Sunday, August 28, 2011

More Carbon Market Fraud?

Romania has blocked from selling carbon credits by the Kyoto Protocol committee. There have been "irregularities" in the country's carbon emissions data.
AFP - The Kyoto Protocol committee has blocked Romania from selling carbon credits over concerns about irregularities in the country's carbon emissions data, Romania's environment ministry said Sunday.

In December, Romanian Environment Minister Laszlo Borbely said the country hoped to earn some 1.5 billion euros ($2.2 billion) from selling carbon offsets.

But the committee that monitors Kyoto Protocol compliance decided to suspend Romania from the programme due to "irregularities observed" in Bucharest's 2010 greenhouse gas emissions data, the environment ministry statement said.

The suspension has immediate affect, and Bucharest must put in place an "adequate" system for monitoring emissions before it can resume selling carbon offsets, the ministry explained.

1 comment:

Riftsrunner said...

The reason Romania is being prevented is because the Carbon Offset scam is to funnel money from rich first world countries to poor third world ones. Since Romania is part of EURO automatically puts it into first world category. SO NO FUNDS FOR YOU.