The World Bank’s Forest Carbon Partnership Facility “has not saved a single hectare of forest”

FCPFThe World Bank’s Forest Carbon Partnership Facility is supposed to help countries in the Global South reduce emissions from deforestation and forest degradation. It was launched at COP 13 in Bali in 2007. The Fund capital stands at US$850 million, of which US$1.12 billion is for the Readiness Fund, and US$750 million is for the Carbon Fund. But after nine years, the FCPF cannot point to a single country in which it has actually reduced deforestation.

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NGOs dissatisfied with Swedish Energy Agency response, once again call on the Agency to cancel carbon credit purchase from Green Resources’ monoculture plantations in Uganda

Green ResourcesGreen Resources is a Norwegian company that claims to be “Africa’s largest forestation company.” The company has established a total of 45,000 hectares of industrial plantations in Africa. It also generates carbon credits from its plantations.

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“Very encouraging.” That’s how Per Fredrik Pharo, Director of Norway’s International Climate and Forest Initiative describes Indonesia’s peatland (mis)management

The fires in Indonesia this year are the greatest environmental disaster of the 21st century (so far). An area of about 2.5 million hectares of forest and peatland burned. Visibility was reduced to 30 metres in places. At least 19 people died. By the end of October, there were 500,000 cases of respiratory tract infections.

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I’m a GNU. How do you do? A REDD animal appears in Paris with a promise of US$5 billion

On the first day of the UN climate negotiations in Paris, the governments of Germany, Norway and the United Kingdom pledged US$5 billion for REDD, between 2015 and 2020. The GNU countries say they “have signaled they will increasingly target results-based finance for countries who deliver verified REDD+ emission reductions”.

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Guyana Finance Minister’s budget speech: “As currently configured, it would not only be irresponsible, but a downright criminal act of deception, were we to proceed with the Amaila Falls”

AmailaFallsOn Monday, Guyana’s Finance Minister, Winston Jordan, presented the state budget in Parliament. In his speech, he slammed the proposed Amaila Falls hydropower dam, the flagship project of Guyana’s Low Carbon Development Strategy.

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Jens Frølich Holte, political adviser to Norway’s Minister for Climate and Environment, explains why he supports using markets and pricing carbon

In March 2015, Bloomberg quoted Jens Frølich Holte, political adviser to Norway’s Minister for Climate and Environment, as saying that, “Carbon trading can speed up the global transition away from a fossil economy. Trade creates benefits and this is as true for carbon as it is for other commodities.”

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