29 Sep '11, 7am

Carbon Credits 'Questionable'; Truckers Earning Carbon Offsets - Environmental Leader: Environmental LeaderCarbo...

Most carbon credits certified in India are “questionable” and do not represent real greenhouse gas reductions, according to a Wikileaks cable. An American diplomatic cable from July 2008, described in the Daily Telegraph , quoted a senior Indian carbon credit assessor as saying that no Indian projects meet international standards for carbon credits. R K Sethi, head of India’s Clean Development Mechanism Authority, said the agency simply took project developers at their word when approving applications for carbon credits, and he called for rules to be loosened. India is the world’s second largest source of Certified Emission Reductions (CERs). Eva Filzmoser of CDM Watch said she was concerned that 33 coal power plants were among 1700 carbon credit project bids in India. Four of the coal-fired stations have been approved so far, out of a total 700 approved projects. In other...

Full article: http://www.environmentalleader.com/2011/09/29/carbon-cred...

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