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”.
“REDD is a risky and false solution to climate change, both in theory and in practice,” argues a new report by Friends of the Earth International. “Now it is time to ditch risky REDD for known community approaches that are effective, ethical and equitable.”
Last week, the New York Times published an article that argues that, “The science says that spending precious dollars for climate change mitigation on forestry is high-risk”. It is written by Nadine Unger, an assistant professor of atmospheric chemistry at the School of Forestry and Environmental Studies, Yale University.
Norway is a rich country because of its oil. It hopes to stay that way when the oil runs out. Since 1990, Norway has been putting its money from North Sea oil into a fund for future generations. The Government Pension Fund Global is now the largest sovereign wealth fund in the world.
“Amid cheers and applause negotiators announced the completion of the REDD+ program design.” That’s Pipa Elias, REDD+ and agriculture expert for the Union of Concerned Scientists, responding to the Warsaw REDD decisions on Friday.
The carbon budget is a simple, but very important concept. It is based on the fact that what matters in addressing climate change is not what governments agree to do by 2050, but the total quantity of greenhouse gases in the atmosphere.
Ecuador has abandoned its plans to leave the oil where it belongs under the Yasuní National Park. Ecuador was asking for US$3.6 billion, or half the market value of the 850 million barrels of oil in the Ishpingo-Tambococha-Tiputini (ITT) oil field below Yasuní. Last week, Ecuador’s president Rafael Correa cancelled the plan and announced that “The world has failed us.”