Greenwash

Australian Federal, State and Local Politics
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Outlaw Yogi

Greenwash

Post by Outlaw Yogi » Mon May 02, 2011 10:54 am

Spoze IQ will love this, 'coz he gets to say "told you so" .. would have put in his existing GW/CC related thread, or could have put in a carbon tax or govt rorts thread, but suspect misappropriation of enviro-aid may become a central issue concerning GHG abatement regimes/schemes success or failure.

Personally, I think it'd be much simpler and more practicle to ditch subsidies for dirty energy rather than trying to create handicaps so renewables get a level playing field, requiring compensation for some, which just complicates the scheme more so again.


Green schemes are 'wide open to major corruption'
http://www.independent.co.uk/environmen ... 77356.html
The organisation warns that 20 nations most vulnerable to climate change – where millions in grants and aid will be targeted – are judged to be among the most corrupt in the world – and stronger oversight is needed to ensure the funds are properly spent. None of the countries, which include Bangladesh, Zimbabwe, Egypt and Vietnam, scores higher than 3.6 on TI's influential Corruption Perception Index, where 0 is wholly corrupt and 10 "very clean".
Carbon markets, the main financial tool for combating climate change, have already been hit by fraud, the report points out. In January, the European Union's carbon market was shut down after it was attacked by cyber-hackers. More than three million carbon credits were stolen from government and private company accounts.

The system has also been hit by repeated tax frauds. One scheme to meet all of Europe's power needs from concentrated solar power plants covering 1 per cent of the Sahara desert was undermined after experts said bureaucratic complexity and corruption in north Africa raised the risks and costs of investment there. After an investigation by Spanish officials, it was discovered that more than one in 10 of its solar parks was falsely registered as operational, despite making no contribution to the energy grid.

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