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German authorities approved dozens of climate projects in China that allowed firms to receive carbon credits. A DW and ZDF investigation found that these projects are likely fake and part of a large carbon credit scam.
When Stefan Schreiber decided to invest in a carbon emission reduction project with a Chinese company, he was convinced he was dealing with a trustworthy business partner. "They made a very professional impression: the way they presented themselves, the way they communicated," he said.
DW met Schreiber in a meeting room at his company's plant in Schwedt, a town near Berlin. The office overlooked huge pipes and tanks, and trucks trundled past. Schreiber is a board member of Verbio, a German biofuel producer that also trades carbon certificates.
Read more on dw.com (watch the videos)
