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Press Releases: Carbon Trade

Six EU members keep doors open to banned carbon credits

Press release issued jointly by Carbon Market Watch and EIA:   Brussels, 14 October 2013. At today’s meeting of EU Environment Ministers, Hungary, Ireland, Italy, Lithuania, Poland and Spain refused to extend the EU-ETS ban on industrial gas offset credits to their national greenhouse gas reduction targets, prompting concern that some EU Member States are […]

Massive climate subsidies for HFCs industry to continue

UNFCCC CDM approves further payments to HFC producers   DURBAN: As United Nations Framework Convention on Climate Change (UNFCCC) negotiators meet in Durban, the Environmental Investigation Agency (EIA) is calling on all Parties to reject HFC-23 carbon credits following widespread evidence and acknowledgement that most of the credits do not represent real emission reductions. Last […]

China’s greenhouse gas vent threat in bid to extort billions

In the run-up to the international climate negotiations in Durban later this month, China has responded to efforts to ban the trading of widely discredited HFC-23 offsets by threatening to release huge amounts of the potent industrial chemical into the atmosphere unless other nations pay what amounts to a climate ransom. China’s threat comes after […]

Super greenhouse gas HFC-23 vented in Europe as millions are spent on fake HFC-23 credits abroad

LONDON: A new study has shown that European chemical manufacturers are surreptitiously venting large quantities of one of the world’s most powerful greenhouse gases. The study by EPMA, the Swiss Federal Laboratories for Materials Science and Technology, published in Geophysical Research Letters, has demonstrated that Western European emissions of HFC-23, a super greenhouse gas with […]

A chance to stamp out bogus carbon credits

EU should put climate credibility ahead of harmful corporate greed   THE London-based Environmental Investigation Agency (EIA) will tomorrow (Wednesday) address key European politicians and policy-makers in a bid to help end the corrupt global trade in bogus HFC-23 carbon credits. EIA has been at the forefront of efforts to expose and halt the hugely […]

Massive investment in fake HFC carbon credits spurs Italian sabotage of EU ETS reform

EFFORTS to reform Europe’s Emissions Trading Scheme (ETS) by restricting the use of phoney carbon credits from HFC-23 destruction and other industrial gas offsets are being opposed by Italy. Huge investments by the Italian Ministry of Economy and Finance and Italian companies have prompted Italy to defend the projects and its financial stake in an […]