The Somicongo REDD+ concession in Mai Ndombe province, in the Democratic Republic of Congo was, until early 2018, a logging concession covering an area of almost 300,000 hectares. As Global Witness pointed out in a 2015 report about the logging industry in the DRC, the contract, management plan, and social agreement for the logging concession…
Tag: Financing REDD
Unfortunately, the age of offsets is not over. The aviation industry is planning to fry the planet with offsets
In April 2019, George Monbiot said, “I believe the age of offsets is over – I don’t think it should ever have begun – because it’s now clear that we have to decarbonise our economies pretty comprehensively across all sectors.” He’s written the same thing a couple more times recently.
Norway and Brazil’s negotiations about the Amazon Fund are ignoring the failure to address the drivers of deforestation
Norway and Brazil are currently negotiating the future of the Climate and Forest Agreement between the two countries. In a press statement, the Norwegian government claims that, “From Norway’s point of view, the Amazon Fund has worked well until now.”
IFC’s forest bonds: Quantitative easing for sub-prime REDD carbon credits
A recent report by the Rainforest Foundation UK describes the potential scaling up of the International Finance Corporation’s Forest Bonds programme as “One of the most worrying evolutions of GCF activities in the Congo Basin”.
“Good money after bad?” A new report by the Rainforest Foundation UK is critical of the Green Climate Fund’s plans in the rainforests of the Congo Basin
“Good money after bad? Risks and opportunities for the Green Climate Fund in the Congo Basin Rainforests”, is the title of a new report by the Rainforest Foundation UK. The report focusses on the GCF and REDD, followed by a critical overview of the GCF’s planned projects in the forests of the Congo Basin.