Organised crime syndicates are eyeing the nascent forest carbon credit industry as a potentially lucrative new opportunity for fraud, an Interpol environmental crime official said on Friday.
Peter Younger, an environmental crimes specialist at the world's largest international police agency, was referring to a U.N.-backed scheme called reducing emissions from deforestation and degradation.
REDD aims to unlock potentially billions of dollars for developing countries that conserve and restore their forests. In return, they would earn carbon credits that can be sold for profit to developed nations that need to meet greenhouse gas emission reduction targets.
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