02 June 2007

Corruption of environmental offsetting

Oh dear
The Clean Development Mechanism (CDM), which is supposed to offset greenhouse gases emitted in the developed world by selling carbon credits from elsewhere, has been contaminated by gross incompetence, rule-breaking and possible fraud by companies in the developing world, according to UN paperwork, an unpublished expert report and alarming feedback from projects on the ground.
Abuse and incompetence in fight against global warming | Climate change | Guardian Unlimited Environment

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