The report is about the administration of the Danish Emission Trading Registry. In Europe VAT carousel fraud in CO2 allowances was extensive particularly in 2009 and the media linked the fraud with the fact that persons and companies wanting to set up accounts in the Danish Emission Trading Registry in order to trade in CO2 allowances were not by the Danish Energy Agency asked to provide documentation of their identity.
The objective of the examination is to assess whether the Ministry of the Environment and the Ministry of Climate, Energy and Building has ensured that the Danish Emission Trading Registry was administered in a satisfactory manner. The report also looks into the scope of the VAT carousel fraud in trading CO2 allowances and current possibilities of committing VAT carousel fraud. The report answers the following questions:
- Has the Ministry of the Environment and the Ministry of Climate, Energy and Building ensured satisfactory administration of person holding accounts in the Danish Emission Trading Registry?
- Has the minister of climate and energy briefed the Folketing correctly on the issues relating to the administration of the person holding accounts in the Danish Emission Trading Registry?
- What is the scope of VAT carousel fraud in trading CO2 allowances in Europe and current possibilities of committing VAT carousel fraud?
Rigsrevisionen initiated the examination at the request of the Public Accounts Committee.
Read the report (PDF)