In 2011, a Swiss company called World Markets AG bought five million “carbon benefit units”. They came from the April Salumei REDD project in Papua New Guinea. World Markets sold the “carbon benefit units” at a profit of over US$5 million.
Tag: R-M interview
WWF responds to REDD-Monitor’s questions about its partnership with logging company Rougier in Cameroon. After only 16 months. The questions are only partially answered. And the answers are woefully inadequate
In June 2016, REDD-Monitor wrote about WWF’s partnership with Rougier, a French logging company, in Cameroon. Survival International had accused WWF of partnering with a company that is logging the forests without the consent of the local indigenous Baka communities. REDD-Monitor followed up some questions to WWF about its partnership with the loggers.
Gunnela Hahn, Church of Sweden: “Althelia does not pay out any dividends”
Yesterday, REDD-Monitor wrote about the Althelia Climate Fund. The post was based on a new report published by Re:Common and Counter Balance. The report focussed on Althelia’s REDD projects in Kenya as well the financial structure of the fund.
Response from IFC fails to answer any of REDD-Monitor’s questions about its “Forest Bond”
On 1 November 2016, I wrote about the International Finance Corporation’s launch of a US$152 million “forest bond”. I also sent some questions to the IFC about the bond issue:
Some questions for the IFC about its “Forest bonds”
On 1 November 2016, I wrote about the International Finance Corporation’s launch of a US$152 million bond. According to the IFC’s press release, the bond will “protect forests and deepen carbon-credit markets”. The reality is that the IFC is bailing out Wildlife Works’ Kasigau Corridor REDD project in Kenya, a project that had failed to…