How a Chinese company made hundreds of millions with fraudulent climate projects | DW News

German authorities approved dozens of climate projects in China that allowed firms to receive carbon credits. A DW and ZDF investigation found that these projects are likely fake and part of a large carbon credit scam.

DW Investigations head Mathias Bölinger spoke to us about the investigation's findings.

00:00 Massive carbon credit fraud uncovered in China
04:01 Mathias Bölinger explains more on the investigation

#china #germany #climatechange

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[dwnews]

To see DW Investigations full length report into this massive scam scheme, click the link!

[ciaochao]

Invested millions and never visited the site? Amazing

[hyuxion]

I have so many questions. First of all, why would Germany pay money for Chinese carbon projects? I mean, shouldn’t they only reward Germany projects?

[paololuckyluke]

With this degree of carelessness and inefficiency, no wonder Germany’s economy is going down the drain.

[shibbyobibbyo]

The level of incompetence is unfortunately not surprising these days. Germany nowadays is an entitled, lazy and bureaucratic nation living off of the hard work of their forefathers.

[babosing]

You give hundreds of millions and don't supervise it? Whose fault is that?

[cyberfunk]

Why is the German government paying anything or giving any credits that happen outside of Germany or EU at all? Seems like a no brainer to only offer these in places that are local and easy to check.

[dforbes]

They all knew they all shared the stolen money: Auditors, consultant companies, politicians.

[TMarkLenthall]

Don't feel so bad about sending $10, 000 to a Nigerian Prince now

[TomTom-cmoq]

I can imagine all the Chinese watching thing and laughing at the Germans.

[sneakymove]

Where is the due diligence on auditor, clean energy contractor before awarding the tender and funding?
3 people staff IS NOT an excuse for not having time to do your job

GERMAN Government must be investigated to make sure there is no money laundering, since one foreign company can get billion euro funds

[Lumumba_]

Anyone who was tricked isn’t fit for the job and should resign or be sacked!

[ShuntySK]

The idea of paying abroad for "clean projects" billions of euros is ridiculous, especially when Chinese economy is thriving and Germany`s is falling.If you have some extra billions, how about spending a few on Hydrogen researches to help saving your own car companies?

[Nathan-jhho]

Why do you guys subsidies foreign green measures anyways.

[maxfmfdm]

Bro in case the German government is interested I have saved approximately 1 billion tons of carbon and I am ready for my paycheck. I will also accept wire transfer. USD please.

[sneakymove]

Quickest way to plunge your own economy by funding billion public money to foreign companies. Bravo.

[IlkoGood]

How many lifes of common German folk was not improved in order to blindly toss that money out... Quality of management staff all over the world seems to dive in some hellish butthole.

[spotontheroad]

Even if it's not misused, carbon credits is a scam on the world

[bullpup]

You… have 3 people overseeing billions of dollars? And cannot be bothered to check satellite images? Boy they really must have too much money. Companies I know already make a fuss when you just want to spend a few hundred thousand dollars…

[Herocoldfinger]

Trick!? 🤣 Someone was getting kickbacks