Carbon markets are struggling. There is a huge glut of carbon credits and pollution allowances. Carbon credits created under the clean development mechanism are trading at €0.07 on the EU emissions trading system (ETS).
Stop biodiversity offsets: Thousands sign letter to the European Commission
More than 9,000 people and 67 organisations have signed on to a letter urging the European Commission to drop its plans for biodiversity offsetting. Biodiversity offsets would “harm nature and people” and “give power to those who destroy nature for profit”, the letter states.
Threats of violence against Indigenous Missionary Council (CIMI) in Acre, Brazil
Over the past few weeks, staff at the Indigenous Missionary Council (CIMI) in the state of Acre have faced a series of threats and intimidation. The office has been broken into twice, the room ransacked, a computer taken, files burned, and internet wiring destroyed.
Nine reasons why REDD is a false solution: Friends of the Earth International
“REDD is a risky and false solution to climate change, both in theory and in practice,” argues a new report by Friends of the Earth International. “Now it is time to ditch risky REDD for known community approaches that are effective, ethical and equitable.”
Kendrick Zale: Another carbon credit boiler room scam bites the dust
By Chris Lang Kendrick Zale used to sell carbon credits to retail investors. On 16 July 2014, in the High Court in London, the company was wound up in the public interest for making false claims about investment returns.