By Chris Lang 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.
Last night at 21:00 a new version of the Draft Paris Outcome was released at COP21 in Paris. It’s down to 27 pages and has only 50 pairs of square brackets. That’s the good news. The rest is practically all bad news.
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.