Yes, they are definitely a way forward, one of the most important mechanisms to monetize and thus solve the climate change. We need to use best-bang-for-buck principle to use the least amount of money to eradicate the most amount of (fossil) carbon out of circulation. Your open reporting is crucial in making the carbon offsets work! Thank you. The history has many mechanisms which had flaws but are working just fine nowadays. This just like democracy and the origin of nations: transparency of towards dirty past create healthy and robust future and national identity, that nobody can smear. Populists can't fathom this.
@@savejeff15 They have a miniscule staff and budget. By design. If these agencies were actually set up with a proper budget and motivated and competent individuals, who knows what the results would be?! Can't let that happen.
It is usually acted incompetency. Usually, the scammers are directly financed by CCP and bribe officials when making business. I will ask how come these incompetent people who fail their targets get promoted, better business opportunities and end up richer than they were before. It is corruption masked as incompetence. Scholz overseeing the Wirecard which was his favorite project according to his own words ended up not knowing anything about a fraud of 20 billion. Next, he Becomes prime minister of Germany. Ursula Van der Leyen makes the German army a laughing case and becomes head of European union. They hit their set targets for their political party whose goals do not need to match with the goals of the country's population. The talk about no connection to the CCP is total garbage. There is no bigger business in China that is not controlled by CCP. Small businesses are controlled locally by the community officials and as these companies grow and become more important their handler becomes a higher ranking CCP official. From the governor of the region to the ministers and maybe end up under direct influence of the prime minister. Try starting a company in China without the government involved and getting a permit for anything. In the start everything runs like a dream. After a year or two when they figure out how you operate, they will copy your business model. Create their own factory, steal your customers and suppliers and offer a cheaper version of your product. If that is not enough to run you out of business, they will start making up fees and regulations to make you lose money.
And if we just stop for one second and imagine how many family businesses, how many workers in factories and how many teachers, nurses and doctors have worked to pay those billions that the government don’t value and just give away. It makes me very angry.
That is the working of the whole of Europe today. A whole Continent of lazy People that want you to serve them without knowledge of what they're eating.:-):-) no boby check for anything anymore😂
Huh? They literally spent thousands to fly someone over and visit them.But apparently it wasn't enough.They just never expected, that 2 reputable German companies would fraud them.
either germans are stupid or they are corrupt, second one is more likely, you dont go to project site before approving the projects, is a clear case of corruption
Because Germans are environmental hypocrites, they claim they're gonna save the planet, remove nuclear, power, our only green way of producing power, turn the coal power planta back on (whoops, we happen to have a coal industry in Germany, bollocks!), and then launder a bit of money to say they're offsetting it
What this video showed is that DW, is doing a better job at validating and verifying the qualifying projects than a country's organisation who is receiving thousands if not millions of euros for this job. Including the companies who are just paying money to shift the problem of their emissions somewhere else and don't care how it works. This shows how seriously they take their emissions. How a whole scheme is created and after four years of operation, it starts to realise they do not have a validation team/procedure, is amazing.
companies in Europe are scams too. They just gave 1 million euros to a scam company in China . But they wrote that they paid 10 million euros in carbon credits.😂😂They help each other
Aah yeah it is a scam from one side! There is not a single German person involved, really? DW investigated the German authorities? Or DW just assumed that they are dumb and not corrupt too?
As a German citizen i think the politocians and people who approved this should be in jail and working there until they have payed us all this money back. If it is their whole lifetime thats still okay.
Obviously you haven't crunched the #'s , Schmidt. Working from jail as one convicted is probably much less lucrative than U might imagine. There is NO CHANCE it could possibly be paid back even with several lifetimes. As a German citizen you should probably stick to your own area of expertise
@@bubstacrini8851 and you should stick to your area of expertise of talking nonsense. Throwing away tax payers money when so many are in poverty and so many cannot afford a home in one of the top economies of the world is a disgrace. People do not forget, if they keep seeing their life getting worse each year and the perpetrators of this corruption always throwing money (never facing any repercussions) and not helping the situation in their homeland they will vote for AfD in waves. there is a reason they keep growing up each year.
@@bubstacrini8851 sure they wouldn't pay it back while working in prison but at least they would spend the rest of their live in prison and that would prevent further damage from the German citizens.
The penalties for such frauds should be exorbitant. Leading to bankruptcy of both the auditing company and the managers who made decisions. Otherwise, there will always be someone willing to Volkswagen the results.
yeah, like the auditing companies, who knew for years, that in the usa the bank are involved in subprime lending were auditing this junk bonds as AAA... this is not how the world works. the politicians are also involved in this whole mess, of course nobody will be punished, maybe beside the cleaning lady of the building of the auditing firm.
@@Drunken_Masterit takes two to tango, as pointed out in the video, those two audit companies are reputable but still commit fraud, they have to bear the consequences too
How can an agency approve 66 projects in China worth 2 billion Euros and not visit one single project even once??! How can it be that only 3 agency workers are supporting this massive scheme worth 2 billion Euros? Why do they trust only two small private companies to audit a majority of these projects worth hundreds of millions? This is negligence in the best case and outright fraud in the worse case.
Because even themselves already knew it’s a BS case to start with. Why Chinese tax payers not paying carbon taxes to rest of the world as biggest polluters in history. ??
Carbon offsets have always either been either unreliable or a scam. You can genuinely plant a forest of trees that never grow or are consumed in a forest fire. Invest the money directly in renewables where you can see the benefit.
One word: Bureaucracy! When things are too complex, nobody wants to do it so they send their work to the other agency. In the bouncing between agencies somebody creates a weak link and exploits the system.
Do you think that the scam was only on the chinese side ? The part about not being able to check the project is an excuse for them being "fooled" as they pocket large bribes and get away scot free.
@@autohmae DW is paid for by all Germans. We are forced to pay for it per household - it is essentially a tax, we all have to pay. It's controversial as most Germans support the investigative portion of the program but are not willing to pay for the entertainment and pensions they spend most of their money on.
Ja, leider ist die 7 Jahrzehnte dauernde Volksverdummung durch die Globalisten jetzt vollendet. Und die im Video gezeigten Verbrecher machen nur dumme Gesichter... Eine Schande!
Another poor-tax, while rich bastards fly around in their planes. If something costs something, it means billionaires are entitled to or exempt from it. Like laws, justice and human rights.
@@thedopplereffect00 climate change is real. The scientific facts are there. The solutions to climate change ain't. They are just greenwashing schemes that do nothing to address climate change while increasing the tax burden on ordinary citizens. But hey, at least, authorities could pretend to care about the environment. Ultimately, it's consumers that are responsible; our habits for self indulgence is what is driving climate change. We humans want our cake and eat it too.
This is current day Europe. Pointlessly stringent regulations on their own citizens, an incredible level of naiveness and no problems shifting 2B euros of subsidies to China with close to zero hesitation.
@@franz-peterkayser722 the companies didn't fall for it, they still got their credits. The politicians who implemented the carbon credit system are the ones getting defrauded. But they don't really care, they're using tax payer money and not their own.
@@franz-peterkayser722the companies were purchasing a green credential, not a project. Why should they care what happens with the money once they possess the green credential?
