26 Aug '15, 10am

Study: Large Numbers of Carbon Credit Projects Were ‘Hot Air’ That Didn’t Provide Real CO2 Drops

Study: Large Numbers of Carbon Credit Projects Were ‘Hot Air’ That Didn’t Provide Real CO2 Drops Here are some of the stories we’re reading this morning. Stephen Lacey August 26, 2015 BBC : Carbon Credits Undercut Climate Change Actions, Says Report The vast majority of carbon credits generated by Russia and Ukraine did not represent cuts in emissions, according to a new study. The authors say that offsets created under a U.N. scheme "significantly undermined" efforts to tackle climate change. The credits may have increased emissions by 600 million tonnes. In some projects, chemicals known to warm the climate were created and then destroyed to claim cash. As a result of political horse-trading at U.N. negotiations on climate change, countries like Russia and the Ukraine were allowed to create carbon credits from activities like curbing coal waste fires, or restricting gas ...

Full article: http://www.greentechmedia.com/articles/read/study-large-n...

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