In April 2019, George Monbiot said, “I believe the age of offsets is over – I don’t think it should ever have begun – because it’s now clear that we have to decarbonise our economies pretty comprehensively across all sectors.” He’s written the same thing a couple more times recently.
Serious Fraud Office charges Andrew Skeene and Omari Bowers, former directors of Global Forestry Investments
Serious Fraud Office charges Skeene and Bowers with conspiracy to defraud, forgery, and misconduct in the course of winding up.
The Arctic is burning
The Arctic is burning. Those four words should terrify anyone who reads them. From Russia, to Greenland, to Canada, to Alaska more than 100 wildfires are burning. So far this year, Arctic fires have release 121 million tons of CO2. That’s more than the annual emissions of Belgium.
Norway and Brazil’s negotiations about the Amazon Fund are ignoring the failure to address the drivers of deforestation
Norway and Brazil are currently negotiating the future of the Climate and Forest Agreement between the two countries. In a press statement, the Norwegian government claims that, “From Norway’s point of view, the Amazon Fund has worked well until now.”
IFC’s forest bonds: Quantitative easing for sub-prime REDD carbon credits
A recent report by the Rainforest Foundation UK describes the potential scaling up of the International Finance Corporation’s Forest Bonds programme as “One of the most worrying evolutions of GCF activities in the Congo Basin”.