“Carbon trading does not reduce emissions, will not deliver money where it is needed on the ground and will not recognize the important role that communities play in protecting forests.”
Tag: Financing REDD
“Very encouraging.” That’s how Per Fredrik Pharo, Director of Norway’s International Climate and Forest Initiative describes Indonesia’s peatland (mis)management
The fires in Indonesia this year are the greatest environmental disaster of the 21st century (so far). An area of about 2.5 million hectares of forest and peatland burned. Visibility was reduced to 30 metres in places. At least 19 people died. By the end of October, there were 500,000 cases of respiratory tract infections.
I’m a GNU. How do you do? A REDD animal appears in Paris with a promise of US$5 billion
On the first day of the UN climate negotiations in Paris, the governments of Germany, Norway and the United Kingdom pledged US$5 billion for REDD, between 2015 and 2020. The GNU countries say they “have signaled they will increasingly target results-based finance for countries who deliver verified REDD+ emission reductions”.
The incredible story of Papua New Guinea’s April Salumei REDD project
A company called London Carbon Neutral Ltd and eight linked companies have been shut down in the High Court in London. The companies were shut down after “high pressure and intimidating sales people had targeted the elderly and vulnerable” to sell them carbon credits as investments.
REDD and voluntary carbon markets: Prices falling as supply exceeds demand
Ecosystem Marketplace’s “State of the Voluntary Carbon Markets 2015” report tells us that a total 87 million carbon offsets were transacted in 2014, an increase of 13.6% compared to 2013. A total of 25 million avoided deforestation offsets were transacted.