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Two interviews with Jeff Horowitz, the founder of Avoided Deforestation Partners, were published earlier this month. The interviews reveal a great deal about why AD Partners is so interested in carbon trading. For example, Horowitz estimates that “protecting tropical forests will cut the cost of U.S. climate legislation almost in half – saving Americans billions.” This week, REDD-Monitor asked Horowitz some further questions.
Three straws in the wind: Two pieces of policy news and a new piece of research. Two weeks ago, a leaked document from the EU revealed that the European Commission and some member states hope to include oil palm plantations in the definition of forests. Yesterday, the Jakarta Post reported that Indonesia’s Forestry Ministry is drafting a decree to reclassify oil palm plantations as “forests”.
Last month, Ecosystem Marketplace published a report on the state of the forest carbon market. The report, “State of the Forest Carbon Markets 2009: Taking Root & Branching Out“, provides a fascinating glimpse into the upside-down world of carbon trading.
The Australian government is one of the most enthusiastic promoters of using market mechanisms to finance REDD. The reason? Australia wants REDD to create a loophole in any climate deal large enough to allow emissions to continue in Australia. A new report by Friends of the Earth Australia and Aid/Watch exposes the flaws in the Australian government’s REDD plans. The report, “What a Scam! Australia’s REDD offsets for Copenhagen,” which is endorsed by WALHI and Serikat Petani Indonesia, concludes that “The Australian REDD offset model breaches Australia’s international obligations, and is a scam: it is not aimed at reducing deforestation, but at creating a source of cheap credits for increased emissions in Australia.”
Greenpeace recently released a report which illustrates clearly why REDD offset projects will neither address climate change nor stop deforestation. The report, “Carbon Scam: Noel Kempff Climate Action Project and the Push for Sub-national Forest Offsets“, looks in detail at the Noel Kempff Climate Action Project in Bolivia. The report questions the claims made by the project developers about leakage, additionality, permanence and the ability of the project developers to measure accurately the amount of carbon stored in the forest. In the twelve years of the project, estimates of the emissions reduction have fallen almost 90%, from about 55 million to 5.8 million metric tonnes of CO2. |
 
 
 
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