Photo Gallery: Fraud Schemes Using Carbon Emissions Certificates
Foto: MICK TSIKAS/ REUTERS
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Photo Gallery: Fraud Schemes Using Carbon Emissions Certificates

The Climate Mafia Fraudulent Emissions-Trading Schemes Rob German Tax Authorities

The Kyoto Protocol introduced a scheme for trading emissions certificates as a way to help reduce CO2 emissions. German tax authorities are now investigating almost 40 companies that traded certificates for allegedly taking advantage of loopholes in sales tax laws to bilk the taxman out of hundreds of millions of euros.
Von Beat Balzli
Translated from the German by Christopher Sultan
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