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Posted on 05/26/2008 8:45:34 AM PDT by tlb
Billions of pounds are being wasted in paying industries in developing countries to reduce climate change emissions, according to two analyses of the UN's carbon offsetting programme.
Leading academics and watchdog groups allege that the UN's main offset fund is being routinely abused by chemical, wind, gas and hydro companies who are claiming emission reduction credits for projects that should not qualify. The result is that no genuine pollution cuts are being made, undermining assurances by the UK government and others that carbon markets are dramatically reducing greenhouse gases, the researchers say.
The criticism centres on the UN's clean development mechanism (CDM), an international system established by the Kyoto process that allows rich countries to meet emissions targets by funding clean energy projects in developing nations.
A working paper from two senior Stanford University academics examined more than 3,000 projects applying for or already granted up to $10bn of credits from the UN's CDM funds over the next four years, and concluded that the majority should not be considered for assistance. "They would be built anyway," says David Victor, law professor at the Californian university. "It looks like between one and two thirds of all the total CDM offsets do not represent actual emission cuts."
"Traders are finding ways of gaining credits that they would never have had before. You will never know accurately, but rich countries are clearly overpaying by a massive amount," said Victor.
(Excerpt) Read more at guardian.co.uk ...
I have to wonder how much our UN contribution would increase under an O-gaffe administration...
Since the whole darned thing is a hoax and there is NO POLLUTION, only plant food, why would anyone expect that anybody participating in it would be doing anything but scamming, attempting to turn carbon into gold?
***The result is that no genuine pollution cuts are being made***
The mandates for companies cutting pollution has been around for years both in the UK and US so there maybe nothing left to cut.
I have to wonder how much our UN contribution would increase under an O-gaffe administration...
:::::::
There would be official knee-pads handed out to all administration members to wear as they are sent to bow before the U.N. mob, seeking their forgiveness, and acceptance as a pandering, cowering, groveling world power...
Well it doesn’t take a well-funded and lengthy investigation to figure that out.
Wasted? Does that mean Al Gore and his minions aren’t receiving a large enough share?
No money has been “wasted”. It just didn’t go where they said it would. No surprise there.
Click on POGW graphic for full GW rundown
New!!: Dr. John Ray's
GREENIE WATCH
The Great Global Warming Swindle Video - back on the net!! (click here)
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The idea was to eliminate developing nation's carbon dioxide "pollution" by eliminating developing nation's population.
Where are the new energy sources?
But wealth was successfully from the developed world to the developing world - partial points! Looks like we just need to send more money to the UN ASAP. Tens of billions of dollars is nothing to wealthy American polluters, just raise taxes or increase the public debt - this is already being done for everything else, why should cash transfers to the turd-world under the pretext of Al Gore’s scam be any different?
But as long as UN officials have their pockets lined with much cash, who cares???? Just a bunch of green pimps who scare-monger for payola.
“Billions wasted” and “U.N.” always seem to go hand in hand.
That would be $845 billion dollars to start.
The proposed cap-and-trade program in the United States, according to the Congressional Budget Office, would be about $300 Billion per year. Talk about waste and destruction of our economy
..."It looks like between one and two thirds of all the total CDM offsets do not represent actual emission cuts."
If continued and adopted by the US, this will make the Oil-For-Food scandal look like amateur hour.
Scamorama
Given that we are talking about the U.N. after all, the big surprise would have been if some sort of political scam or financial corruption WAS NOT going on.
Well, you know...birds of a feather...
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