In this week’s Corylated podcast Lindsey and Rachel discuss carbon markets. They begin with the ongoing UN climate conference (COP30) in Brazil and a recap of the current state of CO2 emissions and rollback on sustainable finance rules underway in the European Union. Next, they discuss the alleged $100 million fraud at Cookstove and how it adds to a chequered history of carbon credits. They then move on to outline the financial crime and fraud vulnerabilities of these instruments, as first set out in a 2013 report by INTERPOL and now being explored by the Royal United Services Institute (RUSI). Lindsey then explains the potential behind carbon market initiatives including Carbon Impact X and Carbonplace before the pair discuss how compliance professionals can help mitigate these financial crime risks.

Links

Global Carbon Budget | GCB 2025

Southern District of New York | U.S. Attorney Announces Criminal Charges In Multi-Year Fraud Scheme In The Market For Carbon Credits | United States Department of Justice

Scoping Corruption in Voluntary Carbon Markets

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