carbon credits

Greenhouse gas emissions have significantly increased in Ireland, making achievement of Ireland’s long term decarbonisation goals “ever more difficult”. That’s according to the Irish Environmental Protection Agency (EPA), which revealed the nation saw a 3.5% increase last year. Emissions in the energy sector rose by 6.1%, transport emissions by 3.7% and agriculture emissions by 2.7%. […]

Germany has launched a tender process to buy more than 235,000 credits to offset last year’s carbon emissions from business travel. The government is compensating for the climate footprint of all its official travel through UN-certified carbon offsets, according to the UN Framework for Convention on Climate Change (UNFCCC). The tender process is open until […]

Members of the European Parliament (MEPs) have backed proposals to reform the EU Emissions Trading System (ETS) beyond 2021 to balance greater cuts in greenhouse gases. The EU ETS works as a ‘cap and trade’ system and is designed to cut pollution by making businesses pay for producing greenhouse gas emissions. The system has however […]

The management teams of two companies running carbon credit scams have been banned from trading. The disqualifications follow an Insolvency Service investigation into their fraudulent selling of voluntary emission reductions (VERs), a type of carbon credit, to members of the public as an investment. Both companies lied about the nature of the VERs they were selling, which are intended to be retired by businesses or individuals to […]

The World Bank has allocated $13 million (£10.7m) through its third climate auction. A total of 13 companies participated in the online Pilot Auction Facility (PAF), with five firms winning contracts. That gives them the right to sell their future carbon credits to PAF at a fixed price of $2.10 (£1.7)/carbon credit. If redeemed, these […]

A £152 million green bond to support private sector development and prevent deforestation in developing countries has been launched. The five-year bond has been sold to major global institutional investors including CalSTRS, Theehouse Investments, TIAA-CREF and QBE. The bond will be listed on the London Stock Exchange. It has been issued by the International Finance […]

An acting director of a green company has been disqualified for 13 years for his actions. He sold duplicated carbon credits and tried to cover it up, according to the Insolvency Service. John Coates, although not formally appointed a director of Green Deal Advice 247 Limited in Lancashire, was the dominant driving force. He was […]

The director of a commodities company has been disqualified for selling carbon credits as investments. James Michael Cable from London-based firm Beta Commodities cannot promote, manage or be a director for 14 years. Between April and October 2012, his firm sold £681,000 worth of Voluntary Emission Reductions (VERs), a type of carbon credit, to members […]

The director of an investment company has been disqualified for 11 years for selling unsuitable carbon credit investments. Darren Bartlett from Wealth Capital Limited (WCL) sold carbon credits on the basis they would increase in value when they were inappropriate, according to the Insolvency Service. Mr Bartlett cannot promote, manage or be a director of a limited company until 2027. The […]

A major network which sold carbon credits to the public for investment has been shut down. According to the Insolvency Service, a total of 19 companies were involved in a boiler room scam, selling “well over” five million carbon credits to the public for more than £36 million. A carbon credit is a certificate or […]