REDD-Monitor’s round-up of the week’s news on forests, the climate crisis, REDD, and natural climate solutions. For regular updates, follow @reddmonitor on Twitter.
Open letter to the Green Climate Fund opposing REDD results-based payments in Paraguay
A group of Paraguayan and international organisations have sent an open letter to the board of the Green Climate Fund which will meet in Songdo, Republic of Korea, from 12 to 14 November 2019. Several of the funding requests under consideration are related to REDD, including an extraordinarily bad proposal to subsidise REDD offsets from…
A company calling itself Global Capital Holdings and/or Herald Investment Trust is running a recovery room scam
360 Invest Group was a scam company that sold carbon credits to retail investors. REDD-Monitor first wrote about the company in August 2013. 360 Invest Group targeted pensioners with high pressure sales. In 2016, I wrote two more posts featuring 360 Invest Group based on a series of emails between 360 Invest Group’s scammers and…
Greenwash: How the RSPO fails to uphold its own rules
The Roundtable on Sustainable Palm Oil operates under the slogan, “Transforming markets to make sustainable palm oil the norm”. Created in 2004, the RSPO is supposed to reassure consumers and manufacturers that products with the RSPO label are not linked to rainforest destruction, human rights abuses, or habitat destruction of endangered species such as orangutans.
Tell the the Green Climate Fund: No to IFC subsidies for REDD offsets! No to REDD funding!
The Board of the Green Climate Fund will meet in Songdo, Republic of Korea, from 12 to 14 November 2019. Several funding requests are related to REDD, in Chile, Paraguay, and Laos. Particularly egregious is a funding request from the International Finance Corporation for a “Multi-Country Forest Bonds Programme”. The IFC programme would subsidise private…