In August 2010, Reuters reported that Shift2Neutral had “signed a deal aimed at protecting tropical forests in the Democratic Republic of Congo as well as boosting renewable energy there.” Now, according to a letter dated 1 October 2010, from DR Congo’s Minister of Environment, José E. B. Endundo, the deal is “illegal” and “void”.
The Australian carbon trading company Shift2Neutral aims to become “the leading neutraliser of carbon emissions in the world”. The company appeared to come closer realising its aim this week when Reuters reported that Shift2Neutral “signed a deal aimed at protecting tropical forests in the Democratic Republic of Congo as well as boosting renewable energy there”.
The Readiness Preparation Proposal (R-PP) for the Democratic Republic of Congo is to be considered at the UN-REDD Policy Board meeting 17-19 March and at the FCPF 5th Participants Committee meeting 22-25 March. Global Witness, Greenpeace, FERN, Rainforest Foundation Norway and Rainforest Foundation UK have produced a joint statement about DR Congo’s R-PP.
At the October 20-22, 2008 meeting of the World Bank’s Forest Carbon Partnership Facility (FCPF) in Washington DC, the facility’s board approved funding for an additional ten countries to develop plans for reducing emissions from deforestation and degradation (REDD).
A growing number of forestry, conservation and remote sensing experts are questioning the role in the REDD debate being played by the Massachusetts-based Woods Hole Research Centre (WHRC).
A Canadian company called ERA Carbon Offsets Ltd is looking to sell carbon offsets from REDD projects. The company already sells carbon offsets to Shell, which Shell uses to ensure that it can continue drilling for oil. According to the press release below, the president and CEO of the World Wildlife Fund, Carter Roberts supports this.