Earlier today, during a visit to Oslo, Brazil’s president, Michel Temer, met Norway’s prime minister, Erna Solberg. After the meeting, Solberg said, “If preliminary figures about deforestation in 2016 are confirmed, it will lead to a reduced payout in 2017.” She added that Norway’s rainforest payments to Brazil are “based on results”.
From 26 to 28 May 2017, a meeting took place in Xapuri, in the state of Acre, Brazil. The meeting brought together Apurinã, Huni Kui, Jaminawa, Manchineri and Shawadawa indigenous peoples, representatives of traditional communities, rubber tappers, academics and supporting organisations. The meeting’s theme was, “The effects of environmental / climatic policies on traditional populations”.
In 2011, REDD-Monitor asked “Can REDD save the Amazon?”. Six years later, after Norway has poured more than US$1 billion into REDD in Brazil, it is clear that REDD is not a solution to Amazon deforestation. Deforestation fell from 2004 to 2012, but the reasons were nothing to do with REDD. Now deforestation is going back up.
The Juma Sustainable Development Reserve covers an area of 589,612 hectares in the municipality of Novo Aripuanã, in the state of Amazonas, Brazil. On its website, the project developer Fundação Amazonas Sustentável states that, “FAS is committed to protect forests and improving the life quality of people that live there”.
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.
“The aim of reducing the emissions from forest destruction and degradation caused by industrial agriculture, logging, mining for fossil resources, etc. is today decisive to the survival of humankind and our planet. However, when the tool to achieve this aim is the trading of emission credits (offsets), we arrive at the wrong solutions.”
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.
Two weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. The carbon credits were from a REDD project in Brazil and a company based in Malta called MED Investment Operations is offering them for sale at US$6.80 each. Last week, I wrote about the companies in Malta behind this incredible offer: MED Investment Operations and The Equivest Alliance.
Last week, REDD-Monitor received a message from Boniface Mburaburirwe asking whether I have any buyers for carbon credits. I suspect Mburaburirwe hasn’t read much on REDD-Monitor, particularly not the series of posts about scam artists selling carbon credits to unsuspecting members of the public as investments.