Germany blocks carbon credits after suspected fraud in China
Berlin (AFP) Sept 6, 2024
German authorities said Friday that they had stopped delivering carbon credits to several companies suspected of creating phoney Chinese emission reduction projects. Inquiries were opened following press reports of a vast system of carbon credit fraud involving German oil companies taking part in climate projects, some of which never actually existed. In other cases, the announced CO2 r
German authorities said Friday that they had stopped delivering carbon credits to several companies suspected of creating phoney Chinese emission reduction projects. Inquiries were opened following press reports of a vast system of carbon credit fraud involving German oil companies taking part in climate projects, some of which never actually existed. In other cases, the announced CO2 r
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