@@franz-peterkayser722 Best guess: Companies pay from left hand to right hand, maybe losing some percentage, gets to circumvent the policy. Politician can claim the policy was great success. Win-win😆
The company only needs the green credits. The sellers only need the money. It's a win-win. The loser is everyone else who doesn't get to see a cleaner planet. A lot of business is like that really.
Physical inspection is one of the methods in identifying risk in risk management process, which I taught in my undergraduate classroom. When the industry didn't do this basic thing, it's not surprising that they were conned millions of euros. That's pretty daft
Bruh!! 😂 I won’t even buy certain things online like clothes because I HAVE to touch and see it in my hands. These idiots spend millions and never checked 😂. You deserve to get scammed if you’re that dumb
Well It is the Green party that and to supervise these activities .After all they are the ones they push this unrealistically agenda but having no expertise for it. Beside that knowingly or not that it was Russians plan to make Germany first dependent on their gas and closing the nuclear plants .
Especially for money going to foreign countries with a track record of lying and corruption. Government money wasted by our usual lefty loonies. These are the same people that will bang their heads back and forth that they feel Trump and others are a disgrace, yet their corruption is billions of wasted money going to empty chicken coups and no one checking it. It's laundered money of course.
The level of incompetence of these people is mind blowing. Handing out billions without even doing due diligence. At what point does incompetence become indirect complicity?
@@franz-peterkayser722 That's what he is talking about. The government didn't do it's due diligence because it wasn't their money that was spend there.
The Germans aren't stupid. They took bribes and used the distance as an excuse to approve projects. If a reporter doing videos on youtube can get their hands on those satellite images so do the Germans but they didn't want to. They pad the folder with fake data (like the wrong GPS) so it looks legit and hope nobody will look twice.
the problem is that in places like Europe they already had to clean-up a lot. So now they would have to request other, less developed, less rich but more polluting countries to clean-up. Which would be regarded... rude ;). So instead - they can support financially other countries to do the clean-up to catch up. That's the general idea. How it works... well...
@@infirmux it's a very capitalist attitude: I can buy my way out of making an effort. China produces far more solar panels, wind turbines and electric vehicles than Germany. Solar panels, wind energy, that's what reduces CO2, not individual projects. German car industry is literally fighting against strict CO2 regulation. No money can replace the damage from such actions.
The whole idea of carbon credits is to pollute in first world as the costs of cleanup is expensive, so that the burden to soak up carbon dioxide is shifted elsewhere preferably in a developing country where costs are much lower coupled with opague legal system in China. This is where fraud is allowed to foster outside one's jurisdiction.
it is much cheaper to avoid emissions in less developed countries. Accepting global projects brings the prices for credits down, which helps German consumers. Its just that noone expected the criminal engery of the German auditing companies.
It’s curious how anyone would payout before doing their due diligence? Sounds like there is also a counterparty on the German side…? I remember long time ago there was a case of a company selling a gold mine to a bigger mining company. It turned out they had an insider and when they sent the soil sample for test, they added additional gold nuggets into the soil sample. The acquiring company ended up paying lots of money for a gold less land.
@@word42069 These projects were validated by private German auditing companies (which is standard procedure) and only then approved by the German Federal Environment Agency. Later the "emission reduction" was verified by several audits of a second company. But here's the point: If the auditing companies either didn't do their job properly or were even in on the fraud - these fraudulent projects are approved.
@@word42069 why? in most of the countries the chinese company would pay in cash for the higher ranking officers in these western companies. if it is also the case here in germany i'm not sure, but i don't see any other explanation for your question.
@@word42069 companies in Europe are part scams too. They just gave 1 million euros to a scam company in China . But they wrote that they paid 100 million euros in carbon credits.😂😂They help each other
When the government demanded strict carbon reduction, Europe's heavy industry executives bought their way out. In retrospect buying carbon credits on Temu was not the great deal management pitched it as.
None of this was foreseeable. No, really. Because the word leichtgläubig isn't in any German dictionary. Once it is, the intelligent experts will learn of it and be on the lookout.
The carbon offset idea should have never been the solution in the first place... All it does is embolden the company who is purchasing them to not have to de-carbonize their work/supply chain by passing the responsibility off to someone else. If we want a cleaner world then it's going to take all of us working in the same direction.
I think the UN has a lot of scam artists working for it that’s why they pursue anything that can funnel money through their massive bureaucratic machine
@@veduci22 Of course it does. That's how it got adopted in the first place. That doesn't make the system any less of a Band-aid fix because they're simply kicking the proverbial can down the road. And when you have bad actors in the system, like is demonstrated in this video, it makes that road even longer and tougher.
I have no sympathy for a government department whose foundational system is broken. Internal auditing and validation should have been table stakes. Checkpoints should be part of the certification system with hard evidence. The body that designed the implementation of that agency and the representatives who voted for it should resign.
The whole German state bureaucracy is rotten to the core. No transparency, no accountability and systems dating to the 1870s. no idea how it ever was reasonably effective in the past..
@@AmitKumar-vx4hp They spend less taxes on this, because they didn't hire more people to check on those projects. And the fossil fuel firms paid less for the carbon credits since they were cheaper than real projects. The only real loser here was the climate, because they didn't actually prevent CO2 emissions.
This is such an eye-opener! The level of detail in uncovering this story is incredible. It's fascinating to see how small loopholes can lead to such massive consequences. Great investigative work!
Carbon credit is the way to show public how clean a company can be. Same goes to planting trees in different continents or carbon capture. It all works on paper and none in the real world.
This is still cheaper than having to meet the West's commitment to the less developed countries in their obligations to transition to a green economy. They will concoct all sorts of schemes to avoid paying their full share of their obligations to the developing world. The West made the Green Transition a JOKE by giving the private sector control of the decarbonisation process. They should learn from the Chinese government how to decarbonise.
@@unlostbro5694 China takes the money from the west, and plants the trees with the full knowledge that they'll be harvested in 15-25 years. We are paying China to manage their forestry industry: they could do that themselves!
Well, could you blame a company? It follows the rules and buys a paper that a law says, it needs to buy. The paperwork checks out, a reputable auditing company vouches for its veracity. What else should they do?
@@Naikomi95 I mean, you *could* just check the linked sources. The investigation entered search & seizure in July 2024. I'd suggest media is required to not publish any information whilst investigations are still on-going (for obvious tip-off reasons), so it makes sense that they would publish it now, when the core criminal investigation is presumably done and greenlit the publication.
This is like committing a crime in your country and then paying someone in another country to go to jail... bonkers system this carbon credit, there was another scamabout big cosmetic companies claiming green credits recently as well.
companies in Europe are part scams too. They just gave 1 million euros to a scam company in China . But they wrote that they paid 100 million euros in carbon credits.😂😂They help each other
Blame the entire carbon credits system. It was never a realistic solution. At least if it was just a carbon tax on those companies, the money would go to the government who -- in theory -- would make changes... although the government would probably also just allocate the money somewhere else.
How can you create a government agency that has a budget of several billion euros, yet not resource it to a degree that it can conduct proper due diligence before handing out the money. If it takes investigative journalists just minutes to get relevant satellite images to confirm that a plant was already up and running at the moment the fund application was submitted, then why can't the agency conduct a similar review? This tells more about German incompetency than Chinese firms cheating (I still condemn the frivolous applications).
