The International Civil Aviation Authority is currently considering how it can continue to expand while appearing to address greenhouse gas emissions from flying. Predictably, for a massively polluting industry with huge plans to expand, buying cheap offsets looks very attractive.
Tag: Financing REDD
World Bank on REDD in the Democratic Republic of Congo: “Rome wasn’t built in a day”
Today is the second and final day of the Oslo REDD Exchange. Yesterday’s post featured the World Bank’s Paula Caballero demonstrating that she has perfected the art of speaking for 10 minutes without actually saying anything much.
The European Investment Bank and USAID are supporting REDD through Althelia Climate Fund: A financial intermediary based in the tax haven of Luxembourg
On 13 June 2013, the European Investment Bank agreed to give up to €25 million to Athelia Climate Fund. This is the first time that the European Investment Bank has funded a European carbon fund. It is also the first time that the EIB has supported REDD, and it is doing so through a financial…
Norway admits that “We haven’t seen actual progress in reducing deforestation” in Indonesia
Six years ago, Norway and Indonesia signed a US$1 billion REDD deal. This week the Financial Times published an article about how the attempts to preserve Indonesia’s forests are going. The only good news is that in more than 3,800 words, Pilita Clark, the FT journalist, doesn’t mention REDD once.
COP21 Paris: REDD and carbon markets
COP21 Paris: The Paris Agreement includes REDD and a new carbon trading mechanism. That’s the worst possible outcome for the climate.