By Chris Lang A recent report by the Australian Conservation Foundation and the Australia Institute found that “avoided deforestation” projects do not represent genuine emissions reductions. In most cases the areas were not under any threat of being cleared. Avoided deforestation projects generate about 20% of the Australian government’s main climate change policy.
By Chris Lang Australia suffered devastating fires between September 2019 and February 2020. About 7.4 million hectares of forest was burned, mainly in New South Wales and Victoria. The fires released 830 million tonnes of carbon dioxide – significantly more than the 530 million tonnes of CO2 that the country emits each year.
A company called Koenig Rowe Campbell Alliance is cold calling people in several countries, claiming to be a wealth advisory firm established in 1978. KRC Alliance takes clients’ money and claims to invest it. The investment will need to be increased, for whatever made up reason, to reach a certain number of shares. Then, in…
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.