Last week REDD-Monitor posted an open letter to the Board of the Green Climate Fund written by the World Rainforest Movement. The open letter, which was signed by over 100 organisations, urged the board to say no to the International Finance Corporation’s funding proposal, “Climate Bonds for Forests: Scaling up Private Sector Financing for REDD+”….
Tag: WRM
Tell the the Green Climate Fund: No to IFC subsidies for REDD offsets! No to REDD funding!
The Board of the Green Climate Fund will meet in Songdo, Republic of Korea, from 12 to 14 November 2019. Several funding requests are related to REDD, in Chile, Paraguay, and Laos. Particularly egregious is a funding request from the International Finance Corporation for a “Multi-Country Forest Bonds Programme”. The IFC programme would subsidise private…
Aviation and false solutions: The farce of the “Florestal Santa Maria” REDD project in Mato Grosso, Brazil
When a company buys REDD carbon credits to offset its continued pollution, it relies on certification organisations such as Verra (previously called Verified Carbon Standard) and the Forest Stewardship Council to prove that the project is genuine, well managed, and really does result in reduced emissions. World Rainforest Movement recently visited the state of Mato…
REDD Early Movers: The fallacy of the Green Economy
World Rainforest Movement recently published a statement, signed by 26 Brazilian organisations, opposing REDD. Specifically, the statement is in opposition to the German-funded REDD Early Movers programme in the state of Mato Grosso. So far, REM has operated in the state of Acre. The NGO statement describes REM as an example of how “Foreign capital…
FAO definition must recognise that plantations are not forests!
In 2009, Nophea Sasaki and Francis Putz wrote a paper titled, “Critical need for new definitions of ‘forest’ and ‘forest degradation’ in global climate change agreements”. Their concern was that, under current definitions of forests, “great quantities of carbon and other environmental values will be lost when natural forests are severely degraded or replaced by…