UBA has a budget off less than ~200m€. Don't forget it was German Auditing companies who certified the fraud. And it was not the Government that handed out any money.
They privatised the auditing. This happens whenever a government agency let's some private entity do its job. The private company just does dodgy stuff.
in a situation like this, the auditing company should be sued for the amount lost by the german government because they were hired to do a job and didn't do it, which in itself, is a fraud.
Do you honestly expect anything else when you hand out money on the basis of "trust me bro"? There may indeed be laws preventing this, but since they only involve fines, the profit incentive is too strong. When you start sentencing CEOs to serve jail time, then the occurrence of deliberate fraud will decrease.
You spend millions of euros on building a plant in exchange for carbon credits. Neither you nor the audit company go to the construction site in China to check. Carbon credit buyers, auditing company, and the small Chinese company have to be all in it. Guess who gets the biggest share of the money 🙂
@@uhohhotdog the private firm in Germany doing the auditing and their Chinese compatriots...maybe there are even people in the government involved in this scheme lol
Great documentary please do more like this perfect volume levels from start to finish and added ambience sounds volumes were perfect (as most documentaries 98 percent of the time have a lot of audio spiking throughout) and great explanation of each segment easy to understand and to digest including great subtitles, keep up the good work we need more docs from you guys 🤍
4:34 I'm sorry but going on Google Maps and quickly checking whether listed coordinates are an actual big company HQ or just a chicken coupe isn't exactly rocket science even with PR China's map scrambling...
"The auditing is not done by the authorities but by private auditors" There's your problem! Never pay out if you have not verified for yourself that what you are paying out for is actually existent.
I think its not that easy: noone wants a huge government body that checks everything with a huge bureaucracy, and even government employees can be bribed.
Like buying beach front property on a 200m cliff eroding daily, " Don't worry give it 20 yrs and it will be beach level under water. Just build your home to float"
@@adamiskandar5107 Or in other words, always put clever regulartory policies in place to keep them in Check. E.g. they could have put more rules on the Auditors.
@@franz-peterkayser722 Who do you think control the government, generally speaking? The same corporations who do not want government regulations to interfere in their operations so that they are free to maximise profits. There must be another or better solution.
Today I watched a documentary about a German family stealing like 450,000 Acres of land from Namibia and now a Chinese firm is stealing Billions from Germany... hmm..
I’m not smarter than most people, I don’t have a university degree, I’m a privileged white 30-something man from a country that won’t feel the worst effects of warming anytime soon. AND STILL I KNEW this would become a widespread problem the second I first heard of carbon credits years ago. How is this something our large media outlets uncover now? How are these schemes still in use? Why does a “Planet A” team exist instead of it being the main story every day in every major publication? You usually do fine work. But the current systems and how society clings to them is frustrating to a degree I can’t even articulate. And you tackle the issues which is good, but not as good as spelling out that emissions are the whole issue and showing alternatives to the root causes.
Bruh, how come German authorities didn't send anyone to verify it on the field, then act surprised when some of the projects were frauds? For more than a billion Euro investment, it doesn't make sense that they just read the document or presentation from the third party companies and decided 'yeah that's looks legit enough, here's your stamp of approval'.
Well they DID send people, the auditors. That is how the modern world works. If you don't have people with the right know how to do a certain job, you pay the people that do. Governments work that way, companys work that way and if you ever payed a lawyer or other professional, you also work that way. The issue is how a network of fraudulent professionals could build up, bestowing trust upn one another.
This is so funny. This Chinese company is just a bunch of poor outsourced workers at the bottom. We all know the money is getting pocketed by the approval guys in a shady deal.
@@MolochDE I'm glad to see someone saying something sensible on this comment section. Telling from the comments, many commenters didn't even watch the video (or at least didn't do so with thought), and just vent their anger, throwing the blame towards every other German involved except those who actually did something unequivocally wrong (committed a crime): the auditors.
This attitude is here in Canada as well. The government spends money on crazy things like free opiates for drug users and cuts benefits available to fragile elderly. My government admits migrants on terror lists and gives them government jobs.
Didn't you watch the clip? The private company that filed carbon credits for those facilities and the certification firms that signed off on them defrauded the government and the people. But i would agree with incompetency. They should have assigned more personal to those projects and validate them themself.
@@Psi-Storm Don't try and excuse these fools. They are supposed to be professionals. They trusted Chinese inspection firms? ROFL. And their response is "Oh, they fooled us!! How could they" sniffles, sniffles. And why TF are European tax dollars going to China for carbon offsets? In essence what they are doing with that money is buying Chinese better equipment as a gift. This is insane. If Chinese (as in China) tell you "trust me bro", you can wipe your buttock with it. Oh, I'm too angry about this, and it's not even my money.
The Clean Energy Regulator in Australia sets out very strict methodologies for how to measure carbon farming and the credits is issued for carbon offsets. The validation audits are carried out by approved third parties but the data submitted must follow a strict set of methodologies and is verified by the regulator as well. How is the German regulator so lax ?
I think the conspirator and mastermind behind this scheme was Germans themselves. because this will have to come under the initiatives of Germans knowledge of the Industry.
With how there exists a legendary affiliation with bureaucracy amongst the German zeitgeists of all generations, I am shocked there is no governmental paperwork inquisition
This is 100 layers of stupid. Mindlessly sending billions without verifying ANYTHING first hand at the plants, the level of incompetence is astounding.
Companies in Germany sought an alibi in China for carbon projects they never carried out and authorities in Germany never checked the authenticity of the projects. Isn't that amazing?
another problem at scale. when organizations get too big, nobody is responsible for crucial tasks and it becomes a "not my money" scenario. government and corporate waste is too much
It's not a scam, it works well when not abused, a developed country will have companies that are already trying their hardest to be green while developing countries have companies that can't afford to use the latest green technology, so you give the developed company leeway (credits) if they pay or help the poor company to become greener.
Investment in overseas, need to hire home auditor to do an inspection and verification. Even the financial reports they are providing, yet still hire home auditor to do another round of audit.
They are the worst First World fools. All in the woke name of carbon reduction at any cost. Hilarious. In the meantime, Germany’s manufacturing sector is collapsing. Soon Germany will be a Third World country. Fools and their money…..
Compensations abroad will close to always end up like this. This is why I never ever pay more for a product (i.e. flight ticket or so) with a promise I cannot prove myself. Carbon reductions has to be here in front of my eyes.
As a German this level of incompetence is common here. The time that passes until fraud is noticed is crazy and once it is noticed it's usually too late and they have no real means of prosecuting the people involved.
Hey Kay! The public prosecutor in Berlin has opened an investigation and has searched the offices of three German auditing companies. The German Environment Agency has commissioned a law firm to investigate the auditors in Germany as well as the project sites in China and the company likely behind the fraud. We know that the German authorities have contacted the Chinese authorities - but to our knowledge with no effect so far.
@DWPlanetA "But to our knowledge with no effect so far" Yea. Exactly. As always. Nothing will come of it. Maybe some local scapegoats but that's it. The real frauds made off with the money and will never be heard of ever again.
