Strive’s Post

Stop Burdening Small Businesses: Focus on Real Sustainability Let’s leave small businesses to focus on real sustainability efforts rather than wasting time and money on flawed carbon credit systems. The recent Deutsche Welle & ZDF investigation exposed how German authorities approved fraudulent climate projects in China, resulting in a billion-euro scam. Instead of wasting resources on carbon credits or outsourcing sustainability goals, invest locally. Small businesses can achieve more by implementing their own Sustainability Management Systems (SMS), reducing emissions on-site and driving real change. Let’s leave small businesses to focus on real sustainability efforts rather than wasting time and money on flawed carbon credit systems. The recent Deutsche Welle & ZDF investigation exposed how German authorities approved fraudulent climate projects in China, resulting in a billion-euro scam. This is a wake-up call to rethink how we approach carbon credits and zero emission goals. #carboncredits #NetZero #SustainabilityMatters #CarbonCredits #ClimateScam #sustainabilitymanagementsystem #sustainablefuture Who is a whistleblower & who is guilty of conclusion or negligence? ExxonMobil TotalEnergies bp Shell TÜV Rheinland Group Verbio SE Müller-BBM Cert GmbH Umweltbundesamt - German Environment Agency Read the full investigation: How a Chinese firm ran a billion-euro carbon credit scam.

Carbon Credit Scams and the EU's CBAM: A Perfect Storm? A recent DW investigation uncovered a massive carbon credit scam involving a Chinese company that defrauded German authorities of over a billion euros. This scheme, involving fraudulent documents and non-existent climate projects, underscores the vulnerability of carbon credit systems and the urgent need for stricter regulations. As the EU's Carbon Border Adjustment Mechanism (CBAM) takes effect, such scams pose an even greater threat to the integrity of the global carbon market. CBAM is designed to level the playing field for European industries by imposing a carbon price on certain imported goods. However, if these goods are linked to fraudulent carbon credits, it could undermine the effectiveness of the policy and distort global trade. To mitigate these risks, it is crucial to strengthen international cooperation and establish robust verification and monitoring systems for carbon credits. Transparent and accountable carbon markets are essential to ensure the environmental integrity of climate policies and to prevent future scams that could jeopardize global climate goals. #Carboncredits #CBAM #Europe #Energy https://lnkd.in/gvs-cj2K.

German authorities approved dozens of climate projects in China that allowed firms to receive carbon credits. A DW and ZDF investigation found that these projects are likely fake and part of a large carbon credit scam. https://lnkd.in/gVA_QfPm #howis #chinesefirm #runnin #billioneuro #carboncredit #scam #trade #carboncreditgeneration #projects #saving #removing #greenhousegas #emissions #climatetargets #climateprojects #climatechange  #carbonemission #carbonreduction #biofuelproducer #carboncertificates

THE CARBON CREDIT FRAUD:  German authorities approved dozens of climate projects in China that allowed firms to receive carbon credits. A DW and ZDF investigation found that these projects are likely fake and part of a large carbon credit scam.  https://lnkd.in/gmJfNf_x

Billion-Euro Carbon Credit Fraud: A Wake-Up Call for Real Climate Action A recent investigation revealed a billion-euro fraud in the carbon credit market, implicating German-approved projects in China. These projects, misrepresented as new installations, issued carbon credits based on manipulated data. Consulting firms & auditors allegedly colluded, exposing systemic failures in oversight. This scandal underscores why companies must prioritize internal sustainability programs over flawed external schemes. Local action delivers measurable and trustworthy results. A good motto for companies- "Local action make global impact". Read more: How a Chinese firm ran a billion-euro carbon credit scam https://lnkd.in/eTnh5ceS #carboncredits #NetZero #SustainabilityMatters #CarbonCredits #ClimateScam #sustainabilitymanagementsystem #sustainablefuture ExxonMobil TotalEnergies bp Shell TÜV Rheinland Europe TÜV Rheinland Group Verbio SE Müller-BBM Industry Solutions GmbH Umweltbundesamt - German Environment Agency Sustainable Green Printing Partnership (SGP) Wisconsin Department of Natural Resources (DNR) York University - Environmental & Urban Change

The recent Financial Times report observes global oil major #Shell's egregious misconduct in peddling millions of #carboncredits ostensibly tied to CO₂ removal, despite the utter absence of any such mitigation efforts. If this were true, this is simply carbon-washing ! My oped in CNBC-TV18 observes that such actions undermine the credibility of #carbon offsetting and exacerbate the #climatecrisis. The silence of major investors raises concerns about complicity and the need for urgent reforms to restore trust in the #carboncredit economy. https://lnkd.in/dDteNAgX #Shell #CarbonCredits #ClimateCrisis #CorporateAccountability #RegulatoryFailure #EnvironmentalIntegrity #ESG #ClimateAction #cnbctv18

I would like to emphasize that this international event which was organized in Türkiye for the first time, will greatly contribute to the development of Türkiye’s emission trading system within the framework of environmental markets. Taking part in the "Government climate policy" session, discussing aspects in scope of property rights, permitted market participants, offsets, exemptions, MRV, ambition and Climate change law in Türkiye together with Sara Stefanini , Eyüp Kaan Moralı, Ingo Ramming and Jan-Willem van de Ven . We also explained Türkiye’s Emission trading system that we designed and are currently working on. #carbonforward #emissiontrading #ets

This article introduces the representative of global compliance carbon market, the European Union Emissions Trading System (EU ETS). #esg #esginvesting

The charges against ex-carbon offsetting executive Kenneth Newcombe are a stark reminder of the vulnerabilities in environmental finance. The fact that fraudulent schemes can infiltrate carbon markets undermines climate goals and erodes public confidence in sustainability initiatives. We must question whether current regulatory frameworks are robust enough to prevent exploitation. Without greater transparency and accountability, these markets risk becoming a platform for profiteering rather than genuine environmental progress. #Sustainability #CarbonMarkets #ClimateFraud #Regulation #CorporateAccountability https://lnkd.in/gXpbAqGZ

Another instance of potential dishonesty in reporting the success of carbon reduction projects, where data was manipulated to exaggerate results, enabling the company to earn and sell additional carbon credits that companies use to offset their emissions. What we need to do - ✔️ Take greater care in assessing and verifying the credibility of carbon offset projects and their associated data. ✔️ Investors and regulators should insist on transparency, precise reporting, and more rigorous audits to prevent fraud. ✔️ Enhanced oversight is crucial in the voluntary carbon market to uphold trust and guarantee that carbon credits represent genuine emission reductions. ✔️ Safeguarding credibility is essential to preserving the integrity of global climate action efforts. (Full article 👇)