Germany Rejects Carbon Credit Certificates Over Alleged China Fraud

The German Environment Agency on Friday said it had rejected carbon credit certificates from eight projects over concerns about fraudulent emission-reduction reporting and certification in China. The so-called Upstream Emission Reduction (UER) projects are being used by oil companies to meet the European Union’s regulations and targets of reducing greenhouse gas emissions. Companies earn green credits by funding emission-reduction initiatives in oil production, such as a halt to gas flaring. The German Environment Agency, UBA, has been investigating…