
We know what The Nature Conservancy thinks about forest offsets. It loves them. It loves them so much that it has got into bed with the biggest coal-burner in the US, American Electric Power. Meanwhile, TNC has developed a “global mechanism proposal”, which includes a goal of 3 billion tons of “emissions reductions from REDD” by 2020. These would be “fully fungible with emissions reductions from other sectors”. This is precisely what carbon traders, the timber industry and polluting companies like AEP want: forest carbon offsets.
At a side event at the UN Climate negotiations in Bonn earlier this week, TNC’s Greg Fishbein (whose job title, incidentally, is “Managing Director of Forest Carbon”) said, “We recognise that a goal like this needs to be combined with strict Annex I targets to ensure that these emissions reductions are in fact in addition to a contribution to overall emissions reductions and not just replacing emissions reductions that are taking place some place else.”
But when TNC talks about “strict Annex I targets”, what do they actually mean?
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