Thursday, July 14, 2011

Carbon Trading Scheme: Carbon trading has its risks including fraud, warn experts

CARBON trading experts say there is potential for fraud in the global market, but checks and balances are improving.

Under the government's carbon pricing plan announced on Sunday, more than half of the emissions abatement to 2020 will come from companies buying it from overseas, at an estimated cost of $3 billion, with the remainder coming from Australian carbon farming and other initiatives.

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Carbon Trading Scheme: Carbon trading has its risks including fraud, warn experts

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