On 1 February 2018, the Democratic Republic of Congo’s forests were dealt a double blow. First, DRC’s Minister of Environment, Amy Ambatobe, reinstated three illegal logging concessions covering an area of 6,500 square kilometres. Second, DRC’s president, Joseph Kabila, signed off on three oil exploration concessions covering a huge area of Mai Ndombe province, including…
Tag: Financing REDD
The Kariba REDD project in Zimbabwe: From carbon credits to EARTH tokens
The extraordinary story of the Kariba REDD project in Zimbabwe. Featuring cryptocurrencies, Earth Tokens, carbon credits, and tax havens.
A new project aimed at stopping forest fires in Aceh province, Indonesia involves blockchain, a smart contract, a decentralised platform for Ethereum, and Dorjee Sun. What could possibly go wrong?
Dorjee Sun is the CEO of Carbon Conservation, a company set up 10 years ago to run REDD projects. The company’s first REDD project was the Ulu Masen REDD project, in Aceh province on the island of Sumatra, Indonesia. Sun partnered with Aceh’s “green governor”, Yusuf Irwandi, and Flora and Fauna International, to run the…
Unanswered questions about WWF’s REDD project in Mai Ndombe, Democratic Republic of Congo
Ten days ago, REDD-Monitor sent some questions to Hicham Daoudi, project manager of WWF’s REDD project in Mai Ndombe, Democratic Republic of Congo. The questions were a follow up to a post on REDD-Monitor that was based on a critical report about the REDD project, written by LICOCO, a Congolese NGO.
Prince Charles’ offshore investment in Sustainable Forestry Management Ltd: A cautionary tale featuring conflicts of interest, a web of offshore companies, carbon credits, transfer pricing, and tax avoidance galore
By Chris Lang Sustainable Forestry Management Ltd was the name of a company incorporated in the Bahamas in October 1999. The company set up forestry projects and traded carbon credits. Its directors included Eric Bettelheim (Executive Chairman and General Counsel), Alan Bernstein (Chief Executive Officer), and Hugh van Cutsem (Director).