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Interpol warns of criminal focus on $176 billion carbon market

2013-08-07 23:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Responding to Climate Change: Carbon trading schemes are at acute risk from criminal gangs and fraud, a new report from Interpol warns. The police agency says uncertain regulations and a lack of oversight and transparency threaten the environmental and financial integrity of the worlds carbon markets, worth an estimated $176 billion. And it says that there is a risk that if financial instruments related to carbon trading become too complex, the worlds carbon markets could spark a financial crisis on par with 2008. The report...

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