Dealing with criminals in climate fraud | Geoff Simmons, originally published in the Dominion Post

OPINION: The Government’s plan for meeting our Kyoto Protocol commitment and 2020 emissions reduction target was released this month. It reveals a shocking truth: New Zealand has been a willing participant in a wholesale climate fraud. We’ve been dealing with criminals and fraudsters in order to meet our international obligations. If our reputation wasn’t shot to pieces after Paris – where we revealed our weak kneed 2030 target – it will be now. Carbon trading is a fine idea, but it only works if the credits we buy actually represent a true emissions reduction somewhere else. The sad truth is that the foreign credits New Zealand has gorged on up until now have produced little to no climate benefit.  New Zealand’s main vice has been a particular type of carbon credit called the Emissions Reduction Unit (ERU). These are issued for emissions-reducing projects in countries participating in the Kyoto Protocol. The idea is that the revenue from selling ERUs would make projects viable that wouldn’t be otherwise. Over 90 per cent of ERUs have come out of Russia and Ukraine, and under Kyoto they were allowed to authorise their own projects. No surprise that when they were externally audited this year, 85 per cent of the units didn’t stand up to scrutiny. They are essentially worthless bits of paper. The EU got wind of the games being played years back and started to clamp down on the use of these credits…

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Source: Dealing with criminals in climate fraud | Stuff.co.nz

Author: Makere

A Maori/Scots New Zealander transplanted to Canada. Grandmother, academic, indigenous scholar, sometime singer, sometime activist, who cares passionately about our world.