This week sees the Global Climate Action Summit in San Francisco, USA. Organised by California’s governor, Jerry Brown, the Global Climate Action Summit runs from 12 to 14 September 2018.
Harold Tjiptadjaja is Managing Director and Chief Investment Officer of Indonesia Infrastructure Finance, an institution created by the World Bank, the Asian Development Bank, and Indonesia’s Ministry of Finance. IIF funds oil and gas projects, airports, toll roads, seaports, and power generation, among other things.
This week Eco-Business reported Tjiptadjaja as saying that “Deforestation poses a bigger problem for the climate than burning coal in Indonesia”.
The UNFCCC recently released a video titled “Keep calm and offset”. The basic premise is that we don’t need to stop driving, flying, or eating meat. We just need to buy carbon credits.
“A global crisis is unfolding. The rapid expansion of development projects on indigenous lands without their consent is driving a drastic increase in violence and legal harassment against Indigenous Peoples.”
In the last few weeks, California’s governor Jerry Brown has received two letters about climate change. One recommends that he should take meaningful action on climate change. The other recommends that he should provide a loophole to allow the oil industry to continue polluting.
A two day meeting is currently taking place at the Columbia Law School in New York of the Private Sector Advisory Group to the Green Climate Fund. On the agenda is the Green Climate Fund’s funding of forestry projects.
The rate of deforestation in the Amazon increased by 22% between August 2017 and May 2018 compared to the same period the previous year, according to figures published by IMAZON, a non-profit research institute. Forest degradation is up by 218%. In June 2018, deforestation reached an area of 1,168 square kilometres – the highest monthly area since Imazon started monthly deforestation reports in April 2007.