Surely, a billion dollar project without even a single visit to at least one site? Even for promotional purposes only? Some people are really meant to stay inside their offices and boardrooms only!
Do you think carbon offsets are the way forward - or is it too easy to misuse them?
Slowly waking up to the real world? Nobody is shocked, except for government left wing stooges like DW. Good reporting, all the same.
Its not, brign back nuclear, fund more renewables. stupid old germans are so hesitant to new things and changes
They are entirely too easy to misuse.
No paperwork will ever make CO2 go underground
Yes, they are definitely a way forward, one of the most important mechanisms to monetize and thus solve the climate change. We need to use best-bang-for-buck principle to use the least amount of money to eradicate the most amount of (fossil) carbon out of circulation. Your open reporting is crucial in making the carbon offsets work! Thank you. The history has many mechanisms which had flaws but are working just fine nowadays. This just like democracy and the origin of nations: transparency of towards dirty past create healthy and robust future and national identity, that nobody can smear. Populists can't fathom this.
You approve subsidies worth of around 2b euros and you don't have the means to go on-site even once or check satellite images... Mind blowing..
because they are part of the game
It's not that they can't, it's that they don't want to. If you don't look, everything is going as advertised
@@savejeff15 They have a miniscule staff and budget. By design. If these agencies were actually set up with a proper budget and motivated and competent individuals, who knows what the results would be?! Can't let that happen.
@@philipk4475they clearly have the budget if they have 2 billion just laying around...
And in another country nvm controversial Xinjan Provins
"Nobody checks anything" is not a loophole. It's incompetency
No, that a lefty system!
Or Professionalism to scalp billions of tax money ;) they are not dumb at all...far away from incompetency...it's inside jobs
That's THEIR democracy. They can't stop talking about THEIR democracy. If votes would change anything this wouldn't happen!
It is usually acted incompetency. Usually, the scammers are directly financed by CCP and bribe officials when making business. I will ask how come these incompetent people who fail their targets get promoted, better business opportunities and end up richer than they were before. It is corruption masked as incompetence.
Scholz overseeing the Wirecard which was his favorite project according to his own words ended up not knowing anything about a fraud of 20 billion. Next, he Becomes prime minister of Germany. Ursula Van der Leyen makes the German army a laughing case and becomes head of European union. They hit their set targets for their political party whose goals do not need to match with the goals of the country's population.
The talk about no connection to the CCP is total garbage. There is no bigger business in China that is not controlled by CCP. Small businesses are controlled locally by the community officials and as these companies grow and become more important their handler becomes a higher ranking CCP official. From the governor of the region to the ministers and maybe end up under direct influence of the prime minister.
Try starting a company in China without the government involved and getting a permit for anything. In the start everything runs like a dream. After a year or two when they figure out how you operate, they will copy your business model. Create their own factory, steal your customers and suppliers and offer a cheaper version of your product. If that is not enough to run you out of business, they will start making up fees and regulations to make you lose money.
Like it wasnt on purposse right? And they will play victim other couple decades right? Arent they also victim-blaming the german public?
That's either pure incompetence or pure corruption.
It pure corruption not incompetence.
Maybe even… both ?
Both incompetence AND corruption.
Both
It's highly competent corruption that will end up getting brushed up as "oopsie we are incompetent please don't jail us"
And if we just stop for one second and imagine how many family businesses, how many workers in factories and how many teachers, nurses and doctors have worked to pay those billions that the government don’t value and just give away. It makes me very angry.
indeed.
It's crazy to imagine sending a company millions of dollars but not spending a few thousand to fly someone over and visit them in person
Billions, not millions
That is the working of the whole of Europe today. A whole Continent of lazy People that want you to serve them without knowledge of what they're eating.:-):-) no boby check for anything anymore😂
Huh? They literally spent thousands to fly someone over and visit them.But apparently it wasn't enough.They just never expected, that 2 reputable German companies would fraud them.
I triple check every time I buy from a new website to make sure its not a scam
These people didnt even single check billions of euros
they are getting their share too! German projects are heavily corrupted all over the world. For example, the broken dam of Brazil
The only reason why you had a whistle-blower is because he didn't get his bribe! 😂
😂😂
It's a big club
And he's ain't in it..
Valid point!
😂😂
either germans are stupid or they are corrupt, second one is more likely, you dont go to project site before approving the projects, is a clear case of corruption
🤣🤣🤣
I'm pretty sure all the involved parties received their shares. That's how it works.
It's called greenwashing.
Thats why they are tight lipped.
That's how government works either they are too idiot or there is a bribe.
germans are bunch of suckers 🤣🤣😂
Yep, corruption its a circle
That's why i'm a big fan of investigative journalism!
I don't know why Germany would pay for carbon offset in some other country. This is like begging to get defrauded.
MONEY LAUNDERY
😂
Maybe it is to enable german companies to fulfill unrealistic (or otherwise devastating) emission targets.
And in China of all places. You have all of Eastern Europe Or North Africa where things can be easily verified.
Because Germans are environmental hypocrites, they claim they're gonna save the planet, remove nuclear, power, our only green way of producing power, turn the coal power planta back on (whoops, we happen to have a coal industry in Germany, bollocks!), and then launder a bit of money to say they're offsetting it
What this video showed is that DW, is doing a better job at validating and verifying the qualifying projects than a country's organisation who is receiving thousands if not millions of euros for this job. Including the companies who are just paying money to shift the problem of their emissions somewhere else and don't care how it works. This shows how seriously they take their emissions. How a whole scheme is created and after four years of operation, it starts to realise they do not have a validation team/procedure, is amazing.
companies in Europe are scams too.
They just gave 1 million euros to a scam company in China . But they wrote that they paid 10 million euros in carbon credits.😂😂They help each other
Aah yeah it is a scam from one side! There is not a single German person involved, really?
DW investigated the German authorities? Or DW just assumed that they are dumb and not corrupt too?
Nothing new here, it's called pushing the problem away, or the cost of doing business. You pay a small amount to not be annoyed by the law.
@@carkawalakhatulistiwano one cares, very simple.
crazy that companies don't need to verify, when they claim to have carbon reduction
As a German citizen i think the politocians and people who approved this should be in jail and working there until they have payed us all this money back. If it is their whole lifetime thats still okay.
Obviously you haven't crunched the #'s , Schmidt.
Working from jail as one convicted is probably much less lucrative than U might imagine. There is NO CHANCE it could possibly be paid back even with several lifetimes.
As a German citizen you should probably stick to your own area of expertise
@@bubstacrini8851 and you should stick to your area of expertise of talking nonsense.
Throwing away tax payers money when so many are in poverty and so many cannot afford a home in one of the top economies of the world is a disgrace.
People do not forget, if they keep seeing their life getting worse each year and the perpetrators of this corruption always throwing money (never facing any repercussions) and not helping the situation in their homeland they will vote for AfD in waves.
there is a reason they keep growing up each year.
I am sure the people who approved this project were properly rewarded financially.
@@bubstacrini8851 sure they wouldn't pay it back while working in prison but at least they would spend the rest of their live in prison and that would prevent further damage from the German citizens.
