The EIA has welcomed a European Member State vote to end the corrupt global trade in fake HFC-23 carbon credits. A European Commission proposal to ban the use of HFC-23 and N2O credits in Phase III of the EU’s Emissions Trading Scheme (ETS) – which runs from 2013-20 – was approved by the Climate Change Committee
We will address key European politicians and policy-makers in a bid to help end corrupt global trade in bogus HFC-23 carbon credits. We have been at the forefront of efforts to expose and halt dodgy credits, awarded to companies in return for the destruction of greenhouse gases manufactured solely for that purpose
China has responded to efforts to ban credits from industrial gas projects in the European carbon market by threatening to release huge amounts of potent industrial chemicals unless developed nations pay what amounts to a climate ransom with continued payments far in excess of the actual cost of destroying HFC-23
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.
While most of the world is focused on the UNFCCC climate negotiations leading up to the December meeting in Cancun, next week’s Montreal Protocol meeting will consider three distinct decisions. These three options are the main subject of Our report, Maximizing Climate Benefits from Ozone Protection
The Environmental Investigation Agency (EIA) commends Norway’s divestment of its pension fund’s shares in Malaysian logger Samling Global this week, but calls for a more comprehensive review of the fund’s wider investments of over $400 million in other controversial forestry and plantation companies