When it was launched in 2007, Australia’s Kalimantan Forest Carbon Partnership was going to be “practical climate change action that could deliver immediate and tangible benefits”. But five years later, the project has little more to show for the A$30 million spent than 50,000 tree seedlings planted.* That’s 0.05% of the target of 100 million…
Tag: Carbon Offsets
The World Bank’s spin on carbon markets
“The total value of the carbon market grew by 11 percent in 2011, to $176 billion”, the World Bank announced this week. The occasion was the launch of the Bank’s “State and Trends of the Carbon Market 2012”. But as Oscar Reyes notes, the carbon market growth is “more spin than substance”.
Disagreement on REDD finance during the “stalemate” climate negotiations in Bonn
Last year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency. Fatih Birol, IEA’s chief economist told Reuters that, “[T]he trend is perfectly in line with a temperature increase of 6 degrees Celsius (towards the end of this century), which would have devastating consequences…
The atmosphere business
The most recent issue of the journal ephemera is titled “The atmosphere business”. It “takes on the political and economic logic of the atmosphere business, putting it under renewed critical scrutiny”, questioning the underlying ideologies and assumptions and the contradiction of “climate capitalism”.
Critical views of California’s carbon offsets from the USA and Mexico
Two views of California’s new cap and trade programme, both looking at problematic forestry offsets. The first looks into carbon offsets from forestry operations in California. The second looks at the impact of REDD-type projects in Chiapas, Mexico.