By Chris Lang (REDD-Monitor) and Simon Counsell (Rainforest Foundation UK) Unlike carbon capture and storage systems, trees do actually take carbon out of the atmosphere and store it – temporarily, at least. In theory, planting enough new trees, and allowing existing forests to grow and regenerate, could mop up some of the excess CO2 now…
Tag: Financing REDD
Green Finance Observatory: Carbon markets “will never work and should be abandoned”
Green Finance Observatory: New report notes that “Carbon markets have spectacularly failed to curb greenhouse gases for over a decade. . . “
Brazil’s funding proposal for REDD results-based payments to the Green Climate Fund would set a terrible precedent
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.
REDD funded by the oil industry cannot be “sustainable development”. Norwegian oil company Equinor continues its climate masquerade
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 lost REDD decade. Highlighted by counterfactual baseline nonsense in the Democratic Republic of Congo
“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).