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Evidence shows EU Emissions Trading Scheme is Fraudsters’ Paradise, cannot be reformed

Written By Krishna on Monday, April 15, 2013 | 8:37 PM

Press Statement

Evidence shows EU Emissions Trading Scheme is Fraudsters’ Paradise, cannot be reformed

Emissions Trading is part of the climate problem, not solution, says a new report   

Ahead of the European Parliament’s vote today on the European Commission’s proposal to ‘reform’ the EU Emissions Trading Scheme (EU ETS) and vindicating the long held view that carbon trade is not and cannot the part of solution as it is part of the problem in responding to market failure led climate crisis, a new 16 page attached report has revealed that problems with EU ETS are inherent, systemic and unresolvable.

ToxicsWatch Alliance (TWA), New Delhi endorses the recommendation of the report about this failed system of emissions trading which is further delaying real action for reducing emissions in Europe in particular and globally in general.

The report 
“EU ETS myth busting: why it can’t be reformed and shouldn’t be replicated” has debunked the claims made in defence of the EU ETS. The list of the organisation who have co-published the report is given below.

It has underlined that decrease in emissions from 2008 and 2010 in Europe was related to the economic crisis and not to emissions trading. There has been no real shift in the way energy is produced or used by the industries in Europe.

It denounces the idea that emissions trading is an or can be an incentive to promote investment in cleaner energy solutions.

The report states that “The EU ETS is a cumbersome, unresponsivemechanism which has failed to achieve its own objectives”. It adds, “The EU ETS is a Fraudsters’ Paradise, fostering tax
evasion, fraud, and other criminal activities.
 
Now the time has come for the Euorpean Parlaiment and the EU to acknowledge that the emissiongs trading as a solution has not worked.

European Parliament’s vote today on the European Commission’s proposal to ‘reform’ the EU Emissions Trading Scheme (EU ETS) should keep in mind how such schemes are being used in Indian national capital to bulldoze heavily pollution Chinese technology based waste incinerator technologies in the residential and ecologically sensitive areas.

It is noteworthy that one of the European MPs from Belgium was deeply concerned about the New Delhi's waste based power plant which is registered with Clean Development Mechanism (CDM) Executive Board. This MP was in touch with TWA for several months to understand the bitter opposition to it.

TWA urges European parliamentarians  to adopt its original position against carbon trade which it chose to dilute under US influence for adoption o Kyoto Protocol and work for real solutions and genuinely green technologies.   

For  more information contact:
- Hannah Mowat (FERN): +32 48 50 25 432
- Lyda Fernanda (TNI):
+31 685086340
- Belén Balanyá (CEO):
+31 633090386
-Gopal Krishna, ToxicsWatch Alliance (TWA), Mb: 9818089660,

  • [i]Alianca Redes de Cooperacao Comunitaria Sem Fronteiros Asociacion Ambiente y Sociedad, (Colombia), All India Forum of Forest Movements -AIFFM (India), ANPED, ATALC – Amigos de la Tierra América Latina y Caribe, Both ENDS (Netherlands), Carbon Trade Watch, CENSAT Agua Viva – Amigos de la Tierra Colombia, Centre for Civil Society (South Africa), COECOCEIBA – Amigos de la Tierra Costa Rica, Corner House, Corporate Europe Observatory, CounterBalance, Earth Peoples, Ecologistas en Acción (Spain), FERN, Food and Water Watch Europe, Friends of Siberian Forests (Russia), FASE, Friends of the Earth Brazil, Friends of the Earth Canada, Global Forest Coalition, Green Cross Society, Indian Social Action Forum (India), JA!Justica Ambiental – Friends of the Earth Mozambique, Movimento Mulheres pela P@Z!, NESPON (India), New York Climate Action Group, Observatori del Deute en la Globalitzacio (Catalunya), Philippine Rural Reconstruction Movement, PIDHDD, Re:Common, REDES – Friends of the Earth Uruguay, SDE, School of Democratic Economics, Taller Ecologista, Timberwatch (South Africa), TNI, UKWIN, WISE, Woodland League, World Development Movement
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