Police claim EU carbon credit fraud has topped €5bn

clock • 2 min read

Europol estimates carbon credit VAT fraud carried out by organised criminals could have cost EU billions in lost tax revenue

The European police agency Europol has today revealed that the fraudulent trade in carbon credits that affected a number of countries over the past few months is far more widespread than previously thought...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Carbon Trading

Why 2026 is the year of opportunity for carbon markets

Why 2026 is the year of opportunity for carbon markets

The year ahead will shape the future of climate finance, as leaders decide how carbon markets are implemented in practice, writes Beatriz Granziera from The Nature Conservancy

Beatriz Granzier, the Nature Conservancy
clock 30 December 2025 • 4 min read
Law firm Clyde & Co announces innovative five-year carbon removal deal

Law firm Clyde & Co announces innovative five-year carbon removal deal

Clyde & Co partners with Nature Broking on pioneering balance sheet treatment that transforms sustainability investment from cost to asset

clock 27 November 2025 • 3 min read
Study: Voluntary Carbon Market increasingly seen as 'proven' route for driving climate action

Study: Voluntary Carbon Market increasingly seen as 'proven' route for driving climate action

Two-thirds of sustainability professionals trust recognised VCM standards, but 46 per cent stress clearer policy is needed to further scale the market

Stuart Stone
clock 04 November 2025 • 5 min read