In his book “Foreclosing the Future”, Bruce Rich notes that one of the lessons of 20 years of the World Bank is “governance first”. Even the best designed projects will fail in the absence of proper institutional and legal capacity.
BluForest describes itself as “a publicly traded carbon offsets marketing company that is setting a new standard for sustainable business in carbon offset credit trading.” BluForest owns 135,000 hectares of forest in Ecuador, “from which it will generate tradable carbon credits”.
A new report from INTERPOL describes the crimes that have already taken place in global carbon markets and warns that “The intangible nature of the global carbon trading markets puts them at risk for exploitation by criminal networks”.
In February 2013, Siri Gedde-Dahl, a journalist with Norway’s Aftenposten newspaper, investigated corruption in a REDD project in Tanzania funded by Norway. In a recent Aftenposten article, Gedde-Dahl reports that Wildlife Conservation Society of Tanzania, the Tanzanian NGO that was running the project, has collapsed.
On 23 January 2013, REDD-Monitor wrote about the dangers of corruption in the Democratic Republic of Congo. Part of the post was about a presentation that Lars Ekman, a senior advisor at Norad, gave on REDD and the risks of corruption.