Report: U.N. wasting billions on carbon offset scam
The U.N. wasting money? This is, of course, no surprise coming from the same ninnies who brought the world the oil-for-food debacle and whose idea of humanitarian aid is sending condoms to cyclone victims. But I digress. The Guardian reports on the latest mass squandering of U.N. funds on the carbon offset scam (hat tip – Sweetness and Light):
Billions of pounds are being wasted in paying industries in developing countries to reduce climate change emissions, according to two analyses of the UN’s carbon offsetting programme.
Leading academics and watchdog groups allege that the UN’s main offset fund is being routinely abused by chemical, wind, gas and hydro companies who are claiming emission reduction credits for projects that should not qualify. The result is that no genuine pollution cuts are being made, undermining assurances by the UK government and others that carbon markets are dramatically reducing greenhouse gases, the researchers say.
The criticism centres on the UN’s clean development mechanism (CDM), an international system established by the Kyoto process that allows rich countries to meet emissions targets by funding clean energy projects in developing nations.
Credits from the project are being bought by European companies and governments who are unable to meet their carbon reduction targets.
The market for CDM credits is growing fast. At present it is worth nearly $20bn a year, but this is expected to grow to over $100bn within four years. More than 1,000 projects have so far been approved, and 2,000 more are making their way through the process.
A working paper from two senior Stanford University academics examined more than 3,000 projects applying for or already granted up to $10bn of credits from the UN’s CDM funds over the next four years, and concluded that the majority should not be considered for assistance. “They would be built anyway,” says David Victor, law professor at the Californian university. “It looks like between one and two thirds of all the total CDM offsets do not represent actual emission cuts.”
Carbon debits, anyone?
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What does John McCain, whose eco-policies support the carbon offset scam, have to say about this?
But remember: No points for you!
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Related: Coming soon…carbon ration cards?
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Categories: Enviro-nitwits, United Nations
Sister Toldjah
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You might be able to make some quick cash by auctioning carbon credit type scams on ebay? I mean just take the money and do nothing, just like the UN…
All your carbon credits are belong to us.
In third world nations, energy and manufacturing sectors are generally owned either by a handful of ultra-rich families (e.g. the Riadys) or by governments controlled by a handful of ultra-rich families.
So what this story seems to be saying is that the UN has helped the tiny fraction of ultra-rich oligarchies in the third world to become even richer, with no net environmental benefit and no real measurable financial benefit for those living in poverty in third world nations.
Charming. Just charming. Although it would seem that the US and the West will be footing most of the bill, so I guess that’s “justice.”
I have two green words…
TULIP BULBS.
No really? the UN linked to money scandles? After all, they are only here to help the children
Carbon credits are a joke? And so is the UN and Algore.
The money should go into building new prisons to house all the CC scam artists of the world.
So people are starving, gas prices are outrageous, and the UN is wasting billions on what basically amounts to eco scam money?
What a joke. I will vote for the first presidental candidate who has a track record of trying to withdraw the US from the sham that us the UN.
Sorry, that should be the “sham that is the UN.”
Couldnt have said it better myself.
Hmmm…..if I’m not mistaken, GE and other US corporations have been quietly buying up carbon credits for some time now. Feel free to correct me if I’m wrong but didn’t NBC (which is owned by GE)make a push for so-called “green” programs some months ago?
I also seem to remember that GE’s lobbyists having an influence over legislation that prohibits incandescent bulbs.
It’s not just the UN….
No, I agree. It is anyone who treats
global warming, sorry “global climate change“, as a religion who will do anything and everything to1) Justify their grossly unnecessary energy consumption (look at Al Gore’s energy guzzling mansion versus George W. Bush’s *truly* eco-friendly ranch)
2) Force their worldview on the common folk. Barack Obama epitomized this last week with his “Americans can’t eat, drive or heat their homes like they want” speech in Oregon.
I’m still waiting for the day eco-nuts live like Ed Begley, Jr. Funny enough, Begley is one of the least vocal (read: whiny) environmentalists out there. He does what he does and gets on with it.
The rest? They have no problem limiting how we drive, what we eat, how many kids we can have, while they flit about the country and globe in private jets and motorcades.
This would be thanks to Al Gore’s partner Maurice Strong? I wouldn’t be at all surprised to learn that Generation LLP has it’s fingers skimming some pounds along the way to broker the ‘transfers’.
We need a national referendum to GET OUT OF THE UN NOW!
I forgot, here’s a recent chart that ~ought~ to give environitwits apoplexy.
But almost none have any brain cells left from all the pot they smoked so somebody has to explain it to them – global temperature is going DOWN… CO2 is still going UP!
The last I heard, Japan didn’t sign Kyoto and its named after one of their cities. This whole topic is a fabrication. Its international extortion. Our air quality (U.S.) has improved greatly over the last 20 yrs. The biggest polluter countries seem to be exempt. Now why is that ?
I have a question for everyone to ponder …
What would the automobile emissions and gas prices be in the United States if we didn’t have 12-20 Million Illegal Immigrants driving and using energy and gasoline every day? …
Just wondering …
Let me think like a liberal for a moment (this may hurt).
Ok, the science may be fatally flawed and the program is being transparently abused, but at least money is flowing from the rich to the poor, sort of, so it is all good!
There, how did I do?
Mike, did you get a bad headache from that ?
It’s ok, now I have an excuse to take the rest of the day off.
Good boy, have fun…………..
In other words, “the bigger the lie, the more people will believe it.”
