Yesterday, REDD-Monitor wrote about the impact of Green Resources’ plantations on local communities in Uganda. The post was based on a new report by the Oakland Institute, “The Darker Side of Green: Plantation Forestry and Carbon Violence in Uganda”.
A new report by the Oakland Institute introduces the term “carbon violence” to describe the impact of Green Resources’ plantation operations in Uganda on local communities and their environment. Green Resources is a Norwegian-registered plantation company with 41,000 hectares of plantations in Africa, in Mozambique, Tanzania and Uganda.
Last week, the clean development mechanism registered its 7,000th project. At a first glance, the statistics look impressive. Over a 10 year period, the CDM has issued 1.3 billion carbon credits, added 110,000 Mega Watts of renewable energy and seen US$215 billion invested in low carbon projects in the Global South.
In 2012, the value of global carbon markets fell by 35%, from €96 billion to €62 billion. The average global carbon price fell by 49% to €5.82 per tonne in 2012, down from €11.45/t in 2011 and €13.09/t in 2010.