Utilities turn in blacklisted carbon emission credits • The Register

More prominent power generation outfits have surrendered stolen carbon emission permits after realising that they had inadvertently purchased illicit goods.

German utility Eon and Frankfurt-based infrastructure provider Infraserv turned in a collective total of 27,100 blacklisted EUAs (EU Emission Allowances). The certificates were among 186,500 EUAs and 46,000 certified emissions reductions (CERs) fraudulently obtained from German paper manufacturer Drewsen Spezialpapiere via a high-profile phishing scam late last year.

Don’t preach to the converted on carbon tax: it’s the money vote that matters (Science Alert)

Ironically, the only certainty in this whole mess is that doing nothing is the worst possible course not just environmentally but economically.

How do we know that doing something stupid and expensive is better than doing nothing?