Skip to content
Menu
REDD-Monitor
  • Start here
  • About REDD-Monitor
  • REDD: An introduction
  • Contact
REDD-Monitor

MED Investment Operations – Part 3: MidiaGeo and InBECAS, the Brazilian Connection

Posted on 19 August 20163 June 2020

A few weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. A company based in Malta called MED Investment Operations is offering carbon credits from a REDD project in Brazil and them for sale at US$6.80 each. This post, the third in a series of posts about this incredible offer, looks at the company supposedly running the REDD project: MidiaGeo.

The previous posts in this series are available here:

  • 26 July 2016: MED Investment Operations – Part 1: Anyone want to buy 345 million REDD carbon credits? Only US$6.80 each
  • 3 August 2016: MED Investment Operations – Part 2: “This model is recognized by international institutions such as Standard Conversion environmental assets of Forests in Transaction instruments”

MED Investment Operations is offering 345 million carbon credits for sale for a total of US$2.3 billion. The carbon credits are all from one project: D’Cerrado A’Amazonia REDD Brazil. The project supposedly covers an area of 545,430 hectares in the state of Mato Grosso. The project developer is a company called the MidiaGeo Group.

Despite the fact that this is a large REDD project, generating a large number of carbon credits, the project has received no media coverage in Brazil, or anywhere else.

MidiaGeo’s website is currently down, but an archived version is available here.

MidiaGeo’s website is sketchy on how it proposes to achieve reduced deforestation and degradation over this vast area of land, instead focussing on the benefits of the project. Such as this:

A significant evolution of the economic reality of the group of project participants that with the mechanism will get an increase in income, resulting in generation of jobs and opportunities for the whole region and the vicinity, thus changing the landscape of families.

Whatever that means.

The REDD credits were verified and certified by a company called InBECAS, the Brazilian Institute of carbon stocks and sustainable actions.

Midiageo’s website was registered in May 2009 by Anderson Oliveira Alexandre. Alexandre also registered the InBECAS website.

Both websites feature the following notice:

MidiaGEO

MidiaGeo and InBECAS, it seems, don’t want just anyone to sell their carbon credits.

Anderson Oliveira Alexandre’s email address (anderson@midiageo.com.br) is given on the contact page of MidiaGEO’s website. According to his LinkedIn page, Alexandre is Executive Director of InBECAS:

Anderson Oliveira Alexandre

In 2011, MidiaGeo had a stall at an event in Mato Grosso, and posted lots of photographs on its Facebook page (unfortunately, MidiaGeo gives no further details about what the event actually was). Here’s a sample:

2016-08-19-151832_1680x1026_scrot

It all looks like great fun. But since then, MidiaGEO seems to have gone publicity shy. No other events are posted on the Facebook page. The company’s website provides no photographs of any events, or any photographs of the D’Cerrado A’Amazonia REDD Brazil project. I haven’t even been able to find a map of the REDD project area.

When I asked about which registry the carbon credits were on, I received the following reply from Daniel Azzopardi, CEO of MED Investment Operations:

It was developed between local governments of Brazil SISA – Integrated Environmental Sustainability by InBECAS platform – Brazilian Institute of Carbon and Sustainable Actions stock.

SISA does exist. But it has nothing to do with InBECAS. SISA is the state of Acre’s System of Incentives for Environmental Services. SISA applies to the state of Acre, not to the state of Mato Grosso. “Local governments of Brazil SISA” makes no sense whatsoever.
 

  • Twitter
  • Linkedin
  • Reddit
  • email
  • Facebook

2 thoughts on “MED Investment Operations – Part 3: MidiaGeo and InBECAS, the Brazilian Connection”

  1. pax4pax says:
    26 October 2017 at 5:32 pm

    Any update? I have just received almost the identical packet.

