By Chris Lang A two day meeting is currently taking place at the Columbia Law School in New York of the Private Sector Advisory Group to the Green Climate Fund. On the agenda is the Green Climate Fund’s funding of forestry projects.
Tag: Financing REDD
REDD is “no silver bullet”, admits Ola Elvestuen Norway’s Minister of Climate and Environment
Speaking at the Oslo Tropical Forest Forum 2018, Norway’s Ola Elvestuen admits that REDD is “no silver bullet”.
Norway’s Office of the Auditor General investigation into Norway’s rainforest billions: “Progress and results delayed, uncertain feasibility and effect, risk of fraud not well managed”
Over the past ten years, Norway has handed out almost US$3 billion (NOK 23.5 billion) on stopping tropical deforestation. On 15 May 2018, the Office of the Auditor General completed its investigation into Norway’s International Climate and Forest Initiative. The report is critical.
Norway is “throwing money out of the window” in the Democratic Republic of Congo
Norway has spent NOK 1 billion on saving the rainforest in the Democratic Republic of Congo. But deforestation in DRC is increasing rapidly. On 12 May 2018, Dagsrevyen, the Norwegian Broadcasting Corporation’s daily news programme reported on Norway’s failure to address deforestation in DRC.
REDD myth no. 4: REDD will be quick and cheap
In December 2007, Norway’s then-prime minister Jens Stoltenberg launched Norway’s International Climate and Forest Initiative (NICFI). Stoltenberg announced that Norway would be handing out more than US$500 million a year “to prevent deforestation in developing countries”. Stoltenberg was convinced that stopping deforestation would be quick and cheap.