By Chris Lang A six-part series in the latest issue of Christian Science Monitor investigates carbon offsets. The researchers look at several offset projects and conclude that “Carbon offsets are the environmental equivalent of financial derivatives: complex, unregulated, unchecked and – in many cases – not worth their price.”
On 8 July 2009, the Rights and Resources Initiative and Chatham House held a meeting on “Forests, Governance and Climate Change” at the Royal Society in London. Among the speakers was Marcus Colchester of the Forest Peoples Programme, who spoke about the importance of recognising rights in the World Bank’s Forest Carbon Partnership Facility.
The World Bank’s Forest Carbon Partnership Facility (FCPF) has approved the readiness plans (R-Plans) for Panama and Guyana, reports the Bank Information Center. In doing so the FCPF ignored the advice and recommendations of its own Technical Advisory Panel. The approval demonstrates that the guidelines and standards developed under the FCPF are effectively meaningless.
From 11-13 March 2009, the Forest Carbon Partnership Facility Participants Committee met in Gamboa, Panama. The Bank Information Center took part as an NGO Observer and has posted the following report on its website.