Carbon trading 'not cutting CO2'

Last Modified: 07 Feb 2007
By: Tom Clarke

A Channel 4 News probe has found some carbon trading schemes rich countries pay into, may not be adding to global cuts in emissions.

Watch the report

In other cases they may, in fact, be damaging the local environment.

One of the main planks of tackling global warming is carbon trading between rich and poor countries.

That's where rich countries, like the UK, pay developing countries to cut their emissions - buying what's called 'carbon credits' from them, enabling the wealthy places to carry on emitting.

The whole scheme is called the Clean Development Mechanism or CDM.

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