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.
Category: Papua New Guinea
Conservation Central Network’s Little Green Tokens and Big Green Lies
“Find out how to Save Forests and make money.” That’s the offer on the website of an Australian company called Conservation Central Network. “Using the power of the internet,” CCN says, “we are rewarding people for saving the forests one hectare at a time.”
Carbon Black: A conspiracy thriller about REDD in Papua New Guinea
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.
Response from Tony Adams of Sovereign Green Global Australia: “We do not see any need to provide detailed information to the public regarding this project”
Three weeks ago, REDD-Monitor wrote about an Australian company called Sovereign Green Global Australia and its REDD project in Papua New Guinea. This morning, a response arrived from Tony Adams, the Chairman of Sovereign Green Global Australia.
The strange story of Sovereign Green Global Australia, Green Giant Venture Fund, Astra Resources and a REDD project in Papua New Guinea
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.
Industry RE: Another carbon credit company goes into liquidation
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…
Rainforest Foundation Norway: “Why securing the rights of forest peoples is the right way to save the forest”
A new report by Rainforest Foundation Norway “shows how a rights-based approach is both the most effective way to protect the rainforest, as well as the best way to avoid that forest protection leads to human rights violations.”
Disagreement on REDD finance during the “stalemate” climate negotiations in Bonn
Last year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency. Fatih Birol, IEA’s chief economist told Reuters that, “[T]he trend is perfectly in line with a temperature increase of 6 degrees Celsius (towards the end of this century), which would have devastating consequences…
McKinsey’s bad influence on REDD is decreasing – at least in Papua New Guinea
Consulting firm McKinsey has played a key role in pushing a version of REDD that underestimates the role of industrial logging and agriculture on forest destruction, while painting local communities as forest destroyers. McKinsey’s advice, if taken seriously, would have had serious implications for local livelihoods and would do little to reduce deforestation.
Can REDD save Papua New Guinea’s forests?
Earlier this week, Greenpeace activists blockaded a Chinese logging ship, the Fu Tian, that was exporting timber from Papua New Guinea. The ship was docked near the village of West Pomio, where villagers are protesting the operations of Malaysian logging company Rimbunan Hijau and its subsidiary, Gilford Limited.