REDD-Monitor has reported several times on sales of carbon credits in the UK, from what seem to be boiler room operations. The Metropolitan Police recently put out, “The Little Book of Big Scams” (pdf file, 3.9 MB), explaining how to avoid these and other scams and providing advice on what to do if you are…
Category: UK
How much does a carbon credit cost? “There is no such thing as a generic price,” says ClimateCare’s Edward Hanrahan
By Chris Lang In November 2012, the BBC broadcast a programme about a company called Enviro Associates that is selling voluntary carbon credits as an investment. Enviro Associates was offering carbon credits for sale at a price of £5.50 each.
Worst fortnight ever for carbon markets?
During the first week of the negotiations at COP18 in Doha, Martin Hession, a vice-chair of the Clean Development Mechanism (CDM), said that the main issue is, “[W]hat are the targets going to be in the future and what instruments are going to deliver on those targets.”
Response from Paul Seakens, Director of Carbon Neutral Investments and Enviro Associates
Ten days ago, REDD-Monitor wrote about a UK-based company called Enviro Associates, after the BBC had secretly filmed a director of the company, Luke Ryan, making “misleading” claims about the amount of money to be made by investing in carbon credits.
Doublethink: Norway’s Pension Fund to stop investing oil profits in climate change and deforestation
Norway is by far the biggest donor to REDD initiatives around the world, with two billion dollar deals, one in Brazil and one in Indonesia. But Norway’s Pension Fund invests way more in companies responsible for rainforest destruction.