The Corridor Ankeniheny-Zahamena is a 382,000-hectare REDD project in Madagascar being carried out by Conservation International, with support from the World Bank. A new study shows that the project is not compensatingmany of the people whose livelihoods are impacted by the restrictions on forest use.
A new paper in Conservation Biology starts with the following sentence: “Increasingly, one hears furtive whispers in the halls of conservation: ‘REDD+ is dead; it’s time to cut our losses and move on.’”
“It’s very attractive. The earnings are very high and we’ve got hybrid material now. You harvest in the 24th month, and the repayment period is about seven years at the most… For the next 20 years it’ll be laughing yourself all the way to the bank.”
Capital Alternatives was part of large network of companies that sold investments in hotels, carbon credits, agricultural land, Voice over Internet Protocol, timber, diamonds, gold, platinum, or water bonds.
Among the services that a company called Kession Capital provides is to “Lend our FCA permissions to new and existing firms”. These new and existing firms are “appointed representatives” of Kession Capital.
A company calling itself Vanguard Trading International (or Vanguard UK Trading, or Vanguard Trading UK, or Vanguard Global Financial Intermediaries) is cold calling retail investors who have been scammed into buying carbon credits. Vanguard claims to be able to sell the carbon credits. Of course, there’s an advanced fee to be paid. And, of course, Vanguard is running a recovery room scam.
In the northeast of Guatemala is the site of one of the largest community forests in the world, covering almost half a million hectares of forest. It is part of the Maya Biosphere Reserve, established by the Government of Guatemala in 1990.
In early November 2015, the Board of the Green Climate Fund (GCF) met in Livingston, Zambia. During the meeting it approved US$168 million funding for eight projects. One of these projects aims to deforestation in wetlands on largely indigenous peoples’ territories in the province of Datem del Marañón in Peru.
“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.”