German authorities have issued a “wanted poster” for three men suspected of being involved in a carousel VAT fraud relating to carbon credits.
Category: European Union
Stop biodiversity offsets: Thousands sign letter to the European Commission
More than 9,000 people and 67 organisations have signed on to a letter urging the European Commission to drop its plans for biodiversity offsetting. Biodiversity offsets would “harm nature and people” and “give power to those who destroy nature for profit”, the letter states.
Biodiversity offsetting makes dreams come true – for developers
Five years ago, the European environment commissioner Stavros Dimas warned that biodiversity loss posed a threat as serious as climate change. But the EU continues to lose biodiversity.
Biodiversity offsetting in action: Bulldoze the UK’s ancient woodlands? No problem, just plant some trees
The Right Honourable Owen Paterson MP is the UK’s Secretary of State for Environment, Food and Rural Affairs. Commenting on his appointment in 2012, George Monbiot described it as “a declaration of war on the environment”.
Global carbon markets have shrunk in value by 60% since 2011
In 2011, carbon markets traded a total of €96 billion worth of pollution allowances and carbon credits. In 2012, the figure was €62 billion. In 2013, it fell to €38.4 billion. The price of EUAs (EU Allowances) has fallen from €18 in 2011 to €5.