REDD-Monitor’s round-up of the week’s news on forests, climate change, and REDD. For regular updates, follow @reddmonitor on Twitter.
At the end of last week, just before the start of this year’s United Nations climate negotiations (COP20) in Lima, Peru, World Rainforest Movement and other signatories put out a call to action “to reject REDD+ and extractive industries to confront capitalism and defend life and territories”.
The province of Aceh in Sumatra is currently drawing up its spatial plan. In the current version, an area of 1.2 million hectares of forest would be converted to mining, logging and oil palm plantations. One of the driving forces behind this proposal appears to be a Canadian mining company, East Asia Minerals.
This week, a Canadian mining company called East Asia Minerals Corporation, signed a Memorandum of Understanding to buy 50% of Carbon Conservation Pty Ltd. East Asia Minerals’ aim is simple: “Through the acquisition of a 50% equity interest in CC, the Company will develop a ‘green’ mining project which will use carbon and biodiversity offsets and the latest in environmentally friendly mining practices.”
“If you wondered whether capitalism could ever produce the perfect weapon of its own destruction, try this heady mix of carbon fuels, the trade in financial derivatives, and more than a dash of neo-colonialism, and boom!”
When a company buys REDD carbon credits to offset its continued pollution, it relies on certification organisations such as Verra (previously called Verified Carbon Standard) and the Forest Stewardship Council to prove that the project is genuine, well managed, and really does result in reduced emissions. World Rainforest Movement recently visited the state of Mato Gross, Brazil to investigate the Florestal Santa Maria REDD project. WRM’s report reveals the problems with REDD, the problems with relying on this sort of certification, and the false solution of offsetting emissions from flying.