A commentary on Bloomberg’s reporting on how carbon offset markets help to delay action on the climate crisis.
Tag: The Nature Conservancy
The Nature Conservancy’s fake forest offsets
By Chris Lang Last week, Bloomberg Green published a great article about The Nature Conservancy and how it became “a dealer of meaningless carbon offsets”.
Offsetting fossil fuel emissions with tree planting and ‘natural climate solutions’: science, magical thinking, or pure PR?
By Chris Lang (REDD-Monitor) and Simon Counsell (Rainforest Foundation UK) Unlike carbon capture and storage systems, trees do actually take carbon out of the atmosphere and store it – temporarily, at least. In theory, planting enough new trees, and allowing existing forests to grow and regenerate, could mop up some of the excess CO2 now…
Recent academic review describes REDD readiness in Indonesia as a “failure”
“The REDD+ readiness phase leading up to implementation has been slow and has fallen short of expectations.”
Companies won’t meet the New York Declaration or the Tropical Forest Alliance 2020 deforestation targets. The Nature Conservancy tells us “that’s okay” and TFA says “let’s not dwell on it”
In September 2014, more than 50 companies signed on to the New York Declaration on Forests. The declaration has a target to “At least halve the rate of loss of natural forests globally by 2020 and strive to end natural forest loss by 2030.”