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Category: DR Congo

IFC’s forest bonds: Quantitative easing for sub-prime REDD carbon credits

Posted on 9 July 20199 November 2019

A recent report by the Rainforest Foundation UK describes the potential scaling up of the International Finance Corporation’s Forest Bonds programme as “One of the most worrying evolutions of GCF activities in the Congo Basin”.

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“Good money after bad?” A new report by the Rainforest Foundation UK is critical of the Green Climate Fund’s plans in the rainforests of the Congo Basin

Posted on 5 July 2019

“Good money after bad? Risks and opportunities for the Green Climate Fund in the Congo Basin Rainforests”, is the title of a new report by the Rainforest Foundation UK. The report focusses on the GCF and REDD, followed by a critical overview of the GCF’s planned projects in the forests of the Congo Basin.

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REDD in the Democratic Republic of Congo: Civil society letter requests Free, Prior and Informed Consent, review of REDD+ approval decree, a complaints mechanism, and transparent distribution of funds

Posted on 21 June 20191 July 2019

In May 2019, the Congolese NGO Action pour la promotion et protection des peoples et espèces menacés (APEM) wrote to the coordinator of the World Bank’s Forest Investment Programme in the Democratic Republic. The letter followed a civil society monitoring mission of three REDD projects in Mai Ndombe province that was carried out in September…

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How the poorest of the poor end up paying for REDD

Posted on 11 April 201914 January 2021

By Chris Lang I wrote this post in June 2018, for iz3w (Informationszentrum 3. welt), an organisation based in Freiburg, Germany. A German translation of an edited version is published in the May/June 2019 issue titled, “Klimawandel” (Climate change). The following is the unedited version.

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“Torture, murder, rape”: WWF must release its report about abuses carried out by eco-guards in Salonga National Park

Posted on 2 April 20197 October 2020

An investigation by the Rainforest Foundation UK has found that communities living around the Salonga National Park in the Democratic Republic of Congo have been subjected to torture, murder and gang-rape at the hands of eco-guards supported by WWF with funding from a range of international donors.

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REDDisms

“Quite simply the input is cash from us to plant the forests and the output is carbon credits from the trees, which we can then trade. It involves a lot of land… A forest could have a very long life and so companies could sign up to buy carbon offsets from us for 30 years. Effectively, we can securitise the carbon, allowing companies and governments to buy into it to offset their emissions on a long-term basis… If we get this business right, it will be huge.”

— Vincent Tchenguiz, property entrepreneur, September 2007 (2011: Tchenguiz was arrested in a probe into the 2008 collapse of Kaupthing, an Icelandic bank)

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Recent Comments

  • Chris Lang on Why has the Financial Conduct Authority not taken down the website of the clone scam “Good Investment Advisors”?
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