Page 56 - Carbon Frauds and Corruption

Corruption of Bribery

Chapter 6 : Corruption in the “Carbon World”

for Energy and Climate Change ‐ announced that he was adamant that the IPCC was on the right
track and that:

“It’s worth saying that..... no doubt when the next report comes out it will suggest there have been areas where
things have been happening more dramatically than the 2007 report implied”.

Mr Miliband is either blessed with divine insight or like the weatherman knows which way the
wind blows.

PRINCIPLE
Never ask a barber if you need a haircut or a politician for a truthful answer

8.2.3 United Nations Framework Convention on Climate Change

8.2.3.1 Establishment and Structure
The United Nations Framework for Climate Change (UNFCCC), based in Bonn, Germany emerged
from the Kyoto Protocol and the Marrakesh Accords as the primary administrator and monitoring
body for greenhouse gas inventories and of the Clean Development Mechanism and Joint
Investment Projects. It works closely with the IPCC and relies on its “science” to evaluate
Approved Methodologies, baseline calculations and emission reductions.

An Executive Board, consisting of 10 members makes recommendations regarding CDM rules,
maintains the CDM registry approves baseline and monitoring methodologies, accredits
Designated Operational Entities and audits their performance.

The Executive Board can suspend Designated Operational Entities (see page xx) and impose
fines under certain circumstances (although it never has). It constitutes the ultimate executive
55
authority for the UNFCCC yet strangely claims not to be bound by precedent, nor to take formal
votes. It is regarded by some people as dysfunctional, bureaucratic and inefficient. In its favour
the Executive Board makes considerable efforts to be transparent: but often fails. Like most
bureaucracies, the UNFCCC is powerfully motivated to extend its own empire and spheres of
influence.
8.2.3.2 Flexible Mechanisms

The UNFCCC administers the Clean Development Mechanism (CDM) which is an emission
reductions (“Offset”) scheme in which Annex 1 or developed countries can invest in projects in
less developed countries to reduce emissions, create Certified Emission Reductions (“CERS which
can be regarded as “carbon credits”) that can be traded through the ETS or used by LCPs for
compliance purposes. The agency also administers the Joint Investment Scheme which is similar
to CDM except the reduction projects are located in Annex 1 countries. Credits under the JI rank
equally with CERS and officially designated Allocated Amount Units (AAUs). The UNFCC also

55 Subject only to “The Conference of the Parties”, representing all member countries which meets once a year

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