There are 9 posts filed in Sweden (this is page 1 of 1).
Earlier this week, REDD-Monitor received an email from Brian Smith (name changed). Brian explained that about seven years ago he’d been scammed into buying carbon credits as an investment. Recently, Brian received an email from John Miles at a company called Verified Carbon Solutions. Miles said he was acting as a broker for Kentisbury Trust, a company looking to buy five million carbon credits.
Four years ago, the Oakland Institute published a report that exposed the impacts of Green Resources’ industrial tree plantations on local communities in Uganda. The impacts include forced eviction, limited access to land and food, and lost livelihoods.
“The operations of Green Resources — a Norwegian industrial forestry plantation and a carbon offsets company — have resulted in loss of lands, livelihoods and increased hunger for the local communities at Kachung and Bukaleba — its two sites in Uganda.”
Yesterday, REDD-Monitor wrote about the Althelia Climate Fund. The post was based on a new report published by Re:Common and Counter Balance. The report focussed on Althelia’s REDD projects in Kenya as well the financial structure of the fund.
Green Resources is a Norwegian company that claims to be “Africa’s largest forestation company.” The company has established a total of 45,000 hectares of industrial plantations in Africa. It also generates carbon credits from its plantations.
Yesterday, a group of NGOs wrote to the Swedish Energy Agency calling for the Agency to cancel its contract to buy carbon credits from Green Resources’ plantations in Uganda.
Green Resources is a Norwegian company with plantations in Africa. According to the company, its plantation operations follow, “high international practice for sustainable forest management, ESG [environmental, social and corporate governance] responsibilities and carbon sequestration”.
Eco Business Management, a company that sold carbon credits to the public as investments, has been closed down in the High Court in London for misleading potential investors. REDD-Monitor wrote about Eco Business Management in October 2014.
In 2010, the Swedish Society for Nature Conservation (SSNC) released a report titled, “New hope for the forests? REDD, biodiversity and poverty reduction”. Although the report is over a year old, REDD-Monitor only recently read it – others may have missed it too.
