Prince Charles’ offshore investment in Sustainable Forestry Management Ltd: A cautionary tale featuring conflicts of interest, a web of offshore companies, carbon credits, transfer pricing, and tax avoidance galore

Sustainable Forestry Management Ltd was the name of a company incorporated in the Bahamas in October 1999. The company set up forestry projects and traded carbon credits. Its directors included Eric Bettelheim (Executive Chairman and General Counsel), Alan Bernstein (Chief Executive Officer), and Hugh van Cutsem (Director).

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New CIFOR infobrief: Rights abuse allegations in the context of REDD+ readiness and implementation

In 2007, the Forest Peoples Programme put out a briefing paper about reduced emissions from deforestation, or RED, as REDD was called back then. The briefing warned of the risks of the rapid expansion of avoided deforestation schemes without due regard to rights, and social and livelihood issues.

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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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How the Green Climate Fund approved a wetlands project in Peru without a process of Free, Prior and Informed Consent of Indigenous Peoples

Green Climate FundIn early November 2015, the Board of the Green Climate Fund (GCF) met in Livingston, Zambia. During the meeting it approved US$168 million funding for eight projects. One of these projects aims to deforestation in wetlands on largely indigenous peoples’ territories in the province of Datem del Marañón in Peru.

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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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AIDESEP and Rainforest Foundation Norway warn that Peru must improve policy on forests and indigenous peoples

peruOn 23 September 2014, Peru and Norway signed an agreement to reduce deforestation. AIDESEP, the main organization for the indigenous peoples of the Peruvian Amazon, and Rainforest Foundation Norway welcome the deal, but warn that Peru must improve its “policy and practices on forests and indigenous peoples’ rights”.

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