If you hear your Government leader mention anything about pushing your country into a Carbon Market then assume immediately that your leader is asking your country to participate in a FRAUD!
That has been a suggestion all along by legal authorities for years now as it is an imaginary trading market based on, really, NOTHING tangible!
In fact there are no sure ways that can even “measure” Carbon output, let alone attach a dollar figure to such “measurements”. Of course you won’t hear that in the propaganda and psycho-babble that accompanies the fraud rhetoric.
Like a Ponzi scheme it has nothing to do with improving anything on this planet except the pocket books of investors who want to “milk the public purse”, similar to the Green Energy Wind Turbine Fraud!
Will it stop now that it is exposed?……………………………don’t count on it…………“in for a penny……in for a pound” is the twisted road these political fraudsters have signed onto and there is no way to back out gracefully without the threat of a “no-neck Louie” visiting these “purveyors of fraud” in the dark of the night to make sure they don’t back out!
Shades of Sopranos?……………………
(August 19, 2013) Vulnerable because of its intangible nature, carbon credit trading has become a haven for a new and emerging type of crime says Interpol, the world’s largest international police organization.
By Patricia Adams and Lisa Peryman
For Probe International
According to a new law enforcement resource issued by Interpol to help authorities respond to an increase in carbon crime, the intangible nature of the global carbon trading market has placed it at risk to fraud and corruption. [See “The Interpol Guide to Carbon Trading Crime”].
What worries Interpol is the chimera of carbon trading, the world’s fastest growing commodities market, valued at US$176 billion in 2011.
Interpol quotes British journalist, Dan Welch, to make the point: “Offsets are an imaginary commodity created by deducting what you hope happens from what you guess would have happened.”
The problem, says Interpol, is that, “Unlike traditional commodities, which at some time during the course of their market exchange must be physically delivered to someone, carbon credits do not represent a physical commodity but instead have been described as a legal fiction that is poorly understood by many sellers, buyers and traders.”
Carbon markets were created under the Kyoto Protocol as a “cap-and-trade” system in which emitters of carbon must buy “carbon credits” from others with schemes to reduce greenhouse gas emissions. Though saving planet Earth has proved elusive, criminal elements have meanwhile had a heyday exploiting carbon exchanges.
The problem, says Interpol, lies in the fact that:
Carbon as an intangible asset leads to a separation between ownership of the investment project and the rights to trade the emissions that are offset. This makes tracing the origin of carbon credits more difficult than for other credits derived from physical commodities. When trading across international jurisdictions, monitoring capacity is often diluted, making the illegal recycling, double-counting and sale of non-existent or stolen carbon credits much more viable.