By Chris Lang Tax havens exist so that individuals and corporations can avoid paying income taxes. Registering a company in a tax haven is not illegal. Just a way of avoiding paying tax.
Tag: Carbon Offsets
Can flying go green? Spoiler alert: No
By Chris Lang This week, the British TV programme Panorama asked the question, “Can flying go green?” “Our passion for plane travel is warming the planet,” says Panorama’s reporter, Justin Rowlatt. “Tonight we investigate how the industry is trying to clean up its act, and ask how much can we trust their environmental promises?” About…
Tell the the Green Climate Fund: No to IFC subsidies for REDD offsets! No to REDD funding!
By Chris Lang The Board of the Green Climate Fund will meet in Songdo, Republic of Korea, from 12 to 14 November 2019. Several funding requests are related to REDD, in Chile, Paraguay, and Laos. Particularly egregious is a funding request from the International Finance Corporation for a “Multi-Country Forest Bonds Programme”. The IFC programme…
Green Finance Observatory: Five major problems with natural climate solutions
By Chris Lang Recently, the so-called “forgotten solution” of natural climate solutions has been widely promoted. More than 150 nature-based solutions were announced at the recent UN Climate Action Summit in New York.
CORSIA: Offsetting emissions from aviation is a “dangerous, deeply flawed distraction”
The aviation sector is one of the fastest growing sources of greenhouse gas emissions. In 2013, commercial airlines burned through 74 billion gallons of fuel, emitting 710 million tons of CO2. By 2018, fuel consumption had increased to 94 billion gallons, and CO2 emissions had increased to 905 million tons.