United Nations Admits Cap And Trade Is A Fraud

Conn Carroll / September 14, 2009

The Sunday Times reports:

The legitimacy of the $100 billion (£60 billion) carbon-trading market has been called into question after the world’s largest auditor of clean-energy projects was suspended by United Nations inspectors.

SGS UK had its accreditation suspended last week after it was unable to prove its staff had properly vetted projects that were then approved for the carbon-trading scheme, or even that they were qualified to do so.

As we have noted before, among the many reasons carbon cap and trading is destined to fail is because auditing carbon emissions reductions accurately enough to support a carbon credit “market” is simply impossible. New Zealand Climate Science Coalition chairman Bryan Leyland explains: (more…)