This week saw the UN Climate Action Summit in New York. The highlight was Greta Thunberg’s “How dare you?” speech. She pointed out that the remaining CO2 budget will be gone in less than nine years at today’s emissions levels. “There will not be any solutions or plans presented in line with these figures here…
A two day meeting is currently taking place at the Columbia Law School in New York of the Private Sector Advisory Group to the Green Climate Fund. On the agenda is the Green Climate Fund’s funding of forestry projects.
Conservation International and the University of Guyana recently accepted US$10 million from ExxonMobil Foundation. This grant (or “investment”, as ExxonMobil likes to call it) reveals a lot about Conservation International and its support for the REDD carbon trading scheme.
A recent study looks at the costs to local communities of the Ankeniheny-Zahamena Corridor REDD project in eastern Madagascar. “Conservation restrictions result in very significant costs to forest communities,” the study concludes.
The Ankeniheny-Zahamena Corridor “has long been regarded as one of Madagascar’s top conservation priorities,” Conservation International tells us on its website. Conservation International is running a REDD project there covering more than 371,000 hectares.