Two stories about the current failure of carbon trading as a way of raising money to address climate change: First, the Adaptation Fund, which has seen its income from a tax on carbon credits dry up; Second, an exchange between Conservation International and the World Bank, which are both pro-carbon trading, but only one seems…
Tag: Financing REDD
Opposition to REDD in California’s cap-and-trade scheme continues
The debate about whether REDD credits should be included in California’s cap-and-trade scheme continues. This week, a group of social and environmental NGOs wrote to Jerry Brown, California’s governor, opposing REDD and requesting a meeting with Brown and Mary D. Nichols, the Chair of the California Air Resources Board.
Almost half of Norway’s climate and forest aid remains unspent
In 2007, at the UN climate negotiations in Bali, Norway’s Prime Minister Jens Stoltenberg announced his ambitious plans to save tropical forests. Six years later, Norway has disbursed more than US$1.4 billion but almost half of that remains unspent.
Indonesia’s REDD+ Agency “will not be able to take any actions” says Ministry of Forestry Secretary General
On 2 September 2013, Indonesia established its REDD+ Agency. As with just about everything else to with REDD in Indonesia (with the exception of the dozens of REDD workshops that have taken place in Jakarta’s luxury hotels), the process of setting up the REDD+ Agency was delayed.