Yesterday, the World Bank’s private sector arm, the International Financial Corporation launched a US$152 million bond aimed at supporting REDD and carbon trading. The deal demonstrates just about everything that’s wrong with REDD.
Author: Chris Lang
Ecobamboo Lot promised a return of 26% a year from its bamboo plantations in Nicaragua. Now it’s closing down
A 2012 brochure from a company called Ecobamboo Lot makes investing in bamboo look very promising: “A rare opportunity to purchase a Deeded Bamboo Lot in Central America.” The company promised a return of 26% a year: “Bamboo lot owners will receive harvest income starting at year four. The ROI is forecasted at 26% per…
Carbon violence and green denial: How Green Resources ignores the impacts of its industrial tree plantations on communities in Uganda
In 1996, Uganda’s National Forest Authority awarded a 50 year licence covering an area of land just over 9,000 hectares to a Norwegian company called Green Resources. Twenty years later, local communities are still feeling the impacts of the company’s industrial tree plantations.
REDD in Central America: It’s better to ask for forgiveness than permission
This month’s World Rainforest Movement Bulletin includes an article about REDD in Central America, written by Henry Picado (Red de Coordinación en Biodiversidad), Zuiri Méndez (Kioscos Ambientales), and Mariana Porras (Coecoceiba Amigos de La Tierra).
Almir Surui’s desperate cry for help to save the Surui forest: “Every day, 300 trucks leave our territory filled with wood”
The Surui REDD project is under attack. Despite the fact that the Surui’s forest is an Indian Reservation (and a REDD project), hundreds of miners and loggers are invading the land, leaving destruction in their wake.