By Chris Lang Gurpreet Singh Rai, or Gurps to his friends, describes himself as someone who was a “prominent figure of the Carbon Market”. He claims to have created history in 2011, when he became “the first person to successfully facilitate a commodity trade using a virtual currency”.
NGOs oppose the oil industry’s Natural Climate Solutions and demand that Eni and Shell keep fossil fuels in the ground
Oil giants Eni and Shell have both recently announced plans to use trees to offset some of their ever increasing carbon emissions. Yesterday, NGOs put out a statement opposing the oil industry’s attempts to avoid its responsibility for climate breakdown. The statement is signed by six organisations (Friends of the Earth Mozambique and South Africa;…
California’s “lenient leakage accounting” means that emissions reductions from forest offsets may never happen
California’s cap-and-trade scheme has resulted in payments of hundreds of millions of dollars to forest owners. But a recent policy brief by Barbara Haya at the University of California, Berkeley argues that California may have exaggerated the emissions reductions of these forestry projects by as much as 80 million tons of carbon dioxide.
Questions for the Harapan Rainforest Project: Land conflicts, deforestation, funding, and the proposed construction of a coal transportation road
The Harapan Rainforest Project covers an area of 100,000 hectares of lowland forest in South Sumatra and Jambi provinces, Indonesia. That’s about one-fifth of the lowland rainforest remaining in Sumatra. The forest was a state-run logging concession and was logged intensively in the past, but since 2008 it has been managed by Resotrasi Ekosistem Indonesia…
Members of the European Parliament urge California to exclude REDD from its cap and trade scheme: “Adopting the Tropical Forest Standard would water down climate ambition in California, the EU, and globally”
Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting.