If I have said it once, I have said it twice, or maybe more.
Carbon trading = scam.
• Belgium alleges VAT scam over carbon emissions permits
• Europol fears fraud will be used in energy trading markets
The move came too late to stop the an estimated £5bn believed fraud, which critics argue has largely to have been siphoned off successfully by criminal gangs. In December, French authorities arrested four people suspected of a €156m carbon carousel fraud on France's BlueNext exchange. Britain lost about £10bn from VAT fraud in 2006 and 2007