Monthly Archives: May 2010

Carbon Trading Fraud

EUobserver.com reports:

“Europol, the European criminal intelligence agency, last December issued a warning that ETS fraud had resulted in around €5 billion in lost revenues.

In announcing its investigations into the pan-European racket, the agency said that as much as 90 percent of the entire market volume on emissions exchanges was caused by fraudulent activity.”

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Filed under Climate Policy, Energy Policy, Politics