China Development Finance Corporation is cold calling people and offering to sell their near-worthless carbon credits. The company is a transparently obvious scam.
Category: China
BASIC countries are opposed to REDD offsets
On 28 November 2009, Brazil, South Africa, India and China formed the BASIC block and agreed to act jointly at COP15, the UN climate negotiations in Copenhagen. The BASIC countries threatened to walk out of COP15 if rich countries attempted to force their agenda on the Global South.
Disagreement on REDD finance during the “stalemate” climate negotiations in Bonn
Last year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency. Fatih Birol, IEA’s chief economist told Reuters that, “[T]he trend is perfectly in line with a temperature increase of 6 degrees Celsius (towards the end of this century), which would have devastating consequences…
Another reason why a REDD carbon trading mechanism does not add up
Yesterday, ABN interviewed the Chair of the Clean Development Mechanism Executive Board, Martin Hession. The interview included a very interesting question, which is very relevant to REDD and whether REDD is to be financed by carbon trading.
Interview with Andy White, Rights and Resources Initiative: “The global market for forest carbon is not going to establish itself anytime soon”
Interview with Andy White, Coordinator of the Rights and Resources Initiative, Washington DC, by email.