Mafia Ties to Wind Fraud in Italy Investigated

Mafia Ties to Wind Fraud in Italy InvestigatedItalian finance police have arrested two prominent businessmen — including one with ties to a former investor in the Cape Wind project in Nantucket — in the wind energy sector on charges of fraud. Arrested were Oreste Vigorito, head of the IVPC energy company and president of Italy’s National Association of Wind Energy, and Vito [...]

Study Finds More Value in Peat CO2 Credits

Study Finds More Value in Peat CO2 CreditsCarbon-rich peatlands may trap more greenhouse gases than first thought, driving up their potential value on the carbon market, according to a new study, reports Reuters.
Huge amounts of greenhouse gases are released when peatlands are logged or drained for agriculture, and even more when the dried bogs catch fire and release toxic haze into the [...]

Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash

Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic CrashPlans to expand carbon markets at UN climate talks this December could trigger a second ’sub-prime’ style financial collapse and fail to protect the world from a global warming catastrophe, according to a report from Friends of the Earth.
The trade in carbon permits and credits, primarily based in Europe, was worth $126 billion in 2008 [...]

Carbon Credits Introduction

By Anne Clarke -
Carbon credits are an element used to aid in regulation of the amount of gases that are being released into the air. This is part of a larger international plan which has been created in an effort to reduce global warming and its effects.
The plan works by capping the amount of total [...]

Global Climate Talks Set Carbon Offsets in Motion, Market May Quadruple by 2015

Global Climate Talks Set Carbon Offsets in Motion, Market May Quadruple by 2015The success of the emerging global carbon market rests on the outcome of the Copenhagen Climate Conference in December, according to a report from market researcher Frost & Sullivan. In the meantime, European Union leaders have agreed on a climate deal to present at the global climate talks. But analysts say the biggest polluters, such [...]

Cap-and-Trade System Might Cost Less Than Critics Say

Cap-and-Trade System Might Cost Less Than Critics SayThe financial impact of regulating coal-fired power plants that produce carbon dioxide emissions under a cap-and-trade system is much less than previously projected, and a carbon capture and storage (CCS) option could keep the price of carbon credits low, according to new research. Opponents of the U.S. climate bill’s proposed cap-and-trade system claim it will [...]

Carbon Footprint Versus Fair Trade

By Graeme Wiser
For those of you unfamiliar with the term “carbon footprint” and its implications or are unsure what is meant by “fair-trade” here is a brief explanation.
Carbon footprint is defined by the UK carbon trust as being: ” ..the total set of GHG (greenhouse gas) emissions caused directly or indirectly by an individual organization, [...]

Greenpeace Calls Noel Kempff Climate Action Project a Carbon Scam

Greenpeace Calls Noel Kempff Climate Action Project a Carbon ScamGreenpeace released a new report that calls into question the Noel Kempff Climate Action Project (NKCAP) aimed at saving Bolivia’s rainforests, stating the project did not deliver promised emissions reductions. However, other environmental groups like the Nature Conservancy and Union of Concerned Scientists dispute the report.
The area in dispute is northeast Bolivia’s Noel Kempff Mercado [...]

Voluntary Carbon Market Found Lacking

Voluntary Carbon Market Found LackingIndustry players in the voluntary carbon market are unhappy with the lack of meaningful emission cuts, yet voluntary emissions cuts continue to gain steam. For instance, BP is spending $2.5 million to offset its carbon emissions in Australia.
Meanwhile, Brazil may set emission caps at 2005 levels.
The voluntary carbon offset market is not meeting meaningful emission [...]

EU’s Reverse VAT on Carbon Offsets Intended to Reduce Fraud

EU’s Reverse VAT on Carbon Offsets Intended to Reduce FraudTo cut down on fraud in the carbon trading market, the European Union is proposing a reverse payment scheme for value added taxes (VAT) on carbon trading, reports Carbon Offsets Daily.
The EU directive would have a company send paperwork to the Treasury paying the VAT and at the same time requesting a refund. Effectively, the [...]

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