Tag Archives: carbon credits
Under the U.N. Clean Development Mechanism (CDM), first world countries fund clean energy projects in the developing world in order to purchase Certified Emission Reduction credits (CERs) that count towards their own domestic emissions reductions, the Washington Free Beacon reports. Unfortunately, in practice this seems to mean funneling millions of dollars towards corrupt regimes with little if any oversight.
European leaders say they’re trying to prevent a global economic meltdown — yet insist on enforcing a policy that practically guarantees one. Here’s the European scheme that will have a devastating impact on you and your investments… no matter where you live!