article, but I thought about starting up a carbon credit business. I wouldn't even commit outright fraud. I'd plant a tree for every $10,000 I receive.
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      • #4
        Re: Carbon Credit Industry

        Originally posted by CingularDuality View Post
        I'm not going to read the article, but I thought about starting up a carbon credit business. I wouldn't even commit outright fraud. I'd plant a tree for every $10,000 I receive.
        That's Gangsta

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        • #5
          Re: Carbon Credit Industry

          Yes, that whole carbon credit foolishness will just be another form of greenwash -- companies like Shell using PR tactics to postion themselves as enviro saviours.

          I can't believe how much the Earth as lost in my mere forty four years on this planet. Another forty and we may have finished the job of turning it into a radioactive toilet.

          Damn shame.
          sigpic

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          • #6
            Re: Carbon Credit Industry

            Yes, ever since the inception of carbon trading I've always felt that the only ones that would benefit are the lawyers who will find and exploit the loopholes. Some of them may even feel good about it since they are now part of the "green" economy. It's hard to see any direct environmental benefit from this.
            Last edited by Brewski; 04-26-2007, 10:47 AM. Reason: grammar

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            • #7
              Re: Carbon Credit Industry

              Originally posted by E-Male View Post
              Yes, that whole carbon credit foolishness will just be another form of greenwash -- companies like Shell using PR tactics to postion themselves as enviro saviours.
              Cool! Looks like we might actually agree on something for once! Right on, E-Male!
              "Common sense is not so common." -Voltaire

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              • #8
                Re: Carbon Credit Industry

                Can anybody name any program that is devoid of fraud?

                I don't think the issue is if there is fraud but if the program actually accomplishes what it sets out to do.

                I would say that if it lowered carbon emissions by 50% but 75% of the transactions where fraudulent then it would be a good program.

                Of course I don't think it has done either of those so I don't know if it is an effective program.

                Anybody else know? Has it done anything to curb carbon emissions? Is it's effectiveness in the article?
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                • #9
                  Re: Carbon Credit Industry

                  Originally posted by El_Gringo_Grande View Post
                  Anybody else know? Has it done anything to curb carbon emissions? Is it's effectiveness in the article?
                  Originally posted by The Article
                  The FT investigation found:

                  ■ Widespread instances of people and organisations buying worthless credits that do not yield any reductions in carbon emissions.
                  Nope. Hasn't seemed to help much.
                  "Common sense is not so common." -Voltaire

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