Carbon Credit scam

Posted: April 23, 2011 in Environment, Law & Disorder

IlieMajor energy companies have been given free carbon allowances worth more than £100m this year for closed or mothballed power stations, despite the fact that the plants are producing little or no emissions.

Despite ceasing to produce electricity, energy companies still receive the carbon credits which they can sell on international markets.

Centrica, GDF Suez/International Power and Scottish & Southern Energy are among the UK companies to have reduced or switched off capacity at older plants.

All the named companies announced temporary or permanent shut-downs in recent weeks just after this year’s carbon allowances were handed out by February 28.

Centrica has put four plants – Barry, Brigg, Peterborough and Kings Lynn – into “preservation mode”, which means they are not producing but ready to be switched on.

GDF Suez has reduced output at its Teesside plant to almost nothing, with the station expected to produce just 45 megawatts out of its 1875 megawatt capacity.

Wikipedia’s Carbon Credit explanation, try and keep awake

Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one ton of carbon dioxide, or in some markets, carbon dioxide equivalent gases. Carbon trading is an application of an emissions trading approach. Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources. The goal is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less carbon intensive approaches than those used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits, this approach can be used to finance carbon reduction schemes between trading partners and around the world. ZZZZZzzzzzzzzzzz

Wellerpaedia’s version

Companies pretend they have reduced their carbon emissions even though they have shut down or have reduced output anyway then sell the carbon credits gained to companies who chuck out more than the allowed crap gases into the air. Simple

Migrant murderer

A 46-year-old Czech national has been charged with murder following the death of a man in Blue Town, Sheerness, Kent.

Milos Louzecky was arrested following the stabbing of the 29-year-old victim in West Street around 5pm on Tuesday.

An air ambulance crew landed in a nearby car park but were unable to save the man’s life.

A 28-year-old man, who was also arrested at the same time, has been released without charge.

Local reports suggest the three men were related and lived together in the flat where the stabbing took place.

Louzecky is due before Medway Magistrates’ Court today.


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