By Chris Lang At its 25th board meeting from 10-12 March 2020, the Green Climate Fund is due to decide whether to provide US$25 million to the Arbaro Fund. The money, together with a further US$175 million co-financing largely from other public sources, would be used to establish 75,000 hectares of commercial tree plantations in…
Tag: WRM
International Finance Corporation has withdrawn its REDD Climate Bonds proposal to the Green Climate Fund
By Chris Lang 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…
Tell the the Green Climate Fund: No to IFC subsidies for REDD offsets! No to REDD funding!
By Chris Lang 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…
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…