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.
A company called Vision 2050 Forestry claims to be the “leading forestry company in West Africa”. According to the company, between September 2008 and February 2010 more than 300,000 people signed up to Vision 2050 Forestry’s Carbon Credit Project. The company claims that 150 million trees were planted and “five million people are expected to…
In June 2016, I wrote a post based on a paper published in the International Forestry Review titled, “The ‘virtual economy’ of REDD+ projects: does private certification of REDD+ projects ensure their environmental integrity?”.
In order for REDD projects to generate carbon credits, a “baseline scenario” has to be created. This is supposed to reflect what would have happened under business-as-usual, or what would have happened in the absence of the REDD project.
Carlos Klink, secretary of the climate change unit at Brazil’s environment ministry, recently told Bloomberg that Brazil would use REDD credits generated in the country to meet its own emissions targets. Where does that leave California, which is considering using REDD credits from the Brazilian state of Acre?