At a recent workshop in Sacramento, Environmental Defense Fund’s Steve Schwartzman was waving around copies of a letter in favour of California using REDD offsets in its cap and trade scheme. Following the letter was a list of NGO logos, including that of Greenpeace Brazil. But Greenpeace has consistently opposed REDD offsets in California. How…
Category: Brazil
Prestige Investment Group Limited: More red flags than a Chinese military parade
Over the weekend, someone called Lee Hales contacted REDD-Monitor. Hales wants to speak to investors who have been scammed into buying carbon credits as investments. I wouldn’t trust Hales, or his company Prestige Investment Group Limited, as far as I could throw them.
REDD myth no. 3: To address climate change we have to reduce emissions from deforestation
“We have to reduce emissions from deforestation if we’re to prevent catastrophic climate change,” WWF argues on its website. At a first glance, it seems like a no-brainer. Forests store an awful lot of carbon. When forests are cleared for cattle ranching, or to make way for oil palm plantations, the carbon dioxide goes back…
The Jari Amapá REDD project, Brazil: Greenwashing illegal logging, a pulp mill, and a 48-year-old land grab
The Jari Amapá REDD+ project covers an area of 65,980 hectares in the Jari Valley in the state of Amapá, Brazil. The project is run by three companies, one of which, Jari Florestal, has just had its Forest Stewardship Council certificate suspended after being caught in an illegal timber scheme.
I’m a GNU. How do you do? A REDD animal appears in Paris with a promise of US$5 billion
On the first day of the UN climate negotiations in Paris, the governments of Germany, Norway and the United Kingdom pledged US$5 billion for REDD, between 2015 and 2020. The GNU countries say they “have signaled they will increasingly target results-based finance for countries who deliver verified REDD+ emission reductions”.