@@bubstacrini8851 So where is the damn justice? Or still Germany is the third Reich?
much respect for DW planet for their investigation and uploading this video
The penalties for such frauds should be exorbitant. Leading to bankruptcy of both the auditing company and the managers who made decisions.
Otherwise, there will always be someone willing to Volkswagen the results.
yeah, like the auditing companies, who knew for years, that in the usa the bank are involved in subprime lending were auditing this junk bonds as AAA...
this is not how the world works. the politicians are also involved in this whole mess, of course nobody will be punished, maybe beside the cleaning lady of the building of the auditing firm.
How about punishing the Chinese scammers?
@@Drunken_Master Sounds good, but doesn't have a chance to work.
German authorities have no power there.
Chinese will not care.
@@Drunken_Masterit takes two to tango, as pointed out in the video, those two audit companies are reputable but still commit fraud, they have to bear the consequences too
My how the reputation of Volkswagen has fallen since the 1960s when people adored the Volkswagen Beetle and the
Volkswagen (hippie) van.
How can an agency approve 66 projects in China worth 2 billion Euros and not visit one single project even once??!
How can it be that only 3 agency workers are supporting this massive scheme worth 2 billion Euros?
Why do they trust only two small private companies to audit a majority of these projects worth hundreds of millions?
This is negligence in the best case and outright fraud in the worse case.
Because even themselves already knew it’s a BS case to start with.
Why Chinese tax payers not paying carbon taxes to rest of the world as biggest polluters in history. ??
The same way the US pentagon still can't account for billions of missing dollars. It's just incompetency bro..
strange, usually governments are so smart, transparent and honest
我只能说欧洲人太有钱了！
@@pocket_full_of_beans pretty same scandal than Wirecard, but it was Manilla not remote China
Experts in carbon trade = Experts in stealing money
Carbon offsets have always either been either unreliable or a scam. You can genuinely plant a forest of trees that never grow or are consumed in a forest fire. Invest the money directly in renewables where you can see the benefit.
Experts in nothing
the 4 ways of spending money by Milton Friedman
Just ask Tesla selling carbon credits to Chevron and Exxon Mobil
thats how money loundering works, they send money to china and play victim
One word: Bureaucracy!
When things are too complex, nobody wants to do it so they send their work to the other agency. In the bouncing between agencies somebody creates a weak link and exploits the system.
They cannot check details regarding ... 2 billion euro subsidies ...
But you paid 20 euro less tax last year you are going to jail for it
Do you think that the scam was only on the chinese side ? The part about not being able to check the project is an excuse for them being "fooled" as they pocket large bribes and get away scot free.
But the government didn't pay 2 billion euros. It was for carbon credits
Tax payers' money. They don't care.
The labor party is let Germany become China’s toys
This is why we need to support investigative journalism👍
Do you pay for journalism ?????! You know, in the past people bought newspapers. How about you ?
@@autohmae DW is paid for by all Germans. We are forced to pay for it per household - it is essentially a tax, we all have to pay. It's controversial as most Germans support the investigative portion of the program but are not willing to pay for the entertainment and pensions they spend most of their money on.
@@KevinCarstens I'm pro-public broadcasting, etc. and I'm kind of surprised to see how Germans might have such a nuanced opinion on this.
@@autohmae Yes, I'm a paid subscriber to one of my countries top newspaper
@@KevinCarstens So it's like the BBC then with the license fee? In Portugal we pay a fee via the electricity bill, roughly €3 contribution/month.
We Germans really became a big joke in the world. So sad.
poor German tax payers. what an embarrassment
Ja, leider ist die 7 Jahrzehnte dauernde Volksverdummung durch die Globalisten jetzt vollendet. Und die im Video gezeigten Verbrecher machen nur dumme Gesichter... Eine Schande!
@@kaesekrustechannel it’s really not such a recent thing. just don’t get to upset about it. We all know where that can lead you guys 🤫
@@johnfranks9271 Trump says hi..
Others are not as honest and hardworking as you are..
"How a bullshitter bullshitted another bullshitter" could be an alternative title for this investigation...
Carbon credits is such a disgusting idea
Another poor-tax, while rich bastards fly around in their planes. If something costs something, it means billionaires are entitled to or exempt from it. Like laws, justice and human rights.
Sending to another country is even crazier
@@thedopplereffect00 climate change is real. The scientific facts are there.
The solutions to climate change ain't. They are just greenwashing schemes that do nothing to address climate change while increasing the tax burden on ordinary citizens. But hey, at least, authorities could pretend to care about the environment.
Ultimately, it's consumers that are responsible; our habits for self indulgence is what is driving climate change. We humans want our cake and eat it too.
@@thedopplereffect00 all evidence points to climate change happening, at most we can argue about if humans are the cause.
it's definitely a delay tactic to not invest in doing actually changes.
This is current day Europe. Pointlessly stringent regulations on their own citizens, an incredible level of naiveness and no problems shifting 2B euros of subsidies to China with close to zero hesitation.
it is your naiveness surprises everyone, how a small chinese company pull off this fraud without the help of oil company in europe?
naiveness hahaha sure
Global warming is a scam and this scam just builds on it.
Yep,because the whole operation was done by self-servers on all sides.
Its a buisness model. And this case is just the tip of the iceberg.
These countries are dying and their priority is reducing global carbon emissions by 0.01%
The whole sceme is nuts. Only naive people who don't spend their own money fall in this kind of trap.
But you do know that the companies buying the credits did spend their own money?
@@franz-peterkayser722 the companies didn't fall for it, they still got their credits. The politicians who implemented the carbon credit system are the ones getting defrauded. But they don't really care, they're using tax payer money and not their own.
@@franz-peterkayser722the companies were purchasing a green credential, not a project. Why should they care what happens with the money once they possess the green credential?
@@franz-peterkayser722 Best guess: Companies pay from left hand to right hand, maybe losing some percentage, gets to circumvent the policy. Politician can claim the policy was great success. Win-win😆
The company only needs the green credits. The sellers only need the money. It's a win-win. The loser is everyone else who doesn't get to see a cleaner planet. A lot of business is like that really.
In Romania we say Hoțu strigă hoțu! -> The thieves shout “Thief!”
And you believe no German is involved in this scam ...come on grow up
For sure.. politicians already got money in Singapore, Swiss.. and offshore islands 😂
They are pointing to the auditor companies which are German. It sounds to me like they are even the organizers of the scam.
I bet the Germans who worked in that Auditing Company already leaving Europe
@@jal051 The headline sound like China faults.
@@kongwee1978 what do you expect from dw? 😂
Physical inspection is one of the methods in identifying risk in risk management process, which I taught in my undergraduate classroom. When the industry didn't do this basic thing, it's not surprising that they were conned millions of euros. That's pretty daft
Bruh!! 😂 I won’t even buy certain things online like clothes because I HAVE to touch and see it in my hands. These idiots spend millions and never checked 😂. You deserve to get scammed if you’re that dumb
I work in the same industry, no investors are as sloppy as this, let alone German companies spending a billion euros. Must be corruption.
Pretty sure the 'sub-prime' banks of 2008 commissioned their own accounting audits & credit ratings, and that worked out great.
pretending this is a simply a loophole that is being taken advantage of is foolish. the incompetency is astounding.
