There are 291 posts tagged Financing REDD (this is page 1 of 20).
On 16 February 2019 in Jakarta, Norway’s Minister of Climate and Environment, Ola Elvestuen, and Indonesia’s Minister of Environment and Forestry, Siti Nurbaya Bakar, announced that Norway is planning to make a payment for reduced emissions from deforestation to Indonesia.
“Carbon markets have spectacularly failed to curb greenhouse gas emissions for over a decade, and it has been demonstrated that they suffer from unresolvable conceptual issues, such as the inexistence of a reliable price signal. As a result, they will never work and should be abandoned.”
A proposal from Brazil for results-based payments from the Green Climate Fund will be considered by the GCF board at the end of this month. If approved, it would set a terrible precedent, wasting GCF money without creating any incentive to protect forests in the future.
As climate breakdown gets worse, the corporations most responsible are looking for ways to continue profiting from ever increasing greenhouse gas emissions. Norway’s oil company Equinor is a classic example of this. The company plans to continue drilling oil – including in the Arctic – while investing in “natural climate solutions” to offset its emissions.
“The technology is well known and has been available for thousands of years. Everybody knows how not to cut down a tree.” That spectacularly naive comment came from Norway’s then-prime minister Jens Stoltenberg in December 2007 at the launch of Norway’s International Climate and Forest Initiative (NICFI).
In September 2018, the California Air Resources Board released a draft California Tropical Forest Standard and a Draft Environmental Analysis. The California Air Resources Board invited comments on the Environmental Analysis by 5 pm on 29 October 2018.
At 5.45 pm on 22 December 1988, Chico Mendes, Brazilian rubber tapper and trade union leader was assassinated in the doorway of his home in Xapuri, Acre. Two meetings in Xapuri this month show that Mendes legacy is disputed.
Eleven years ago, almost to the day, the government of Norway put out a press release: “Norway is prepared to increase its support for efforts to prevent deforestation in developing countries to about three billion kroner a year.” That’s about US$550 million per year.
On 20 November 2018, Equinor, one of the largest oil and gas firms in the world, wrote to Patricia Espinosa, the Executive Secretary of the UN Framework Convention on Climate Change. The first sentence spells trouble. “The way you lead the important work to deliver solutions to the global climate challenge is of great inspiration to us,” Equinor’s CEO Eldar Sætre writes.
At the end of last week, California’s Air Resources Board held a public meeting to consider the endorsement of the California Tropical Forest Standard. After several hours and dozens of testimonies for and against the Tropical Forest Standard, the Board decided to postpone making a decision until April 2019.
Since May 2018, if you buy ice cream from Ben & Jerry’s Scoop Shop in Wardour Street, London, you will also buy a small part of a carbon credit. For every scoop of ice cream, a penny goes to buying carbon credits from the Cordillera Azul National Park REDD project in Peru.
The World Bank and the government of the Democratic Republic of Congo are coming to the end of negotiations about the country’s Emission Reductions Payment Agreement. While no official announcement has yet been made, REDD-Monitor understands that the Agreement was signed last week.
“Early evidence from REDD+ projects suggests major challenges, including: ongoing weak enforcement of domestic laws on forests and land, leading to limited effectiveness; contestation or conflict over property rights and community benefits; as well as securitisation and violence, often perpetrated by government agencies.”
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.
Last month saw the Oslo Tropical Forest Forum 2018, 10 years after REDD was included in the Bali Road Map, at the UN climate negotiations in December 2007. “The goal of the forum is to celebrate results and identify remaining challenges,” according to the Norwegian Agency for Development Cooperation’s website about the event.
