The head of the UN's climate change panel - Dr Rajendra Pachauri - is accused of making a fortune from his links with 'carbon trading' companies, Christopher Booker and Richard North write.
No one in the world exercised more influence on the events leading up to the Copenhagen conference on global warming than Dr Rajendra Pachauri, chairman of the UN’s Intergovernmental Panel on Climate Change (IPCC) and mastermind of its latest report in 2007.
Although Dr Pachauri is often presented as a scientist (he was even once described by the BBC as “the world’s top climate scientist”), as a former railway engineer with a PhD in economics he has no qualifications in climate science at all.
What has also almost entirely escaped attention, however, is how Dr Pachauri has established an astonishing worldwide portfolio of business interests with bodies which have been investing billions of dollars in organisations dependent on the IPCC’s policy recommendations.
These outfits include banks, oil and energy companies and investment funds heavily involved in ‘carbon trading’ and ‘sustainable technologies’, which together make up the fastest-growing commodity market in the world, estimated soon to be worth trillions of dollars a year.
Today, in addition to his role as chairman of the IPCC, Dr Pachauri occupies more than a score of such posts, acting as director or adviser to many of the bodies which play a leading role in what has become known as the international ‘climate industry’.
It is remarkable how only very recently has the staggering scale of Dr Pachauri’s links to so many of these concerns come to light, inevitably raising questions as to how the world’s leading ‘climate official’ can also be personally involved in so many organisations which stand to benefit from the IPCC’s recommendations....MORE
And from the Times of India:
NEW DELHI: A report in a British newspaper has accused IPCC chief Rajendra K Pachauri of making a fortune from his links with "carbon trading" companies.
Apart from listing the number of companies, banks and institutes with which the IPCC chairman is associated, the report in The Telegraph of London alleges that Pachauri’s The Energy Research Institute (TERI) continues to have ‘‘close links’’ with the Tata Group (which set up the institute) and that this relationship has helped the latter in its green and carbon trading businesses.
Reacting to the report, Pachauri told TOI: ‘‘These are a pack of lies from people who are getting desperate. They want to go after the guy whose voice is being heard. I haven’t pocketed a single penny from my association with companies and institutes. All honoraria that I get goes to TERI and to its Light a Billion Lives campaign for reaching solar power to people without electricity. All my dealings are totally above board.’’
Pachauri pointed out that the previous IPCC chairman was in theworld Bank and the one before that was a professor. ‘‘Can you then say the university benefsited from his association with IPCC? The people who have flung these charges are part of the same vested interest group which hacked the server of UK’s East Anglia University. They are getting desperate because the world is now serious about moving away from fossil fuels. I want to ask them how much money they spent in the operation? Hacking a server is a costly exercise,’’ he said.
On TERI’s links with the Tata group, Pachauri said, ‘‘Our ties ended when Darbari Seth, who was on our board, died in 1999. We haven’t received a single penny from Tatas for years and have no ties with them.’’ He added that TERI submits its yearly accounts to the government under Section 12 of the income tax law. ‘‘We fully comply with all government laws,’’ he said.
Pachauri, who recently took up the post of the head of the Climate and Energy Institute at Yale University, said the appointment was held up for a while because he had insisted that his salary be credited to TERI. ‘‘My conscience is clear and that is why I am cool towards these allegations.’’
On whether he intends to take legal action against the report, Pachauri said he hadn’t made up his mind. ‘‘Action against these people only gives dignity to these guys,’’ he added.