Earlier this week, REDD-Monitor received an email from Brian Smith (name changed). Brian explained that about seven years ago he’d been scammed into buying carbon credits as an investment. Recently, Brian received an email from John Miles at a company called Verified Carbon Solutions. Miles said he was acting as a broker for Kentisbury Trust,…
Author: Chris Lang
Guest Post: Nature-based solutions. Separating the wheat from the chaff
Recently, British journalist George Monbiot launched a Natural Climate Solutions campaign. In the spirit of encouraging debate about the dangers of offsetting emissions from fossil fuels against the carbon temporarily stored in ecosystems, I wrote a post asking the question, “Is the new Natural Climate Solutions campaign a distraction from the need to leave fossil…
A story of carbon credits, diamonds, and fraud. Featuring London Carbon Market, Carlton Chase, SDKA International, Gurpreet Singh Rai, and the return of Luke Ryan
By Chris Lang Gurpreet Singh Rai, or Gurps to his friends, describes himself as someone who was a “prominent figure of the Carbon Market”. He claims to have created history in 2011, when he became “the first person to successfully facilitate a commodity trade using a virtual currency”.
NGOs oppose the oil industry’s Natural Climate Solutions and demand that Eni and Shell keep fossil fuels in the ground
Oil giants Eni and Shell have both recently announced plans to use trees to offset some of their ever increasing carbon emissions. Yesterday, NGOs put out a statement opposing the oil industry’s attempts to avoid its responsibility for climate breakdown. The statement is signed by six organisations (Friends of the Earth Mozambique and South Africa;…
California’s “lenient leakage accounting” means that emissions reductions from forest offsets may never happen
California’s cap-and-trade scheme has resulted in payments of hundreds of millions of dollars to forest owners. But a recent policy brief by Barbara Haya at the University of California, Berkeley argues that California may have exaggerated the emissions reductions of these forestry projects by as much as 80 million tons of carbon dioxide.