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REDDisms

“Instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion-dollar market that barely even exists yet, but will if the Democratic Party that [Goldman Sachs] gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an ‘environmental plan,’ called cap-and-trade.”

— Matt Taibbi, Rolling Stone, July 2009

Recent Comments

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Alan G. on Serious Fraud Office opens investigation into Global Forestry Investments
Francesco Tubiello on “Payment for non-performance”: Norway pays Gabon US$17 million for increasing deforestation
Jag singh on German prosecutors seek arrest of Peter Virdee (AKA “Batman”) for €125 million carbon credit VAT fraud
John Young on Net zero is not zero

Recent Posts

“REDD hasn’t contributed to the structural reforms that would improve the recognition and protection of Indigenous Peoples’ rights”: Interview with Tom Younger, Forest Peoples Programme (part 4)
Democratic Republic of Congo plans to lift logging moratorium
Fortress conservation in Wildlife Alliance’s Southern Cardamon REDD+ Project: evictions, violence, and burning people’s homes. “We’re proud of our work. The forest, the wildlife, you come to feel they’re yours.”
AIDESEP warns of “carbon pirates” in Peru
“In the wake of the pandemic the Peruvian Government has been rolling back its social and environmental protections”: Interview with Tom Younger, Forest Peoples Programme (part 3)

Recent Comments

Florian Reimer on The Kariba REDD project in Zimbabwe: From carbon credits to EARTH tokens
Alan G. on Serious Fraud Office opens investigation into Global Forestry Investments
Francesco Tubiello on “Payment for non-performance”: Norway pays Gabon US$17 million for increasing deforestation
Jag singh on German prosecutors seek arrest of Peter Virdee (AKA “Batman”) for €125 million carbon credit VAT fraud
John Young on Net zero is not zero

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