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"The report shows that while IETA has blamed a “lack of action from the side of the regulators” for the cases of carbon fraud, its lobby strategy has been driven by a desire to find new opportunities for speculation by whatever means are necessary.
In January 2011, the European Commission halted trading on a key part of the carbon market after the latest in a series of large fraud cases was uncovered.
According to Carbon Trade Watch, less than a month later and with the suspension still partly in place, the International Emissions Trading Association (IETA, the main carbon traders’ lobby group) was privately insisting to Brussels officials that “there might be no need to regulate this market”. (H/T Climate Depot)
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