Here’s another bit of EU-sponsored propaganda, starring Mads Mikkelsen (the guy with the bleeding eye in Casino Royale, remember?).

For more gut-wrenching crap, visit FightClimateChange.eu.

Oh, and Mads, didn’t your mother tell you not to play with matches? Europe is so hot and dry now, you’ll start a fire.

The Telegraph reported:

One could not want a better vignette of the gulf that has opened up between our “political class” and the rest of us than a bizarre little item which emerged last week on an obscure part of the European Commission’s website. The British Government, as revealed by the EU’s Official Journal, has allocated £60 million of taxpayers’ money to be spent on buying carbon credits from the Third World for the use of government buildings and other official purposes – so that our civil servants can continue to benefit from the CO2 emissions needed to keep their offices warm and lit.

The Government has contracted to buy these credits, mainly available from China and India, through 10 British and foreign companies, including Barclays Bank and a branch of J P  Morgan rather oddly situated in a back street in Oxford.

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Several participants at an informal meeting of European environment ministers in Seville in southeastern Spain said the proposal must remain on the table in the wake of the failed Copenhagen summit to keep the momentum in global climate talks going.

“We definitely think we should maintain the 30 percent offer. We think it is very, very important. It has always been a conditional offer but it is a very important signal that it is maintained,” British Energy and Climate Change Minister Ed Miliband told reporters.

The 27-nation European Union had agreed ahead of the climate talks in Denmark to cut carbon dioxide emissions by 20 percent over the next decade from 1990 levels and to deepen those cuts to 30 percent if other nations followed suit.

But the offer failed to inspire other nations to raise their targets for emissions cuts as had been hoped.

This special offer is sure to send soon, so act now while supplies last!

Source: AFP.

Report by Raymond Frenken, EUX.TV

First, there was ClimateGate – the scandal with hacked emails suggesting scientists have abused data for research on global warming. Now, another international climate scandal is emerging that may have an impact on the talks in Copenhagen.
Europes top police body Europol, the closest thing that European Union has to the American Fbi, has exposed a massive fraud with the unions official market in carbon credits, the Emission Trading System.

The fraud is costing tax payers in a handful of European countries more than five billion euro – 7 billion dollars – and raises doubts about the effectiveness of carbon trading as a measure to curb emissions.

Europol director Rob Wainwright issued the following statement:
These criminal activities endanger the credibility of the European Union Emission Trading System and lead to the loss of significant tax revenue for governments.

Police authorities in Belgium, Denmark, France, the Netherlands, Spain and the United Kingdom have worked together in what Europol calls a process to identify and disrupt the organised criminal structures behind these fraud schemes.
Lets see if we can explain the scheme, using this graphic provided by Europol.

The fraud is based on a what is tax experts and investigators call as a Carroussel fraud with missing traders. This carroussel generates money by stealing value added tax from governments.
The first step of the criminals is to open a trading account with a national carbon registry, in the name of a newly registered company.

From there, this company buys EU emission allowances in another country on one of the six official carbon exchanges in Europe.

After that, these emission allowances are moved to another country, and subsequently sold to an unregulated broker in yet another country.

This broker then charges VAT on these transactions but does not pay the collected VAT to the tax authorities.
Just before the tax authorities realize that this company owes them huge amounts of VAT, basically a period of a few months, the company and its owners disappear.

A new company is set up, using other front men, to repeat the carroussel. Crime rings that run such schemes can have several dozen or hundreds of companies whose real owners are difficult to trace.

Basically, this type of fraud is possible because European countries continue to disagree on single market tax legislation. Carroussel fraud is a constant feature in the European cross-border market and until recently only happened with shipments of valuable goods such as iPods or flat-panel tvs, not with carbon credits.

Europes tax commissioner, in an interview with EUX.TV, has estimated the damage from these carroussel frauds at more than 60 billion euro per year as Euroean finance minister continue to disagree on effective measures to fight this fraud.
The Emission Trading System system was set up in 2005 as part of Europes efforts to curb emissions of greenhouse gases. That topic now is at the top of the agenda at the UN Climate summit in Copenhagen this week and next. This unprecedented and massive fraud is likely to prove a major embarrasment for EU negotiators.