Rachel Kyte is Vice President for Sustainable Development at the World Bank. Her solution to climate change? Carbon markets. No surprises there, then.
Matthew Ames, director of carbon credits company Forestry for Life, charged with £1.2 million fraud
Forestry for Life was a forest carbon trading company set up in 2009 with the aim of raising US$5 billion by 2013. The plan failed dramatically, and this year the company’s founder and director, Matthew Ames, appeared at the Old Bailey, charged with fraud.
Debate: Should California cap and trade use forestry offsets?
The debate about whether California should allow REDD carbon offsets in its cap and trade scheme (AB 32) continues. Over the weekend, the Sacramento Bee published two opinion pieces, one opposing REDD credits and one in favour.
Response from Advanced Global Trading: “We can only hope that you amend the title and the last paragraph of your article”
Recently, REDD-Monitor wrote about a company called Advanced Global Trading that sells voluntary carbon credits to the public as an investment.
Why doesn’t VCS warn against buying carbon credits as an investment?
There are many reasons not to buy voluntary carbon credits as an investment. The price is likely to fall over time. There is no secondary market. And you’re more than likely to be ripped off when you buy carbon credits.