  2. Chris Lang says:
    27 October 2017 at 9:10 am

    @pax4pax – Thanks for this. Do you mean that MED Investment Operations got in touch with you offering carbon credits from a REDD project in Brazil? If so, could you forward it to me at reddmonitor@gmail.com, please. Thanks!

    I haven’t heard any updates about MED Investment Operations, or MidiaGeo, or InBECAS.

Leave a Reply Cancel reply

SUBSCRIBE!

Enter your email address to receive notification of new posts.

Recent themes
Natural Climate Solutions
WWF's conservation scandals
Aviation and offsetting
Conservation Watch

Recent Comments

  • shahid a on “REDD does nothing to address the crisis of endless economic growth.” Interview with Chris Lang, REDD-Monitor, by Fábio Alkmin, PhD student at the University of São Paulo, Brazil
  • shahid on James Moore sentenced to more than 11 years in prison for his role in the Bar Works scam
  • Kathleen McCroskey on Offsetting is not an option if we are serious about addressing the climate crisis. My response to Hartmut Graßl
  • Delton Chen on Offsetting is not an option if we are serious about addressing the climate crisis. My response to Hartmut Graßl
  • Kathleen McCroskey on Offsetting is not an option if we are serious about addressing the climate crisis. My response to Hartmut Graßl

Recent Posts

  • “REDD does nothing to address the crisis of endless economic growth.” Interview with Chris Lang, REDD-Monitor, by Fábio Alkmin, PhD student at the University of São Paulo, Brazil
  • Offsetting is not an option if we are serious about addressing the climate crisis. My response to Hartmut Graßl
  • Papua New Guinea Environmental Alliance letter to Pogio Ghate, Minister for Environment, Conservation and Climate Change
  • Ecomapuá Amazon REDD Project, Brazil: Pública investigation reveals Ecomapuá Conservação is selling “illegal” carbon offsets from land it does not own, without transferring the money to local communities
  • Response from Steve Zwick, Verra: “Verra will ask Kanaka Management Systems to cease and desist any actions that may mislead communities into thinking that Verra has not already rejected the project”

Recent Comments

  • shahid a on “REDD does nothing to address the crisis of endless economic growth.” Interview with Chris Lang, REDD-Monitor, by Fábio Alkmin, PhD student at the University of São Paulo, Brazil
  • shahid on James Moore sentenced to more than 11 years in prison for his role in the Bar Works scam
  • Kathleen McCroskey on Offsetting is not an option if we are serious about addressing the climate crisis. My response to Hartmut Graßl
  • Delton Chen on Offsetting is not an option if we are serious about addressing the climate crisis. My response to Hartmut Graßl
  • Kathleen McCroskey on Offsetting is not an option if we are serious about addressing the climate crisis. My response to Hartmut Graßl

Issues and Organisations

30x30 AB 32 Andes Amazon Boiler rooms California Can REDD save ... ? Carbon accounting Carbon Credits Carbon Offsets CDM Conservation-Watch Conservation International COP21 Paris Deforestation FCPF FERN Financing REDD Forest definition Fossil fuels FPP Friends of the Earth FSC Green Climate Fund Greenpeace Guest post ICAO Illegal logging Indigenous Peoples Natural Climate Solutions NGO statements Plantations Poznan R-M interview REDD and rights REDD in the news Risk RSPO-Watch Safeguards Sengwer The Nature Conservancy UN-REDD UNFCCC World Bank WRM WWF

Countries

Australia Bolivia Brazil Cambodia Cameroon Canada China Colombia Congo Basin region Costa Rica DR Congo Ecuador El Salvador European Union France Germany Guatemala Guyana Honduras India Indonesia Kenya Laos Madagascar Malaysia Mexico Nicaragua Norway Panama Papua New Guinea Paraguay Peru Philippines Republic of Congo Sierra Leone Sweden Tanzania Thailand Uganda UK Uncategorized United Arab Emirates USA Vietnam West Papua
©2022 REDD-Monitor | Powered by WordPress and Superb Themes!