Eliasch “not impressive” in front of environmental audit committee

The UK news and current affairs magazine Private Eye reported recently on an appearance by Johan Eliasch in front of a Commons select committee. Private Eye notes that he seemed to have little interest in the matter under discussion.
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Overseas Development Institute: the challenge of forest governance

In a new response to the ‘Eliasch Review’, the London-based Overseas Development Institute has warned that ‘capacity strengthening’ of long-neglected forestry institutions in order to undertake REDD programmes could take ‘decades’. ODI states that the challenge of overcoming bad forest governance in the tropics has been understated, as ”recent attempts by the international community to support sustainable forest management do not give much cause for optimism.  Twenty years of experience shows that international funding does not necessarily secure improved, sustainable outcomes”.  ODI has also warned that the review is “over-optimistic” concerning the problem of measuring and monitoring ‘avoided deforestation’.

As this short article concisely covers many of the key issues at stake in the current REDD debate, we include it here in full.
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The Eliasch Review: decent analysis, shame about the conclusions

Gordon Brown, the UK Prime Minister, will today launch the long-awaited report of his Special Representative on Forests and Renewable Energy, on how to save the world’s forests and prevent climate change.

REDD-Monitor has learned that the report by businessman Johan Eliasch will call for tens of billions of dollars to be invested in avoiding deforestation, and that this can best be achieved by private investors and the carbon markets. The report will claim that trading in forest carbon could cut deforestation by 75% by 2030. The report points out that deforestation alone will account for an extra 40 parts per million of carbon dioxide to be added to the atmosphere by 2100, and will push total levels of CO2 above dangerous levels.
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reddisms:

“We think there’s a 30 percent chance the [carbon] market collapses … That could create a ‘fat tail’ (a very rare event with major consequences) for us to make money.” — Anthony Limbrick, chief investment officer of the hedge fund firm Pure Capital, June 2009

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