Well It is the Green party that and to supervise these activities .After all they are the ones they push this unrealistically agenda but having no expertise for it. Beside that knowingly or not that it was Russians plan to make Germany first dependent on their gas and closing the nuclear plants .
The Germans are getting kickbacks I bet
Especially for money going to foreign countries with a track record of lying and corruption. Government money wasted by our usual lefty loonies. These are the same people that will bang their heads back and forth that they feel Trump and others are a disgrace, yet their corruption is billions of wasted money going to empty chicken coups and no one checking it. It's laundered money of course.
@ I buy that
Top notch research and journalism. Great work.
The level of incompetence of these people is mind blowing. Handing out billions without even doing due diligence. At what point does incompetence become indirect complicity?
Is it possible that this Chinese company is just made up of low-level outsourced workers who earn the least amount of money?
Funny how money is treated or not treated when the money at risk doesn't belong to the people making decisions.
You realise we talk here about private sector money, not government spending?
@@franz-peterkayser722Finally the end consumer will have to pay the bill.
@@franz-peterkayser722 private sector or not, the end shit is gonna be paid/suffered by the regular citizens.
@@franz-peterkayser722 That's what he is talking about. The government didn't do it's due diligence because it wasn't their money that was spend there.
@@Psi-Storm If they spend the money, it will be theirs
As a Chinese, I'm shocked that most foreigners don't know our criminals are world class!
😂
That’s quite funny😂.
On a different note, isn’t this a prime example of sheer incompetency and inefficiency on the part of enforcement agencies?
You're a Chinese ?
😄😁😆😂🤣 You are making laugh.
Who are you trying to fool. 😁😆🤣
The Germans aren't stupid. They took bribes and used the distance as an excuse to approve projects. If a reporter doing videos on youtube can get their hands on those satellite images so do the Germans but they didn't want to. They pad the folder with fake data (like the wrong GPS) so it looks legit and hope nobody will look twice.
😅😅😅
How could you approved on something and give out million $$ without seeing the physical project? Oh wait .. now everything can be purchased online
credits outside of Germany are insane anyway. Clean up your own mess, instead of financing other countries.
the problem is that in places like Europe they already had to clean-up a lot. So now they would have to request other, less developed, less rich but more polluting countries to clean-up. Which would be regarded... rude ;). So instead - they can support financially other countries to do the clean-up to catch up. That's the general idea. How it works... well...
@@infirmux it's a very capitalist attitude: I can buy my way out of making an effort. China produces far more solar panels, wind turbines and electric vehicles than Germany. Solar panels, wind energy, that's what reduces CO2, not individual projects. German car industry is literally fighting against strict CO2 regulation. No money can replace the damage from such actions.
The point is these guys otherwise will lose their fake jobs in Germany 😂
The whole idea of carbon credits is to pollute in first world as the costs of cleanup is expensive, so that the burden to soak up carbon dioxide is shifted elsewhere preferably in a developing country where costs are much lower coupled with opague legal system in China. This is where fraud is allowed to foster outside one's jurisdiction.
it is much cheaper to avoid emissions in less developed countries. Accepting global projects brings the prices for credits down, which helps German consumers.
Its just that noone expected the criminal engery of the German auditing companies.
It’s curious how anyone would payout before doing their due diligence? Sounds like there is also a counterparty on the German side…? I remember long time ago there was a case of a company selling a gold mine to a bigger mining company. It turned out they had an insider and when they sent the soil sample for test, they added additional gold nuggets into the soil sample. The acquiring company ended up paying lots of money for a gold less land.
My thoughts exactly. Why give the money before verifying the validity of the applicant.
@@word42069 These projects were validated by private German auditing companies (which is standard procedure) and only then approved by the German Federal Environment Agency. Later the "emission reduction" was verified by several audits of a second company. But here's the point: If the auditing companies either didn't do their job properly or were even in on the fraud - these fraudulent projects are approved.
@@word42069 why? in most of the countries the chinese company would pay in cash for the higher ranking officers in these western companies. if it is also the case here in germany i'm not sure, but i don't see any other explanation for your question.
@@word42069
companies in Europe are part scams too.
They just gave 1 million euros to a scam company in China . But they wrote that they paid 100 million euros in carbon credits.😂😂They help each other
ITS ALL ALL AT GERMANY SIDE ... PROJECT CAN BE ANYWHERE IN THE WORLD BUT THE BAD GUY MUST BE GERMANY
When the government demanded strict carbon reduction, Europe's heavy industry executives bought their way out. In retrospect buying carbon credits on Temu was not the great deal management pitched it as.
This is a very German problem “sure they cannot lie on the paperwork”.
You aid hundreds of millions and do not check the project in person? Might wanna try that next time.
Yes check and make sure they bribe everybody next time and don’t miss anyone again lol
None of this was foreseeable. No, really.
Because the word leichtgläubig isn't in any German dictionary. Once it is, the intelligent experts will learn of it and be on the lookout.
Probably because its China and you aren't allowed to inspect any company in Chian and show that China is just a massive fraud waiting to happen
The carbon offset idea should have never been the solution in the first place... All it does is embolden the company who is purchasing them to not have to de-carbonize their work/supply chain by passing the responsibility off to someone else.
If we want a cleaner world then it's going to take all of us working in the same direction.
It has been a fraud since it began in the early 2000s and anyobe could make carbon credits out of thin air with no proof at all
I think the UN has a lot of scam artists working for it that’s why they pursue anything that can funnel money through their massive bureaucratic machine
If you're using relatively modern tech then further "de-carbonization" is so costly that investing in projects abroad makes more financial sense.
@@veduci22 Of course it does. That's how it got adopted in the first place.
That doesn't make the system any less of a Band-aid fix because they're simply kicking the proverbial can down the road.
And when you have bad actors in the system, like is demonstrated in this video, it makes that road even longer and tougher.
@@veduci22 maybe the companies should then look into sustainability more than profit? If not then the government should punish them
I have no sympathy for a government department whose foundational system is broken. Internal auditing and validation should have been table stakes. Checkpoints should be part of the certification system with hard evidence. The body that designed the implementation of that agency and the representatives who voted for it should resign.
The whole German state bureaucracy is rotten to the core. No transparency, no accountability and systems dating to the 1870s. no idea how it ever was reasonably effective in the past..
Sadly, it is taxpayers' money. How much people pay taxes in Germany..
Reside? How about going to jail ... forever?
@@AmitKumar-vx4hp They spend less taxes on this, because they didn't hire more people to check on those projects. And the fossil fuel firms paid less for the carbon credits since they were cheaper than real projects. The only real loser here was the climate, because they didn't actually prevent CO2 emissions.
Also need to limit the amount of credits each audit company can review to a % of the total. Something like 20-25% to ensure 4-5 companies at least
This is such an eye-opener! The level of detail in uncovering this story is incredible. It's fascinating to see how small loopholes can lead to such massive consequences. Great investigative work!
That’s not a loophole that was a calculated fraud
A single company doing over 70% of projects should be a clear red flag.
Carbon credit is the way to show public how clean a company can be. Same goes to planting trees in different continents or carbon capture. It all works on paper and none in the real world.
