Shock News!!!! Massive Fraud In European Carbon Credit Scheme!!!!!

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I’m simply shocked!!!!  Shocked, I tell you!!!! 

UN climate change body suffers mammoth European carbon fraud

The United Nations body that oversees greenhouse gas reductions is reeling from another cap-and-trade scandal that may have put 600 million tons of carbon emissions into the atmosphere — roughly speaking, the annual CO2 output of Canada or Britain — while the emissions were ostensibly suppressed, according to an independent study.

In the process, the fraudsters, largely in Russia and Ukraine, were likely able to transfer credits for more than 400 million tons of their apparently bogus greenhouse savings by April 2015 into Europe’s commercial carbon trading system — the largest in the world –thereby undermining that continent’s ambitious carbon reduction achievements.

Perhaps significantly, the vast bulk of the assumed fraud took place in countries that are — or were, in the case of Ukraine — notorious for their kleptocratic leadership under the regimes of Vladimir Putin and ousted Ukraine President Viktor Yanukovych, who fled his country in 2014. In Russia, much of the contract work for carbon project approval was carried out by state-owned Sberbank, which has been sanctioned by the U.S. and the European Union as part of the Western response to the Ukraine crisis.

The bulk of the fraud occurred under the battered Kyoto Protocol for greenhouse gas emissions, but researchers who detailed the scandal warned that without tough international policing and clear definitions of what every country involved in the climate deal aims to achieve, something similar could happen in the global climate change deal that world leaders are expected to endorse in Paris in December and that is intended to start up in 2020. ……

You can read more at the link. 

Well, this was, as anyone who bothered to look at the idiotic scheme can avow, entirely predictable.  This is one of the many motivators for developing nations to sign on to playing with the dolts in the UN and the governmental enviro lunatics. 

It’s unclear, to me, which type of carbon credits these are.  From a Reuters article a few months ago ….

The U.N.-backed offsets currently trade at around 0.50 euros a tonne, while benchmark EUAs cost about 15 times more at 7.50 euros. ….

It doesn’t matter.  Regardless of the price of the fraudulently gained credits, it amounts to a wealth transfer from the West to developing nations who have no intentions of ever complying with the rules they nominally agreed to. 

Further, the issue of fraud in regards to obtaining carbon credits isn’t anywhere close to being confined to Russia or the Ukraine.  I would estimate that China and India engage in such a fraud on a much more larger scale than Russia.  And, I don’t blame them.  I would, too!  It’s simply not in the interests of these nations to play the idiotic games the UNFCCC, IPCC, and the rest of the lunatic bodies want to play.  OTOH, if they give them free money to say they will play the game, even though they have no intention of actually playing the game ……. well, that’s on the idiots who thought this was a good idea. 

It’s simply more proof the climate lunatics have absolutely no clue as to anything, much less, economics. 

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9 Responses to Shock News!!!! Massive Fraud In European Carbon Credit Scheme!!!!!

  1. DirkH says:

    This could be a story freely invented by the PsyOps divisions.

    “Perhaps significantly, the vast bulk of the assumed fraud took place in countries that are — or were, in the case of Ukraine — notorious for their kleptocratic leadership under the regimes of Vladimir Putin and ousted Ukraine President Viktor Yanukovych, who fled his country in 2014.”

    Notice how they accuse everything that USA/NATO doesn’t control of being cleptocratic. Well we know where the Libyan and the Ukrainian Gold is now – not in Russia that’s for sure. Neither in Libya or Ukraine.
    The Oligarchs under Yeltzin who sold everything Russian to the West were never called cleptocrats by the Western PsyOps media OTOH….

  2. DirkH says:

    American soldiers are nice fellas but also stupid hicks, says Uncle Warren (not Fauxcahontas).
    http://www.zerohedge.com/news/2015-09-08/some-people-just-dont-fit-economy-buffett-explains-we-send-them-afghanistan

    • suyts says:

      I never did like that SOB. One day, I’d like the military to declare some places they’d like to protect, and other places, such as Warren Buffet’s properties, that they’d hesitate to protect. Then, we’d see what price those people would command.

  3. Latitude says:

    it’s all a scam….

    Green Energy Execs Praised by Clinton Foundation Indicted for $54M Ponzi Scheme

    http://linkis.com/www.aim.org/on-targe/87nge

  4. omanuel says:

    The entire world government is now fraudulent, as revealed by spirituality & science, separate paths to the same reality. Precise experimental data and observations

    1. Assure us the pulsar-centered Sun controls the solar system, and
    http://tinyurl.com/pycofx4

    2. Fear is a tool of tyrants pretending to control Earth and its climate
    http://tinyurl.com/na7exfc

    • omanuel says:

      The above are tiny url links are to articles published by ResearchGate because . . .

      the AGW-driven destruction of science and society cannot be stopped without an open, permanent forum, like ResearchGate,” where supporters and critics of research findings, and editors of mainstream research journals, the news media, leaders of federal research agencies and the scientific community can DOWNLOAD, READ & RESPOND in public, affirming or denying precise experimental data and observations that indicate:

      The pulsar-centered Sun made our chemical elements, birthed the solar system five billion years (5Ga) ago, sustains every atom, life and planet in the system today and cannot be ignored in any realistic studies of, or policies to mitigate, climate change: http://tinyurl.com/nw2qg86 or

      https://www.researchgate.net/publication/280133563_Solar_Energy

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