The LEAF Coalition is a public-private scheme to greenwash Big Polluters, generate vast amounts of carbon credits, and will result in a massive carbon grab.
By Chris Lang Indonesia has scrapped the US$1 billion REDD agreement with Norway. In a May 2010 Letter of Intent, Norway had agreed to pay Indonesia up to US$1 billion for reducing emissions from deforestation and forest degradation. Eleven years later, Norway has not transferred any “results-based” payments to Indonesia.
By Chris Lang Thomson Reuters Foundation recently reported that, “Norway is doubling the price it guarantees developing nations to keep their tropical forests standing, in a step to slow catastrophic losses and encourage big companies to invest far more in nature to combat climate change.”