In 2011, a Swiss company called World Markets AG bought five million “carbon benefit units”. They came from the April Salumei REDD project in Papua New Guinea. World Markets sold the “carbon benefit units” at a profit of over US$5 million.
In July 2017, a group of over 150 people who had been scammed into buying “carbon benefit units” got in touch with REDD-Monitor. Several London-based boiler room operations, including Industry RE, had sold them the “carbon benefit units”, supposedly as investments. Unfortunately they were worthless.
Kevin Conrad is the Executive Director of the Coalition for Rainforest Nations. He’s currently in Bonn at COP23, the United Nations climate conference, as part of the delegation of the Democratic Republic of Congo. In May 2017, the Coalition for Rainforest Nations Secretariat put in an application to register “REDD+” as a trademark in the USA.
April Salumei is a REDD project in Papua New Guinea. Various companies, including Qantas, Eneco Energy Trade, and Norwegian supermarket chain Rema 1000, have bought carbon credits from the April Salumei REDD project. Should you so wish, you can buy carbon credits from the project on the USAID-funded website Stand for Trees.
Kevin Conrad was born in the USA. His parents were missionaries living in Papua New Guinea. Conrad grew up in Wewak in East Sepik province on the north coast of the country. “I grew up deep in the jungles of Papua New Guinea”, he says. “I didn’t consistently wear shoes until I was 16. Forests are a very real part of who I am.”
In recent years, Papua New Guinea has handed out 5.5 million hectares of land as Special Agriculture and Business Leases. In addition, the government has issued 10 million hectares in logging concessions. The totally predictable result has been an increase in deforestation, and serious human rights abuses.
In 2014, Papua New Guinea became the world’s largest exporter of tropical timber. This wasn’t supposed to happen. Eleven years ago, PNG formed the Coalition for Rainforest Nations and presented the idea of REDD to the UN climate meeting in Montreal.
A company called London Carbon Neutral Ltd and eight linked companies have been shut down in the High Court in London. The companies were shut down after “high pressure and intimidating sales people had targeted the elderly and vulnerable” to sell them carbon credits as investments.
It’s the end of the decade. Nearly 30 years of United Nations negotiations have left us with nothing more than REDD and piecemeal carbon markets to address climate change. The UN has set up a Global Carbon Markets Organisation (GCMO) to try to make the carbon markets work.
Sovereign Green Global is, according to its website, running a REDD+ conservation project, “located primarily in the Milne bay province of Papua New Guinea”. The project covers “approximately 125,000 hectares of rainforest”. But details of the project are scant and the information that is available rings plenty alarm bells.
In June 2011, Industry RE forward purchased one million REDD carbon credits from an Irish company called Celestial Green Ventures. On 11 September 2013, the High Court in London appointed Julie Palmer and Jason Greenhalgh of Begbies Traynor as joint liquidators of Industry RE, “on the application of the Secretary of State and following intervention from the Public Interest Unit”.