AP Finally Sees The Carbon Credit Scam

The world is slowly awakening from its Kool-Aid induced coma, and more people are realizing the scam that Al Gore and the U N are pulling with this carbon credit scheme. Even the mainstream media is picking up on the truth. If the Associated Press will print this, maybe there is hope for us after all.

XIAOXI, China – The hydroelectric dam, a low wall of concrete slicing across an old farming valley, is supposed to help a power company in distant Germany contribute to saving the climate — while putting lucrative “carbon credits” into the pockets of Chinese developers.

But in the end the new Xiaoxi dam may do nothing to lower global-warming emissions as advertised. And many of the 7,500 people displaced by the project still seethe over losing their homes and farmland.

“Nobody asked if we wanted to move,” said a 38-year-old man whose family lost a small brick house. “The government just posted a notice that said, ‘Your home will be demolished.'”

The dam will shortchange German consumers, Chinese villagers and the climate itself, if critics are right. And Xiaoxi is not alone.

Similar stories are repeated across China and elsewhere around the world, as hundreds of hydro projects line up for carbon credits, at a potential cost of billions to Europeans, Japanese and soon perhaps Americans, in a trading system a new U.S. government review concludes has “uncertain effects” on greenhouse-gas emissions.

One American expert is more blunt.

“The CDM” — the 4-year-old, U.N.-managed Clean Development Mechanism — “is an excessive subsidy that represents a massive waste of developed world resources,” says Stanford University’s Michael Wara.

Forced relocations have become common in China as people in hundreds of communities are moved to clear land for factories and other projects, provoking anger and occasionally violent protests. But what happened here is unusual in highlighting not just the human costs, but also the awkward fit between China’s authoritarian system, in which complaints of official abuse abound, and Western environmental ideals.

Those ideals produced the Clean Development Mechanism as a market-based tool under the Kyoto Protocol, the 1997 agreement to combat climate change. The CDM allows industrial nations, required by Kyoto to reduce emissions of gases blamed for global warming, to comply by paying developing nations to cut their emissions instead.

I’m hoping someday soon Al Gore will be prosecuted for the fraud that he is. But I’m not holding my breath, he’s been a fraud all his life.

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