Monday, 23 May 2011

Of Schemes and Schemers

Con + Insult = Consult

"There's funding available ..." Words to make any hungry consultant salivate, and as Private Eye reports in its latest issue in "REDD faces all round" the feeding frenzy is just beginning:

"There’s funding available from the World Bank to help countries draw up REDD plans, as well as assistance from some enthusiastic European nations. Most of this REDD-readiness money is ending up in the pockets of international consulting firms …"

Clever and complex schemes.


The new 'market', as many hipsters like to call it, in carbon credits is already creating fantastic global opportunities for business. Australian bureaucrats in charge of implementing climate change avoidance and mitigation have been warned of the "possibility of GST fraud on carbon credit trades under so-called "carousel fraud". The scam, which has operated overseas, involves the skimming of GST on the sale of carbon credits bought tax-free overseas." 

Sky Money

"The Netherlands' emissions trading authority has  [also] been the target of 'large-scale criminal activity, including fraud, money laundering and the financing of terrorism'. The Papua New Guinea "sky money" scam, involving the sale of worthless carbon credits, is also detailed in a spate of 2009 briefings."

And so it goes.

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