In August 2012, the Independent Evaluation Group of the World Bank published a review of the Forest Carbon Partnership Facility (FCPF). The review revealed some serious problems with the FCPF and the Independent Evaluation Group recommended that the World Bank should re-think its approach to REDD.
Peter Holmgren is Director General of the Centre for International Forestry Research. In January 2017, he was invited to give a keynote presentation at the International Society of Tropical Foresters conference at Yale University. During his presentation, Holmgren announced that REDD has disappeared.
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 plantations but technically remain ‘forests.’”
The Eco Resources Fund was launched in July 2012 in the Isle of Man. Via a special purpose vehicle called ERF Limited, the Fund invested in bamboo plantations in Nicaragua and South Africa. The bamboo plantations are run by EcoPlanet Bamboo.
The Juma Sustainable Development Reserve covers an area of 589,612 hectares in the municipality of Novo Aripuanã, in the state of Amazonas, Brazil. On its website, the project developer Fundação Amazonas Sustentável states that, “FAS is committed to protect forests and improving the life quality of people that live there”.
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.