By Chris Lang Shell promises drivers in Denmark that they can become “CO2 neutral” when they buy carbon offsets with the petrol on sale in Shell’s petrol stations. Recently, three investigative journalists with the Danish newspaper Politiken spoke to a series of experts who point out that customers cannot trust Shell’s forest conservation promises. Morten…
Tag: Natural Climate Solutions
Nature-based madness: A US$1.2 trillion carbon market by 2050?
By Chris Lang A new report by the UN’s Principles for Responsible Investment makes the claim that, “forest-related Nature-Based Solutions (NBS) could generate US$800 billion in annual revenues by 2050, worth US$1.2 trillion today in NPV [net present value] terms, surpassing the current market capitalisation of the oil & gas majors”.
Interview with Larry Lohmann, The Corner House: “Carbon markets do not need to be ‘fixed’. They need to be eliminated”
We have more than 20 years of evidence that carbon markets have failed to address the climate crisis. Yet carbon trading is booming. The oil industry plans to use natural climate solutions to greenwash its operations, and the aviation industry plans to use carbon offsets to allow its emissions to continue increasing.
Ten pitfalls of massive tree planting campaigns like the World Economic Forum’s trillion trees initiative
By Chris Lang “Scientists, corporations, mystics, and movie stars have convinced policymakers around the world that a massive campaign to plant trees should be an essential element of global climate policy. Public dialogue has emphasized potential benefits of tree planting while downplaying pitfalls and limitations that are well established by social and ecological research.”
Banking on Nature: HSBC partners with Pollination for US$6 billion “natural capital” investment
By Chris Lang HSBC Global Asset Management and Pollination Group have announced a series of planned billion-dollar funds targetting “natural capital”. The new venture will be called HSBC Pollination Climate Asset Management and aims to raise US$6 billion from institutional investors. But handing over conservation to bankers and neoliberal economists will be a disaster for…