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…
Tag: Carbon Offsets
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”.
Interview with Larry Lohmann, The Corner House: “Carbon markets do not need to be ‘fixed’. They need to be eliminated”
We have more than 20 years of evidence that carbon markets have failed to address the climate crisis. Yet carbon trading is booming. The oil industry plans to use natural climate solutions to greenwash its operations, and the aviation industry plans to use carbon offsets to allow its emissions to continue increasing.
Colombia is evaluating Winrock International’s Architecture for REDD+ Transactions standard
By Chris Lang In December 2019, the governments of Colombia, Norway, Germany, and the UK signed a Joint Declaration of Intent on REDD and promoting sustainable development in Colombia. In August 2020, Ricardo José Lozano Picón, Colombia’s minister for Environment and Sustainable Development wrote to Mary Grady at Winrock International, to tell her that Colombia…
Guest Post: Forests, carbon markets, and capitalism. How deforestation in Indonesia became a geo-political hornet’s nest
Dr Bernice Maxton-Lee is the author of Forest Conservation and Sustainability in Indonesia: A Political Economy Study of International Governance Failure, published in 2020 by Routledge. She submitted this Guest Post about deforestation in Indonesia.