German carbon fraud investigation moves to UK

German prosecutors today confirmed they have arrested four people in Germany and the UK following raids on more than 50 homes and offices this week in connection with an alleged €180m (£156m) carbon fraud.

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EU kicks off latest carbon trading crackdown

The EU launched the latest phase of its clampdown on fraud in the carbon market yesterday, banning any trade in "recycled" carbon credits. The move is designed to avoid a repeat of last month's scandal that saw a number of firms purchase illegally traded emission allowances that had already been surrendered by other companies.

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