Varm luft for milliarder

Overview

The EU's first climate quota was put up for sale in 2005. The idea was that trading quotas would reduce CO2 emissions and thus save the planet from global warming. But the system has collapsed, and Denmark has instead become the center of one of the world's fastest-growing scams. Experts and Europol estimate that treasuries across Europe lost up to DKK 70 billion to hackers and VAT fraudsters from around the world. And never before in human history have CO2 emissions been as high as they are now. The quota system has collapsed, and prices have fallen by 90%. It has therefore never been cheaper to pollute than it is today.

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