In 2008, Norway agreed to pay US$1 billion to Brazil’s Amazon Fund, if Brazil reduced deforestation in the Amazon. Norway has so far handed over US$900 million and will pay the final US$100 million before the end of this year.
London Carbon Credit Company scammed people out of £1.7 million. Company director Young Erumuse disqualified for 15 years
By Chris Lang Earlier this month, the director of a carbon credit company was disqualified as a director by the High Court for 15 years. Young Erumuse was the director of the London Carbon Credit Company Limited, a company that sold carbon credits to retail investors.
Dennis Melka: Exporting deforestation from Sarawak to Peru
Dennis Melka’s company United Cacao Limited is responsible for “illegally clearing swathes of rainforest in the Peruvian Amazon”, the Guardian reports.
India plans to hand over “degraded” forests to plantation companies
The Government of India is proposing to lease 40% of the country’s forests, classified as “degraded”, to private companies to improve and restore forest landscapes. Earlier this week, the All India Forum of Forest Movements (AIFFM) put out a statement opposing this proposed privatisation of India’s forests.
International Day of Struggle against Tree Monocultures: “Plantations are not Forests”
Yesterday was the tenth International Day of Struggle against Tree Monocultures. The Day aims to focus attention on the impacts of industrial tree plantations on communities. This year the focus is on the impacts of oil palm plantations.