In November 2017, Fern published a report titled, “Unearned credit: Why aviation industry forest offsets are doomed to fail”. The report takes aim at the aviation industry’s planned carbon trading mechanism, the Carbon Offsetting and Reduction Scheme for International Aviation.
Tag: Wildlife Works
Is Wildlife Work’s Mai Ndombe REDD+ project “additional”?
For a REDD project to generate carbon credits, the project developer has to write a story about what would have happened without the project. This story, or baseline scenario, is crucial to REDD. As long as the actual deforestation is less than the deforestation in the baseline scenario, the REDD project can generate carbon credits.
REDD inequity writ large: €4.4 million for Althelia Climate Fund in “management fees”, while villagers in Kenya ask “How is the carbon benefiting me?”
By Chris Lang A new report by Re:Common and Counter Balance investigates the Althelia Climate Fund and its investment in a REDD project in Kenya. The report highlights the findings of a July 2016 visit to the Kasigau Corridor REDD+ project area in Kenya.
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…
Roots of inequity in Wildlife Works’ Kasigau Corridor REDD Project
“Efficient reduction in carbon emission has … been the raison d’être of REDD+. A hotly debated issue surrounding REDD+ is how much such measures should adhere to social safeguards, address equity concerns and provide other co-benefits beyond carbon storage, such as bio-diversity conservation and poverty alleviation.”