This is absolute madness. Carbon capture and storage has failed time and again. Labour has slashed reliable green programmes, to pour vast sums of our money into a complete crock. The only possible explanation is lobbying by fossil fuel companies.🧵 www.theguardian.com/environment/...

Labour to commit almost £22bn to fund carbon capture and storage projects

Investment will fund two CCS clusters – but environmental campaigners have criticised plans

Zambia electricity crisis: Drought hits hydro-powered Kariba Dam

Zambia electricity crisis: Drought hits hydro-powered Kariba Dam

A drought has caused an electricity crisis as Zambia heavily relies on the hydro-powered Kariba Dam.

Marketplace of failure: South Africa’s pivot to electricity markets will be socially regressive, whether green or not. @briankamanzi.bsky.socialafricasacountry.com/2024/10/mark...

Marketplace of failure

South Africa’s pivot to electricity markets will be socially regressive, whether green or not.

The Zambézia Integration Landscape Management Programme is a World Bank Forest Carbon Partnership Facility project, launched in 2019. It has failed to stop deforestation. Local communities have seen "minimal benefits". reddmonitor.substack.com/p/world-bank...

World Bank-funded Zambézia Integration Landscape Management Programme in Mozambique has failed to stop deforestation. “Minimal benefits” have reached local communities

A new report by Public Integrity Center finds that ZILMP faces “significant challenges”: increasing deforestation, slow administrative processes, and significant delays in disbursing funds.

In the US, the Commodity Futures Trading Commission has issued guidelines for the trading of derivatives of carbon credits. CFTC will not regulate the carbon credits themselves. Just the derivatives. The guidelines are not legally binding. reddmonitor.substack.com/p/how-the-co...

How the Commodity Futures Trading Commission failed to regulate voluntary carbon credits

CFTC’s guidelines are woefully inadequate to regulate the “decades of misrepresentation, mismanagement, and fraud” in the voluntary carbon market.

Thanks for this! Post coming soon on REDD-Monitor - as a follow up to this one: reddmonitor.substack.com/p/over-issua...

Just as carbon offsetting delays climate ambition, biodiversity offsetting and credits will only delay urgent action to address the root causes of biodiversity loss, say 239 NGOs. biodmarketwatch.info#NoBiodiversityMarkets#COP16

I got a lot of shade for talking about fraud in the voluntary carbon markets over the last few years, as though I was unfairly conflating my criticisms with actual violations of law. Anyway here's the DOJ filing criminal charges against Ken Newcombe for wire, commodities, and securities fraud.

Can you make a statement on you receiving funds from Quadrature Capital which has reportedly invested more than US$170 million in fossil fuel companies, including ConocoPhillips, Cheniere Energy, and Cenovus Energy? @reddmonitor.bsky.socialbsky.app/profile/redd...

CLreddmonitor.bsky.socialSep 30, 2024 8:43pm

The UK Labour Party recently appointed Rachel Kyte as climate envoy. She worked at the World Bank and IFC. She's co-chair of the Voluntary Carbon Markets Integrity Initiative. She's a major proponent of carbon markets. reddmonitor.substack.com/p/the-uks-ne...

The UK’s new climate envoy, Rachel Kyte, imagines carbon as “the currency of the 21st century”

What a £4 million donation to the Labour Party from the Cayman Islands gets you.

We are a Brussels-based independent NGO that promotes fair and effective climate action. Follow us to learn the truth about carbon markets, decarbonisation and the climate claims and strategies of corporations and governments. carbonmarketwatch.org

Carbon Market Watch - for fair and effective climate action

We work to ensure that carbon markets and other climate mitigation tools contribute to the fight against climate change while respecting human rights.