A month ago, I wrote to the UN-REDD team in Papua New Guinea to ask, among other things, what has happened to the programme’s budget of US$2,596 million. I am still waiting for a reply. Last week, I sent a reminder, along with a new question about the PNG government’s investigation into the Office of…
A round up of media coverage of REDD over the past seven days. The Rights and Resources Initiative released an important report: “The End of the Hinterland: Forests, Conflict and Climate Change”.
This week, activists protested outside a Carbon Trading Summit in New York. Executives from JPMorgan Chase, Goldman Sachs, Duke Energy, American Electric Power and other corporations mingled with representatives from government, carbon credit aggregators, hedge funds and carbon traders.
“If you wondered whether capitalism could ever produce the perfect weapon of its own destruction, try this heady mix of carbon fuels, the trade in financial derivatives, and more than a dash of neo-colonialism, and boom!”
Here are two more REDD-related news items from Papua New Guinea. The first is an article from Ilya Gridneff, a journalist with Australian Associated Press in Port Moresby. Carbon Planet has invested A$1.2 million in projects in PNG.