Corruption and crime already taking place in the carbon market
Opinion piece by Julie Bishop, Deputy Leader of the Opposition (Australia) 20th July 2011
Carbon offsets have already run out of credit
“…..It is alarming that the Prime Minister has given no indication that she is aware or has any understanding of the recent history of the operations of international carbon credit markets.
Just six weeks ago, the World Bank reported that the international market in carbon credits has suffered a debilitating collapse and expressed doubt about the ongoing viability of global markets.
According to the World Bank, trading in credits commenced after the Kyoto Protocol was adopted in 2005, and about $25 billion was generated over the years to 2009……….
He detailed the first arrival in 2009 of “carbon cowboys” offering villagers “sky money” for the right to use their land in international carbon trading schemes.
This led to alleged corruption of local officials who also stood to gain from these get-rich quick schemes.
Prime Minister Gillard is proposing in her carbon tax policy that an estimated $57 billion of Australian taxpayer funds will be sent offshore to buy “carbon offsets” to enable this country to reach Labor’s new target of an 80 per cent reduction in emissions by 2050.
Deloittes Australia has warned that carbon credit fraud is “the white collar crime of the future”……
h/t to reader Jessie
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It’s not a bug, it’s a feature.
The intent is to move money around in ways that make it difficult or impossible to prove corruption. Once the money has been set in motion, some of it can be collected by the politicians and their friends.
kadaka (KD Knoebel) says: July 24, 2011 at 1:13 am
Good point. More homework needed.
US signed (?1997) but did not ratify. Did not get to approval of Congress for ratification.
US ratified the Earth Summit (Rio 1992) and were listed under Annex 1 and 11 countries.
Confessions Time… she (Julia) intends spending your hard earned tax dollars, maybe even your invested superannuation money…. or where ever she can get her money from, on Carbon Credits from some – as yet to be named – international carbon broker. Well you have to go thru a carbon broker and, by doing that lots of people can make lots of money right?
This entire thing seems very wrong to me. But trying to understand her mind, I went looking for information. If Julia is not doing everything she can to bankrupt this nation, if she is not totally loopy and on heavy medication (now there’s a thought) then she must really believe in what she is doing – or she is being pushed into it from another source that holds power/sway over her decisions.
http://justmeint.wordpress.com/2011/07/24/dem-darn-carbon-credits/
Old woman of the north says:
July 24, 2011 at 1:41 am
Gary Mount, you are giving instructions to scammers, and at the end, you still assume that carbon dioxide is a pollutant and needs regulating.
…
It has been a year or so since I last read that document, and I am not even sure if it’s the same as the original one I read, so was unaware of the additional “Carbon Dioxide Is Pollution” statement.
I know with absolute certainty that the extra amount of CO2 in the atmosphere is not causing climate change in any way, shape or form, and that in fact we should be trying to get the level up closer to 1,000 ppm.
I know with absolute certainty that Global Warming / Climate Change is a scam, it is a fraud, and saying it is a hoax is far too kind of a term to use for what is being perpetrated by our governments and their proxy organizations.
As for providing instructions for/to scammers, actually my intent was for the layperson to catch a glimpse of how easy it can be to scam the system, hoping to spark some outrage, which is actually the original intent by those who created and published the original document.
Gillard’s entirely hopeless. The whole Australian carbon tax scheme is a bribe to keep her coalition partners, the Greens, on side. There is absolutely no plan to change the way base-load electricity is generated. Wind and solar photovoltaic will be heavily subsidised, but only by requiring power companies to buy excess power and exorbitant prices, which they are expected to pass on to consumers, who will supposedly be compensated in full from the proceeds of the carbon tax. Consideration of nuclear and hydroelectric options is banned. No money will be spent on carbon sequestration. Petrol for private cars will NOT be taxed, but fuel for public transport WILL be taxed. It’s a total mystery how CO2 emissions might be expected to decrease, unless the objective the carbon tax is to confuse businesses and consumers to the point where the economy into recession and thereby reduces both production and consumption by 5% before 2020. The goal is to reduce emissions by 80% come 2050. It’d a dead cert Gillard won’t survive past 2013, when the next election’s settled. I’d say odds are better than even she won’t make it that far.
Corruption in the carbon trading market.
A double SCAMMY.
Of course this is no surprise ……
In the EU – The Europol organisation found that billions of Euros of Carbon Trades were fraudulent, and tax had not been paid on transactions either. What a boondoggle !
https://www.europol.europa.eu/content/publication/organised-crime-energy-supply-scenarios-2020-753
https://www.europol.europa.eu/content/press/further-investigations-vat-fraud-linked-carbon-emissions-trading-system-641
The opportunities for fraud in selling certificates, which confer a right to emit an invisible gas, must surely be irresistable to the con-artist and swindler. The average grifter knows a good scam when he sees one, and wantes a “piece of the action”. Who can blame them?
Several hundred million Euros went missing in Denmark if I recall correctly, the money was simply handed out to people who had filled in the requisite formage stating they were doing something carbon-righteous.
Trading carbon offsets off-shore over the long term is unsustainable anyway. Why would a country start such a practice? And if we are saving the world from CO2 we need to cap carbon emissions.
