By Chris Lang A group of Paraguayan and international organisations have sent an open letter to the board of the Green Climate Fund which will meet in Songdo, Republic of Korea, from 12 to 14 November 2019. Several of the funding requests under consideration are related to REDD, including an extraordinarily bad proposal to subsidise…
Tag: Green Climate Fund
Tell the the Green Climate Fund: No to IFC subsidies for REDD offsets! No to REDD funding!
By Chris Lang The Board of the Green Climate Fund will meet in Songdo, Republic of Korea, from 12 to 14 November 2019. Several funding requests are related to REDD, in Chile, Paraguay, and Laos. Particularly egregious is a funding request from the International Finance Corporation for a “Multi-Country Forest Bonds Programme”. The IFC programme…
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.
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.