Friday, July 31, 2009

[Stacked on top of climate fraud]: Carbon credits hit by carousel fraud
Carousel fraud has found its way to the carbon market. The particularly European type of fraud entails setting up complicated import and export schemes between EU member countries, charging buyers for value-added tax in the country of destination, and then absconding with the tax rather than handing it over to the governments.
[How many Pennsylvania solar panels would it take to power a race car for 500 miles?]:  Nascar Track Has Big Plans to Go Solar - NYTimes.com
Track officials said they would announce the project with a groundbreaking ceremony on Friday, two days before the Sunoco Red Cross Pennsylvania 500 at the track in Long Pond, Pa.
...
The solar farm is expected to generate three megawatts once it is completed, in spring 2010, making it Pennsylvania’s largest such facility, Igdalsky said. The project is expected to cost $15 million to $17 million but more than pay for itself over time.
China Shuts Small Plants - WSJ.com
China's economy has grown so fast that it has added on average an additional 70 gigawatts of power -- roughly equal to the power-generating capacity of France -- each year for the past few years.
[Is this really the measure of great ideas?] - WSJ
Cash-for-clunkers was such a great idea, it’s apparently running out of cash.

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