By Chris Lang “The greatest issue, or challenge, of our time is climate change,” Iván Duque, president of Colombia, said in Davos at the 2020 World Economic Forum. “So if we really want to as a society be able to contain the effects of climate change, we need to protect the tropical forests.”
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.”
“What we need is a new model of development for countries with tropical forests,” says Maria Claudia García, National Director of Forestry, Biodiversity and Ecosystem Services at the Ministry of the Environment and Sustainable Development in Colombia. According to Garcia, REDD is a “new vision”.
The Misak are an indigenous people whose territory is in Cauca, high in the Andes mountains in Colombia. During Spanish colonial rule, they lost large parts of their territory, but in he 1980s they started a process of reclaiming their land. Eventually they gained formally recognised land rights.