By Chris Lang A new report by Greenpeace investigates VW’s “climate neutral” production claims for its new ID series of electric cars. Greenpeace concludes that VW has done too little to reduce its CO2 emissions, and that the carbon credits bought from the Katingan REDD project in Indonesia are neither additional nor permanent. VW’s claims…
World Rainforest Movement: “Say NO to Green Climate Fund money for REDD in Nicaragua!”
By Chris Lang World Rainforest Movement has written an Open Letter calling on Board members of the Green Climate Fund to reject the US$60 million funding request submitted by the Central American Bank for Economic Integration on behalf of the Nicaraguan government. Organisations can sign the Open Letter before Friday, 6 November 2020.
REDD notes: 2 November 2020
By Chris Lang This week’s REDD notes. Follow @reddmonitor on Twitter for more links to news about forests, the climate crisis, natural climate solutions, the oil industry, greenwash, carbon offsetting, etc.
Response from Guy Conroy, CEO of Green IS Group Limited: “We are giving you the opportunity to correct your article or remove it until it is accurate prior to issuing any legal takedown notice”
By Chris Lang In July 2020, REDD-Monitor wrote about a company called Green IS Group. The company offers investments in “Green Bonds”. Based on what the company itself says about the investment, I described the bonds as “an extremely high risk, completely unregulated investment”.
Nature-based madness: A US$1.2 trillion carbon market by 2050?
By Chris Lang A new report by the UN’s Principles for Responsible Investment makes the claim that, “forest-related Nature-Based Solutions (NBS) could generate US$800 billion in annual revenues by 2050, worth US$1.2 trillion today in NPV [net present value] terms, surpassing the current market capitalisation of the oil & gas majors”.