This is still cheaper than having to meet the West's commitment to the less developed countries in their obligations to transition to a green economy. They will concoct all sorts of schemes to avoid paying their full share of their obligations to the developing world. The West made the Green Transition a JOKE by giving the private sector control of the decarbonisation process. They should learn from the Chinese government how to decarbonise.
It only works on paper if you're illiterate.
@@wilfdarr 我感觉在中国有用，毕竟世界上植树最多的地方，就是在中国，特别是新疆沙漠地区。
@@unlostbro5694 China takes the money from the west, and plants the trees with the full knowledge that they'll be harvested in 15-25 years. We are paying China to manage their forestry industry: they could do that themselves!
One thing's for sure, nobody EVER could have seen this coming 🤦♂
lmao
I hope German's charity funding is also not being defrauded
Frauds are everywhere, but getting fooled like that is outrageous! Fire the whole team, and stop the project
Can they? 😂
When the bribe doesn't reach everyone involved, a whistle blower is forced to roar from the den.
Yeah, someone blew the whistle in this case also.
Oil companies don't care if it was fake, as long as they get their carbon credits they're fine.
Well, could you blame a company? It follows the rules and buys a paper that a law says, it needs to buy. The paperwork checks out, a reputable auditing company vouches for its veracity. What else should they do?
Moving forward how do you prevent or close this loop holes?
Warum ist das „nur“ auf DW und nicht überall in den Schlagzeilen?
Weil es schon Jahre her ist
because DW did not get their bribes
Weil es niemand interessiert
Die ganze Idee das wir die Klima beanflussen können ist ein Illusion
weil es unangenehm ist -leuts wollen nicht hören dass ihr benzin teuerer wird
@@Naikomi95 I mean, you *could* just check the linked sources. The investigation entered search & seizure in July 2024. I'd suggest media is required to not publish any information whilst investigations are still on-going (for obvious tip-off reasons), so it makes sense that they would publish it now, when the core criminal investigation is presumably done and greenlit the publication.
This is like committing a crime in your country and then paying someone in another country to go to jail... bonkers system this carbon credit, there was another scamabout big cosmetic companies claiming green credits recently as well.
companies in Europe are part scams too.
They just gave 1 million euros to a scam company in China . But they wrote that they paid 100 million euros in carbon credits.😂😂They help each other
Blame the entire carbon credits system. It was never a realistic solution. At least if it was just a carbon tax on those companies, the money would go to the government who -- in theory -- would make changes... although the government would probably also just allocate the money somewhere else.
It is nothing like your analogy at all.
How can you create a government agency that has a budget of several billion euros, yet not resource it to a degree that it can conduct proper due diligence before handing out the money. If it takes investigative journalists just minutes to get relevant satellite images to confirm that a plant was already up and running at the moment the fund application was submitted, then why can't the agency conduct a similar review? This tells more about German incompetency than Chinese firms cheating (I still condemn the frivolous applications).
UBA has a budget off less than ~200m€. Don't forget it was German Auditing companies who certified the fraud.
And it was not the Government that handed out any money.
Thats what I call "German autism".
They privatised the auditing. This happens whenever a government agency let's some private entity do its job. The private company just does dodgy stuff.
Research grants from the German documents have way more mandatory documentation (e.g. delivery receipts) and monitoring.
because you earn many millions?
in a situation like this, the auditing company should be sued for the amount lost by the german government because they were hired to do a job and didn't do it, which in itself, is a fraud.
This is not a loop hole, more like leaving the bloody gate open.
Do you honestly expect anything else when you hand out money on the basis of "trust me bro"?
There may indeed be laws preventing this, but since they only involve fines, the profit incentive is too strong. When you start sentencing CEOs to serve jail time, then the occurrence of deliberate fraud will decrease.
You spend millions of euros on building a plant in exchange for carbon credits. Neither you nor the audit company go to the construction site in China to check. Carbon credit buyers, auditing company, and the small Chinese company have to be all in it. Guess who gets the biggest share of the money 🙂
Both parties are getting their piece of the cake .
What parties are you referring to?
@@uhohhotdog the private firm in Germany doing the auditing and their Chinese compatriots...maybe there are even people in the government involved in this scheme lol
Chinese bots defending China. The fraud happened in China and Chinese law applies in China. They're to blame
This is the Chinese government. 100%.
More people should know about this fraud
You can't blame people rushing to pick up the money if you stash cash unprotected at empty lots.
Great documentary please do more like this perfect volume levels from start to finish and added ambience sounds volumes were perfect (as most documentaries 98 percent of the time have a lot of audio spiking throughout) and great explanation of each segment easy to understand and to digest including great subtitles, keep up the good work we need more docs from you guys 🤍
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4:34 I'm sorry but going on Google Maps and quickly checking whether listed coordinates are an actual big company HQ or just a chicken coupe isn't exactly rocket science even with PR China's map scrambling...
I think this was not the location of the HQ, but the location of the equipment.
Greedy and corruption, sad that Germany came so low😢😢😢😢
I'm sure the German oil companies are genuinely surprised and devastated that this has happened... 🤣😂😈
The only serious penalty is jail time...
I guess whoever approved this in Germany getting cut from this scam.
The way China knows how to do these scans is by hacking. They hack the companies and then have all the information they need for the scam.
"whoever approved this" you idiots dont even watch the video. Youre just as careless as the people falling for the scams and auditing companies
"The auditing is not done by the authorities but by private auditors" There's your problem! Never pay out if you have not verified for yourself that what you are paying out for is actually existent.
I think its not that easy: noone wants a huge government body that checks everything with a huge bureaucracy, and even government employees can be bribed.
Like buying beach front property on a 200m cliff eroding daily, " Don't worry give it 20 yrs and it will be beach level under water. Just build your home to float"
You mean they should never trust private Capitalist Corporations?
@@adamiskandar5107 Or in other words, always put clever regulartory policies in place to keep them in Check. E.g. they could have put more rules on the Auditors.
@@franz-peterkayser722 Who do you think control the government, generally speaking? The same corporations who do not want government regulations to interfere in their operations so that they are free to maximise profits. There must be another or better solution.
I think this is what the saying "don't hate the player, hate the game" mean. The concept of carbon trading in itself is ridiculous.
Requesting China to handle carbon offsets is the most ridiculous idea I've ever come across.
It is the Chinese bulit real facilities to reduce carbon emissions, while Germans stole these pictures to defraud their government.
It is the Chinese bulit real facilities to reduce carbon emissions, while Germans stole these pictures to defraud their government.
I remember when Carbon offsets were first proposed and it was seen as an ability to commit fraud on a widespread scale even then.
If you scam an scammer is it still a scam?
it call dog eat dog.
It is corruption. If someone finds out, then blame it as a "scam", play the victim.
Good point! Germany is a scam 😂😂😂😂😂
Today I watched a documentary about a German family stealing like 450,000 Acres of land from Namibia and now a Chinese firm is stealing Billions from Germany... hmm..
It is not a good idea to justify wrongdoing with wrongdoing but gives fraudsters a blank check for their actions.
