FSA warns of carbon credit scams

It specifically highlighted the risks of investing in voluntary emission reductions (VERs), which are "increasingly being promoted to UK investors". A carbon credit is a certificate or permit which represents the right to emit one tonne of carbon dioxide and they can be traded for money. The FSA said most of the schemes involve cold calling, with targets being told they could profit at a time when industries are having to off-set their emissions and governments are focusing on green developments. Although it stressed not all carbon credit schemes are scams, it added "experience and...