Bruce Rich’s excellent new book about the World Bank, features two chapters about the Bank’s role in climate and energy finance. Rich describes this as “arguably the most critical and intractable development issue facing the Bank and the world at large as global warming accelerates”.
A company called Consultants Europe is cold calling people, claiming that they can sell near-worthless carbon credits for more than £5.75. Of course, there’s an advance fee to be paid of 45p per credits.
“It is a mistake to think that emissions from fossil fuels can be negated by increasing or protecting the storage potential of forests and other land based carbon.”
The Holistic Conservation Programme for Forests is a REDD project in Madagascar covering a total area of 515,000 hectares. It is funded by Air France and run by WWF Madagascar, with support from Etc Terra and the GoodPlanet Foundation.
To coincide with the COP19 UN climate negotiations in Warsaw, Greenpeace has released a short briefing explaining why forests cannot offset fossil fuel emissions.
A free screening of Tom Heinemann’s excellent documentary “Carbon Crooks” will take place on 12 November in Brussels. The screening is organised by the NGOs Corporate Europe Observatory, Carbon Trade Watch, FERN and Climaxi, and will be followed by discussion.
Carbon cowboys. VAT carousel fraud. Double-counting. Hackers. A fake bomb scare in the Czech Republic’s carbon registry. Phishing via fake carbon registry websites. Invented carbon credits. Overvalued carbon credits. Boiler rooms. Imaginary baselines. Auditors with conflicts of interest.
Earlier this week, Jim Yong Kim, the president of the World Bank and Christine Lagarde, the managing director of the International Monetary Fund spoke about climate change. This was the first time that the two have spoken together in public about climate change.
The debate about whether REDD credits should be included in California’s cap-and-trade scheme continues. This week, a group of social and environmental NGOs wrote to Jerry Brown, California’s governor, opposing REDD and requesting a meeting with Brown and Mary D. Nichols, the Chair of the California Air Resources Board.