REDD: The world’s largest top-down tool in development cooperation

The aim of reducing the emissions from forest destruction and degradation caused by industrial agriculture, logging, mining for fossil resources, etc. is today decisive to the survival of humankind and our planet. However, when the tool to achieve this aim is the trading of emission credits (offsets), we arrive at the wrong solutions.

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MED Investment Operations – Part 3: MidiaGeo and InBECAS, the Brazilian Connection

MED Investment Operations LtdA few weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. A company based in Malta called MED Investment Operations is offering carbon credits from a REDD project in Brazil and them for sale at US$6.80 each. This post, the third in a series of posts about this incredible offer, looks at the company supposedly running the REDD project: MidiaGeo.

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MED Investment Operations – Part 2: “This model is recognized by international institutions such as Standard Conversion environmental assets of Forests in Transaction instruments”

MED Investment Operations LtdTwo weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. The carbon credits were from a REDD project in Brazil and a company based in Malta called MED Investment Operations is offering them for sale at US$6.80 each. Last week, I wrote about the companies in Malta behind this incredible offer: MED Investment Operations and The Equivest Alliance.

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MED Investment Operations – Part 1: Anyone want to buy 345 million REDD carbon credits? Only US$6.80 each

MED Investment Operations LtdLast week, REDD-Monitor received a message from Boniface Mburaburirwe asking whether I have any buyers for carbon credits. I suspect Mburaburirwe hasn’t read much on REDD-Monitor, particularly not the series of posts about scam artists selling carbon credits to unsuspecting members of the public as investments.

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Decision on REDD in California postponed – for a couple of months

Decision on REDD in California postponedYesterday, California’s Air Resources Board released a preliminary draft of proposed amendments to its Global Warming Solutions Act (AB 32) aimed at extending the cap and trade scheme beyond 2020. The big news for REDD watchers is that the ARB’s preliminary draft excludes making a decision on whether to allow REDD credits in California’s cap and trade scheme.

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Greenpeace opposes REDD offsets in California. But that’s not what EDF’s Steve Schwartzman wants you to think

How EDF's Steve Schwartzman tried to manufacture consent for REDD in CaliforniaAt a recent workshop in Sacramento, Environmental Defense Fund’s Steve Schwartzman was waving around copies of a letter in favour of California using REDD offsets in its cap and trade scheme. Following the letter was a list of NGO logos, including that of Greenpeace Brazil. But Greenpeace has consistently opposed REDD offsets in California. How did Greenpeace’s logo appear on a letter supporting REDD?

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REDD myth no 3: To address climate change we have to reduce emissions from deforestation

Brazil forest fire“We have to reduce emissions from deforestation if we’re to prevent catastrophic climate change,” WWF argues on its website. At a first glance, it seems like a no-brainer. Forests store an awful lot of carbon. When forests are cleared for cattle ranching, or to make way for oil palm plantations, the carbon dioxide goes back into the atmosphere.

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