Carbon fraud highlighted as potential pitfall of proposed cap-and-trade system

In Florida, the new Tendencias newsletter highlighted the pitfalls of carbon fraud as the country heads towards cap-and-trade legislation that will create a more robust carbon market in the US.

“As honey attracts bees, money draws thieves,” said Tendencias, “The federal budget put forth by the Obama administration earlier this year forecast revenues of $650 billion over 10 years from the sale of carbon credits. The article highlights pumping up the baseline emissions, “Potemkin Factories,”, outsmarting auditors, and potential for the issuance of fraudulent certifications by corrupt auditors as potential problems in future carbon markets.

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