Adolph Hitler – Mein Kampf
I’m headed off to the UN to sell F*ckwit Credits to offset the stupidity that spews forth at Turtle Bay.
<:-|
How about UN peacekeepers raping 6 year old children? The UN is an evil scam paid for my you and me. We are the dupes.
Maybe the UN thought the condoms could be used as flotation devices?
Gee, I don’t know. But this is fun to connect John McCain to the UN when it comes to a story about the UN wasting billions on carbon offsetting scams. I mean, why not?? After this fun has died down, maybe people here would like to participate with MoveOn PAC’s Bush-McCain Challenge. If you can’t participate, you can always send them money so they can bash McCain on your behalf. Sounds like a lot of fun, yes?
Manbearpig is still the biggest threat to mankind.
I’m cereal.
Let me know if you want to buy some credits,I can print them on my HP printer real fast.
Dear UN,
Just yesterday I decided not to build a coal-fired power plant in my backyard. Please send $2 billion to AlohaGuy…
DesertLover,
I had the same thought regarding heathcare; would healthcare be more available and/or cheaper if illegal aliens were not clogging up emergency rooms and running hospitals over budget?
Things that make you say Hmmmm.
Let me be the latest here to claim that I survived Global cooling and I believe I can survive Global warming!
That being said, the entire concept of ‘carbon credits’ is absurd and will only lead to fraud. IF the Global warming people truely believe in their cause then there needs to be an immediate rationing of all carbon producing fuels. This is the ONLY way to effectively limit their production. Any taxing or crediting scheme will be subject to fraud and it will not help the ‘planet’.
All global warming enthusiasts must demand that all countries ration all carbon producing fuels until such time as an as yet undetermined balance is reached.
This sounds very much like absolution– pay to have your soul cleansed. And here I thought liberals had no use for religious dogma.
Of course I could be wrong. It sounds a lot like extortion also– just not sure what threat is actually being made.
carbon credits is the ultimate ponzi sceme..
when co2 is plankton food and tree food.. and yet co2 is destroying the environment?
everyone send me a dollar and I’ll give you carbon credits.. sure, what I may actually be doing is throwing a banana peel in a compost pile (something I do anyway) .. to you, it will be a carbon credit.. worth a dollar.
send your dollar to:
suckaborn
1234 everyminute ave..
Point taken, but with a slight nitpick… I believe you meant indulgences when you said “absolution.” The wiki article I linked goes into more detail, but the thumbnail version is this: Indulgences do not forgive sin, but are the removal of temporal punishment for sins already absolved through the Sacrament of Reconciliation. So even when people were paying for indulgences, they weren’t paying to absolved (unless they misunderstood doctrine — certainly possible); they were paying to lessen or remove any time spent in purgatory for sins already confessed and absolved.
Yet another reason to:
Get the U.S.out of the U.N.
Get the U.N out of the U.S.
At the Church of the ManBearPig, this is just another day. Pony up the dough for our savior, Jesus Bore. ROFL
On May 27th, 2008 at 4:33 pm, NHMagenta said:
Yet another reason to:
Get the U.S.out of the U.N.
Get the U.N out of the U.S.
>>>>>>>>>>
The sooner the better! That place is a Rat Hole… Move the HQ out of New York and use the building for something important.
Another gross waste of US Taxpayers money…
AlohaGuy said:
Dear UN,
As you are well aware, I am the person who personally planted every tree that is less than 45 years old in Yellowstone National Park, (please see attached photos). The carbon uptake as a result of my effort is estimated to be worth $125 million over the expected life cycle for those trees. I do not wish to quibble over an exact amount so please send me a check for $100 million to me and whatever balance as a bonus to IPCC scientists to encourage their continued effort to study the global warming problem.
WarmestRegards,DWD
Boy, will there be a scramble for “spin doctors” when the global warming farce finally dies away. In keeping with the usual cycles over the past decades, we should be just about entering a crisis now with global cooling.
Hmmm. Perhaps this scam ought to be called the
CarBORG offset program
since it seems no matter what, everyone’s going to be assimilated into it.
oBORGama in 08 — can’t wait to assimilate.
Given the UN’s anti-Semitism, I don’t just want to get the UN out of the US. I want to then convert the UN General Assembly Building into the world’s largest synagogue, and then use the Secretariat building as the headquarters for the Agency to Fight Carbon Emissions By Replacing Every Fossil Fuel Powerplant in the US With a Nuclear Plant. I’d use the other buildings for an Israeli consulate and headquarters buildings for JihadWatch and MEMRI. The money that used to go to the UN would be either redirected to the US military or go to a new League of Actual Democracies.
Be it the carbon offset scam, food for oil or peacekeeping I can not think of one thing that the UN has done honestly or well. The UN may or may not have been established for a good reason but by the Friday of their first week the UN was an ugly scam. But Carbon Offsets will give them an income stream of their own which is what that group of pirates has always wanted. Then there will be even less restraint on their schemes.
To Desertlover and speakeasy: Add in the cost of incarcerating them when they break our laws!!!
I would love to plant a big carbon footprint on Gore’s ass for this scam that he is perpetrating for his own wealth enhancement.
“Well meaning” Government plan = Ponzi scheme = redistribution of wealth = socialism/communism
Subtract out the loopholes that will be made for Congress and bought by “preferred industries,” the exorbitant “administration fees” and outright vote buying via earmarks etc., and you have just another ineffective goverment boondoggle that will degrade the quality of life in the USA and help no one but the politicians in the process.
Call me cynical, but when you see the same stupid moves, over and over again, it just gets predictable.