Carbon trading: gross incompetence, rule-breaking and fraud

The Guardian blows the whistle on a scam: carbon trading.

A Guardian investigation has found evidence of serious irregularities at the heart of the process the world is relying on to control global warming.

The Clean Development Mechanism (CDM), which is supposed to offset greenhouse gases emitted in the developed world by selling carbon credits from elsewhere, has been contaminated by gross incompetence, rule-breaking and possible fraud by companies in the developing world, according to UN paperwork, an unpublished expert report and alarming feedback from projects on the ground.

Related: The truth about Kyoto.