PT Austindo Nusantara Jaya Tbk (ANJ) is an Indonesian palm oil company, with a land bank of more than 140,000 hectares. Of this the plantable area is 96,528 hectares, of which 44,143 hectares has so far been planted. The company is currently clearing forest in West Papua to make way for a further 40,500 hectares of oil palm plantations.
Earlier this month, more than 100 people flew to Peru to take part in a meeting in the Hilton Hotel in Lima. While they were there, “they demonstrated that innovative climate finance models can help protect forests and mitigate global climate change”.
The Rimba Raya Biodiversity Reserve is the only REDD project in Indonesia that has managed to sell any carbon credits. The project is dependent on continued sales of carbon credits, and on the price of carbon. Neither is certain.
Years of Living Dangerously is a new documentary series about climate change. Broadcast in the US by Showtime, the nine episodes feature Hollywood stars presenting different aspects of climate change.
Several multinational pulp and paper and palm oil companies have recently declared “zero deforestation policies”. In this guest post, Peter Gerhardt asks the question, “What is a no-deforestation promise really worth?”
“Checking deforestation requires respect for our basic rights, which are the rights of all peoples and all human beings. Deforestation is unleashed when our rights are not protected and our lands and forests are taken over by industrial interests without our consent.”
Norway is a rich country because of its oil. It hopes to stay that way when the oil runs out. Since 1990, Norway has been putting its money from North Sea oil into a fund for future generations. The Government Pension Fund Global is now the largest sovereign wealth fund in the world.