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.
“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.”
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.
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.
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.