Carbon cowboys. VAT carousel fraud. Double-counting. Hackers. A fake bomb scare in the Czech Republic’s carbon registry. Phishing via fake carbon registry websites. Invented carbon credits. Overvalued carbon credits. Boiler rooms. Imaginary baselines. Auditors with conflicts of interest.
Carbon markets are not providing “long-term, scaled-up, predictable, new and additional finance”
Two stories about the current failure of carbon trading as a way of raising money to address climate change: First, the Adaptation Fund, which has seen its income from a tax on carbon credits dry up; Second, an exchange between Conservation International and the World Bank, which are both pro-carbon trading, but only one seems…
Civil society in El Salvador demands more than REDD+ from climate change negotiations
In an Open Letter, the Climate Change Round-table, a group of civil society organisations in El Salvador, demands that the government should do more on climate than “loss and damage and REDD+”.
Climate change at the World Bank: “You can imagine a future world where carbon is really the currency of the 21st century”
Earlier this week, Jim Yong Kim, the president of the World Bank and Christine Lagarde, the managing director of the International Monetary Fund spoke about climate change. This was the first time that the two have spoken together in public about climate change.
Opposition to REDD in California’s cap-and-trade scheme continues
The debate about whether REDD credits should be included in California’s cap-and-trade scheme continues. This week, a group of social and environmental NGOs wrote to Jerry Brown, California’s governor, opposing REDD and requesting a meeting with Brown and Mary D. Nichols, the Chair of the California Air Resources Board.