A flawed scheme that allowed companies to earn tradable carbon credits for projects supposed to abate industrial gases actually created a “perverse” incentive to generate more waste, leading to an increase in global emissions instead of cuts, according to a new study.
The Stockholm Environment Institute (SEI) found that the credits may have increased emissions by as much as 600 million tons of carbon dioxide.
“What was shocking for us was the extent of the problem — we didn’t expect that it would be so big,” said Anja Kollmuss, an SEI associate who led the study.
The study could create problems for global …read more
Source: European Voice
