What’s wrong with forest carbon finance? The Green Belt Movement lists the problems

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What's wrong with forest carbon finance? The Green Belt Movement lists the problems

Last week, at a side event in Durban, the Green Belt Movement presented what they have learned so far about forest carbon finance. A paper released at the side event explains the problems with relying on carbon trading to finance forest projects, with important lessons for REDD.

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CDM does not reduce emissions. Leaving fossil fuels in the ground does

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CDM does not reduce emissions. Leaving fossil fuels in the ground does

Last month, I took part in a meeting in Bangkok about carbon markets in Southeast Asia. Much of the discussion during the meeting involved the complexities and details of the Clean Development Mechansim, but the two points in the headline came across clearly.

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Why Brazil’s ridiculous “Forests in exhaustion” proposal must be rejected from the Clean Development Mechanism

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Why Brazil's ridiculous Forests in exhaustion proposal must be rejected from the Clean Development Mechanism

Forests in exhaustion is one of the more absurd proposals to emerge from the UN negotiations on climate change. The proposal came from Brazil during 2008 and it was discussed during the Conference of Parties to the Kyoto Protocol held in Poznan in December 2008. It amounts to nothing more than a subsidy for industrial tree plantations.

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Can financial markets solve the climate crisis?

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Can financial markets solve the climate crisis?

The headline is the title of a new report by the Italian NGO Campagna per la riforma della Banca Mondiale (CRBM) questions the role of the World Bank in financing responses to climate change. It’s a funny question to ask, particularly given the current state of the global economy (which, just in case you’ve not noticed, hasn’t recovered from a massive meltdown in 2008 – a result of massive deception in the financial markets).

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“Forests in exhaustion” – An ECA guide for the perplexed

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Forests in exhaustion - An ECA guide for the perplexed

Of all the topics under discussion at Cancún, perhaps the oddest is a proposal from Brazil to include something called “forests in exhaustion” in the clean development mechanism. In short, it is a subsidy to the plantations industry either to re-establish plantations or to clear forests and establish new plantations.

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Forest destroyer Oji Paper to carry out REDD feasibility study in Laos

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Forest destroyer Oji Paper to carry out REDD feasibility study in Laos. PHOTO: Keith Barney

In 2005, a Japanese company called Oji Paper took over a project to plant 50,000 hectares of mainly eucalyptus plantations in central Laos. The following year, as part of his research in Laos, a Canadian researcher took a series of photographs of forests cleared by Oji’s bulldozers. Now, Oji Paper wants to get REDD funding for its plantations in Laos.

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Via Campesina rejects REDD and carbon trading

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La Viá Campesina rejects REDD and carbon trading

Vía Campesina is an international movement of peasants, small- and medium-sized producers, landless, rural women, indigenous people, rural youth and agricultural workers. It is a coalition of around 150 organisations, with an estimated 300 million members. Vía Campesina recently put out a statement about COP-16 in Cancún.

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Guest Post: LULUCF, loopholes and REDD

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Guest Post: LULUCF, loopholes and REDD

LULUCF (land-use, land use change and forestry) became a hot topic at the Bonn meeting in June 2010, when it became clear that rich countries were attempting to use LULUCF to “hide increased emissions while trying somehow to create the illusion they are stopping catastrophic climate change,” as CAN International put it.

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Forests, Carbon Markets and Hot Air: Why the Carbon Stored in Forests Should not be Traded

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Forests, Carbon Markets and Hot Air: Why the Carbon Stored in Forests Should not be Traded

“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!” This is Professor Stefano Harney, University of London, commenting on a new book: “Upsetting the Offset: The Political Economy of Carbon Markets”.

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“Forests in exhaustion”: a guide

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Forests in exhaustion: a guide

The first thing that you need to know about “forests in exhaustion” is that they are not forests. According to the Clean Development Mechanism, the photograph on the left is a forest. All of it. The eucalyptus monoculture plantation in the background is a “forest” because it is bigger than 500 square metres and more than 10 per cent of it is covered with trees taller than two metres, thus meeting CDM’s definition of a “forest”. But the muddy wasteland in the foreground? Well, in UN-speak, that’s a “forest in exhaustion”. While it’s clearly not a forest, it certainly looks exhausted. Bloody knackered, more like.

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How a forestry offset project in Guatemala allowed emissions in the USA to increase

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coal-power-plant

In 1988, Applied Energy Services (AES) was constructing a 183 MW coal-fired power plant in Connecticut. AES hired World Resources Institute to find a forestry project to “offset” the 14.1 million tons of carbon that would be emitted over the power plant’s 40 year life. The following year, AES signed an agreement with the NGO CARE to fund an ongoing agroforestry project in Guatemala.

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Carbon Regulatory Offset Committee launched

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Carbon Regulatory Offset Committee launched

Yesterday Greenpeace launched a spoof website: Carbon Regulatory Offset Committee (C.R.O.C.). C.R.O.C.’s philosophy is simple: “do something good for the environment, then do something bad to it!” The timing is perfect.

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“CDM has no validity”, says leading UK climate scientist

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Kevin Anderson at the Environmental Audit Committee

On 23 June 2009, the UK Parliament’s Environmental Audit Committee interviewed Kevin Anderson, Research Director at the Tyndall Centre for Climate Change Research. Anderson is one of the UK’s leading Climate Change scientists. The interview is available here.

It is highly recommended listening. Anderson points out that the UK government’s planned carbon cuts would have a “50-50 chance” of limiting the rise in global temperatures to 2°C. He notes that this is not really an acceptable level of risk, given the dangers involved of runaway climate change.

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Offsetting: A dangerous distraction

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Offsetting: A dangerous distraction. Click to download pdf file (889 KB)

Friends of the Earth released a new report during the recent UN climate negotiations in Bonn: “A Dangerous Distraction – Why offsetting is failing the climate and people: The Evidence” (pdf file 889 KB).

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REDD: CO2lonialism of Forests

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fcpf_protest_bali_2007

A year ago, members of the Durban Group for Climate Justice produced a photo essay “to highlight the serious flaws associated with RED/D and to give a voice to communities faced with confronting colonialist top-down policies”. The photo essay brings some historical context to the REDD proposals that are currently being foisted on communities and forests in the global South. Although much has been discussed about REDD since the photo essay was produced, the critique has lost none of its relevance to ongoing discussions about REDD.

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