Tuesday, September 08, 2015

How Can You *Not* Trust These Government Schemes?

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.