The Durban Declaration on Carbon Trading revisited, 16 years later.
The Eco Resources Fund was launched in July 2012 in the Isle of Man. Via a special purpose vehicle called ERF Limited, the Fund invested in bamboo plantations in Nicaragua and South Africa. The bamboo plantations are run by EcoPlanet Bamboo.
EcoPlanet Bamboo runs bamboo plantations in Nicaragua, South Africa and Ghana. A UK company called EcoPlanet Bamboo (UK) Ltd sold “bamboo bonds” with a promise of “a 500% return on investment over a 15 year period” on an investment of US$50,000. But in December 2015, EcoPlanet Bamboo wrote to bondholders to tell them that their…
In 2011 and 2012, a company called EcoPlanet Bamboo (UK) Ltd raised US$12 million by issuing bamboo bonds. The companies marketing the bonds, including Property Frontiers, EcoInvestments, and Emerald Knight promised returns of 500% over a 15 year investment period.