By Chris Lang Carbon Market is a timber company, registered in France in May 2009. The company imports timber from Bolivia, Brazil, Peru, Cameroon, the Democratic Republic of Congo, and Gabon.
Category: DR Congo
International Finance Corporation has withdrawn its REDD Climate Bonds proposal to the Green Climate Fund
By Chris Lang Last week REDD-Monitor posted an open letter to the Board of the Green Climate Fund written by the World Rainforest Movement. The open letter, which was signed by over 100 organisations, urged the board to say no to the International Finance Corporation’s funding proposal, “Climate Bonds for Forests: Scaling up Private Sector…
Employees of the Somicongo REDD+ concession in the Democratic Republic of Congo have not been paid for 15 months
The Somicongo REDD+ concession in Mai Ndombe province, in the Democratic Republic of Congo was, until early 2018, a logging concession covering an area of almost 300,000 hectares. As Global Witness pointed out in a 2015 report about the logging industry in the DRC, the contract, management plan, and social agreement for the logging concession…
IFC’s forest bonds: Quantitative easing for sub-prime REDD carbon credits
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”.
“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
“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.