There are 7 posts tagged NICFI (this is page 1 of 1).
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.
Norway is the world’s fifth largest oil exporter. As a result, Norway is a very rich country. At the same time, Norway cares about addressing climate change. Or, to be more honest, it wants to appear on the world stage as caring about climate change.
In 2007, sustainable forest management was written into the definition of REDD in the Bali Action Plan. Ten years later, the main funder of REDD, the Norwegian government, has commissioned a review of sustainable forest management.
In September 2016, Jonah Busch of the Center for Global Development wrote a blog post about the aviation industry’s crazy proposals to “address” climate change by offsetting its ever increasing emissions. Busch is in favour of using REDD credits to offset pollution from flying.
Norway’s plans to save the rainforests in the Congo are coming under scrutiny in the Norwegian media.
The Amaila Falls Hydropower Project is the keystone of Guyana’s Low Carbon Development Strategy, that was launched in 2009 by then-President Bharrat Jagdeo. But the project has been on hold since August 2013, when the project developer, Blackstone Group’s Sithe Global pulled out.
Norway launched REDD in Tanzania in 2008, with a promise to fund US$83 million over a five year period. But in a recent article in Development Today, Jens Friis Lund, Mathew Bukhi Mabele and Susanne Koch argue that Norway’s involvement in REDD in Tanzania “failed to produce models that work”.