Interestingly $57 billion is about the same amount Australia earns from exporting coal, mainly to China. Why not just stop…[unthinkable]…instead of buying offsets.
Don’t forget that the EU is based on fraud and corruption. The EU accounts have not been passed clean by their auditors since the early 1990’s.
From the common agricultural policy (another CAP scheme) creating distorted markets for all sorts of crops (wine lakes, butter mountains, sugar and olive oil etc.) through to the latest carbon (dioxide) scams, make no mistake the socialist evil that is the EU.
Don’t get me started on the representatives expenses and allowances.
The EU stands full square for fraud and corruption.
Who are the “News Staff?” That’s a new one on me. I didn’t know Anthony had staff.
Maybe I’ll have my people get with Anthoy’s people and we can do lunch ;o)
The “Ten Ways to Game the Carbon Market” probably left out twenty other ways to game the carbon market. It will only be a matter of time before it comes down to individuals gaming the market for lunch money to go out to Taco Bell.
Bringing corruption to the Carbon Trading Market is coals to Newcastle. Every participant within reach of US law should be prosecuted under RICO.
‘Fools and their money are soon parted’
Except that it is OUR money the governments are giving away!
One sort of amusing story involves China – they were producing a legal CFC but the byproduct was an extremely ‘bad’ CFC. The EU gave 1,000 times more money to destroy this bad CFC than it cost. The Chinese, not being fools, started producing this bad CFC in quantity. The last I heard the EU had paid out 4 billion Euros!
Let’s not forget all the billions in profits being made on wind farms and solar farms.
It is surprising how much ‘profiteering’ is being allowed in the ‘war’ against climate change. Of course the main beneficiaries are rich people – the people who matter. Not the kind of people who do things on a ‘cost only’ basis for the public good!
Although green organisations seem to have incredible influence, certainly in the EU, if you ‘follow the money’ then the question is how much green organisations are being controlled by those who really profit from their pseudo-science?
Considering that CO2 warming is a trailing and not a leading indicator, shows that it has not a causal role in planet warming. Human caused Global Warming based on CO2 is totally discredited. Carbon Credit selling/buying is the greatest snake oil type scam in human history, For that and that alone, Al Gore may go down as the greatest charlatan of all time.
We see how evolution of humanity progressed us to the moon and exploration of the atom while ‘royalty’ just sat there and wallowed with the degenerates relying on perf for sustinance. Of course the ‘carbon tax’ will fail, utterly. It is just another scam to help the royals avoid work. Of course every street punk will want a piece of the action. Will we see a grass roots effort of going door to door taking note of who is on vacation and which houses are vacant to facilitate ‘environmental collection’ for purposes of resource ‘liberation and reestablishment’ by the ‘NWO’?
Aussies-
Couldn’t Gillard be dumped by a “spill”? I seem to recall that term from my five enjoyable years in Melbourne during which Whitlam got turfed out.
IanM
Tony Windsor is aware of this, because I sent him the details about the waste in carbon credits that are failing to cut emissions. I also alerted Julie who asked in parliament why pay the UN
Climate Change Fund $600 million a year from Australia to be distributed to poorer countries suffering from damage to their environment caused by climate change caused by US. But they never gave a correct answer. Not USA or China etc. Tony is on a fact finding tour in Europe to see what is happening there. His comment was ‘at least they are doing something’ but with all the negatives he should be intelligent enough to state ‘their efforts have done nothing to cut carbon emissions’ and not vote for this carbon tax. We in his electorate are eager to find out what he has to say? As from rallies and forums in his electorate surely he can’t ignore the facts, the science is loaded with mistakes even manipulated data, especially when the government science
report ‘The Critical Decade’ contained a disclaimer on page 2? Has he woken up to the fact that
carbon trading is a bankers dream (or growing nightmare?) and it is rumoured that some politicians have invested in carbon trading already and risk losing millions. Not only that why should Australia boost up the EU failing scheme to our chagrin.
Gary Mount,
As for providing instructions for/to scammers, actually my intent was for the layperson to catch a glimpse of how easy it can be to scam the system, hoping to spark some outrage, which is actually the original intent by those who created and published the original document.
Friends of the Earth and cafe lattes in Melbourne….
Well I usually put this reality out (link below) around the cities, because human beings are far more important than walk-a-thons and backyard vege gardens. Because I understand and know humans are able to effect positive change in their environment. And I especially don’t like listening to leaders, elders and self-identifieds speak when I rarely hear the general person have their say. Maybe they are frightened to speak? Maybe they don’t live in a democracy? But I may be skeptical eh?
http://www.theaustralian.com.au/news/killers-should-no-longer-expect-leniency-in-the-nt/story-e6frg6po-1111117338543
(graphic story)
I wonder what would happen if we took the variable of alcohol out of the story and listened to the people that lived in the alcohol-free communities- would similar stories be available? Or is that raw data hidden by a permit system too?
Just came across this video in regard to security.
Karoly 00.8-1.46 let out more CO2 from his mouth than I have observed in years. I thought my grammar was poor, Karoly didn’t even fullstop or comma in his verbals.