I’m not smarter than most people, I don’t have a university degree, I’m a privileged white 30-something man from a country that won’t feel the worst effects of warming anytime soon. AND STILL I KNEW this would become a widespread problem the second I first heard of carbon credits years ago.
How is this something our large media outlets uncover now? How are these schemes still in use? Why does a “Planet A” team exist instead of it being the main story every day in every major publication?
You usually do fine work. But the current systems and how society clings to them is frustrating to a degree I can’t even articulate. And you tackle the issues which is good, but not as good as spelling out that emissions are the whole issue and showing alternatives to the root causes.
Two words : Pure Corruption
China let the German become poor and take over much of the jobs
Fantastic example of investigative journalism doing what no one else will or can do. Congratulations to all involved in this project.
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And yet not the word corruption doesn’t come into the picture when it’s abundantly clear
Millionen Dollar Project but you can not expect that anybody actually visits these sites, that would be too expensive
Bruh, how come German authorities didn't send anyone to verify it on the field, then act surprised when some of the projects were frauds?
For more than a billion Euro investment, it doesn't make sense that they just read the document or presentation from the third party companies and decided 'yeah that's looks legit enough, here's your stamp of approval'.
Well they DID send people, the auditors. That is how the modern world works. If you don't have people with the right know how to do a certain job, you pay the people that do. Governments work that way, companys work that way and if you ever payed a lawyer or other professional, you also work that way.
The issue is how a network of fraudulent professionals could build up, bestowing trust upn one another.
Smells like money laundering... 💰
This is so funny. This Chinese company is just a bunch of poor outsourced workers at the bottom. We all know the money is getting pocketed by the approval guys in a shady deal.
Bcz they washed the money for themselves 😂
how can u all believe they china or chines people have something to do with this
@@MolochDE I'm glad to see someone saying something sensible on this comment section. Telling from the comments, many commenters didn't even watch the video (or at least didn't do so with thought), and just vent their anger, throwing the blame towards every other German involved except those who actually did something unequivocally wrong (committed a crime): the auditors.
I will build an oil well on Mars! Doesn’t the German government want to give me printed paper money?
Do you have any good friends in government? If you do, you will get a lot of money on your bank's accounts. You just need good friends!
An open door may tempt a saint. The Germans have made it too easy to circumvent the system.
It's so totally unfair, knowing so many elder and homeless people in Germany and Europe in general don't even have enough to put food on the table 😡
This attitude is here in Canada as well. The government spends money on crazy things like free opiates for drug users and cuts benefits available to fragile elderly. My government admits migrants on terror lists and gives them government jobs.
If you ever wonder why life is difficult now a days, this is why. Rampant incompetency and corruption in governments.
Didn't you watch the clip? The private company that filed carbon credits for those facilities and the certification firms that signed off on them defrauded the government and the people. But i would agree with incompetency. They should have assigned more personal to those projects and validate them themself.
@@Psi-Storm Don't try and excuse these fools. They are supposed to be professionals. They trusted Chinese inspection firms? ROFL.
And their response is "Oh, they fooled us!! How could they" sniffles, sniffles.
And why TF are European tax dollars going to China for carbon offsets?
In essence what they are doing with that money is buying Chinese better equipment as a gift. This is insane.
If Chinese (as in China) tell you "trust me bro", you can wipe your buttock with it.
Oh, I'm too angry about this, and it's not even my money.
The Clean Energy Regulator in Australia sets out very strict methodologies for how to measure carbon farming and the credits is issued for carbon offsets. The validation audits are carried out by approved third parties but the data submitted must follow a strict set of methodologies and is verified by the regulator as well.
How is the German regulator so lax ?
I think the conspirator and mastermind behind this scheme was Germans themselves. because this will have to come under the initiatives of Germans knowledge of the Industry.
The problem is more about the usage of that energy than the energy itself...
Edit. Btw, clean energy is an oxymoron.
With how there exists a legendary affiliation with bureaucracy amongst the German zeitgeists of all generations, I am shocked there is no governmental paperwork inquisition
This is 100 layers of stupid. Mindlessly sending billions without verifying ANYTHING first hand at the plants, the level of incompetence is astounding.
Companies in Germany sought an alibi in China for carbon projects they never carried out and authorities in Germany never checked the authenticity of the projects. Isn't that amazing?
Wait, you let the people selling you the services hire the auditor😂😂😂. Is like lettint the seller of a building do the inspection😂😂😂
another problem at scale. when organizations get too big, nobody is responsible for crucial tasks and it becomes a "not my money" scenario. government and corporate waste is too much
Am I the only person who thinks buying carbon credits was always a scam? I’d be more surprised if any of these are actually real.
It's not a scam, it works well when not abused, a developed country will have companies that are already trying their hardest to be green while developing countries have companies that can't afford to use the latest green technology, so you give the developed company leeway (credits) if they pay or help the poor company to become greener.
They must've read the book, "Bestechen, aber richtig. Mehr Erfolg durch Korruption".
😂😂😂
🤫🤣
Germany has enough money to visit smaller companies for days and check them for each tax-cent just to throw this money away to other countries.
those money never left the country, only changed some pockets.
Investment in overseas, need to hire home auditor to do an inspection and verification. Even the financial reports they are providing, yet still hire home auditor to do another round of audit.
3:59 "Organized under random letter combinations." So like all of the sellers on Amazon.
Zero audit, so who's fault is it then ?
the government are the ones who should do the Audit not the private German Companies.
The politicians that thought up this ridiculous scheme and voted it into law. The carbon credit system is a bad idea.
So much money with so little supervisions is inviting frauds.
Only Government money its not real😅
Private companies audit the projects... One of these words describes the problem.
Germany the laughing stock once again
You are murican😂
@ ya not giving billions to China for free. Also not buying Russian gas. Laughing. Stock.
agreed. germany keep tripping on the banana skin go woke go broke on full display. Clowns.
They are the worst First World fools. All in the woke name of carbon reduction at any cost. Hilarious. In the meantime, Germany’s manufacturing sector is collapsing. Soon Germany will be a Third World country. Fools and their money…..
Compensations abroad will close to always end up like this. This is why I never ever pay more for a product (i.e. flight ticket or so) with a promise I cannot prove myself. Carbon reductions has to be here in front of my eyes.
Where is the money and who goes to jail? Let me guess....
Auditing should never be done by private companies. This is incompetence, corruption and lazyness.
As a German this level of incompetence is common here. The time that passes until fraud is noticed is crazy and once it is noticed it's usually too late and they have no real means of prosecuting the people involved.
Hey Kay! The public prosecutor in Berlin has opened an investigation and has searched the offices of three German auditing companies. The German Environment Agency has commissioned a law firm to investigate the auditors in Germany as well as the project sites in China and the company likely behind the fraud. We know that the German authorities have contacted the Chinese authorities - but to our knowledge with no effect so far.
@DWPlanetA "But to our knowledge with no effect so far"
Yea. Exactly. As always. Nothing will come of it. Maybe some local scapegoats but that's it. The real frauds made off with the money and will never be heard of ever again.
It looks like magicians are in charge of the carbon credit. -+pooof+-
Surely, a billion dollar project without even a single visit to at least one site? Even for promotional purposes only?
Some people are really meant to stay inside their offices and boardrooms only!