Last week Carbon Pulse reported that the Public Prosecutor‘s Office in Frankfurt am Main and the German Federal Criminal Police have issued a “wanted poster” for three men suspected of being involved money laundering and tax evasion relating to the EU Emissions Trading System.
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.
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”.
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.