CFTC relies on the Integrity Council for the Voluntary Carbon Market standards to avoid low-quality carbon credits. Better than this weak attempt at regulating carbon credits would be to scrap them and focus on leaving fossil fuels in the ground. reddmonitor.substack.com/p/carbon-off...

“Carbon offsets are bullshit”: Cory Doctorow

“The theory behind carbon offsets is that markets created the climate emergency, so markets will solve it.

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.

She's also co-chair of the advisory board of the Quadrature Climate Foundation, which was set up by Quadrature Capital, a hedge fund registered in the Cayman Islands. In May 2024, Quadrature Capital gave Kier Starmer's Labour Party £4 million - the party's biggest ever donation.

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.

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.

Rich countries could raise $5tn of climate finance a year, study says

Rich countries could raise $5tn of climate finance a year, study says

Simple measures could raise five times more money than poorer countries are asking for, research claims

George Monbiot in a great interview about carbon markets: „We're handing over the whole caboodle to capital and turning the living world into dollars and cents as a supposed solution to that very problem.“ Key quotes from @reddmonitor.bsky.socialm.youtube.com/watch?v=zZbF...

George Monbiot on Neoliberalism, Nature and Negative Consequences | Webinar

YouTube video by The Australia Institute

I thought George Monbiot's response to the question "Why are offsets not dead yet?" in this interview was excellent. So I posted it in full on REDD-Monitor: reddmonitor.substack.com/p/george-mon...

George Monbiot: Offsets are “exchanging a certainty of destruction against a possibility of salvation”

Forest offsets: “A huge tranche of those offsets are basically fraudulent.” Soil offsets: “This is absolute madness.”

Israel has killed 10% of Gaza’s pre-war population.

MSmommunism.bsky.socialSep 20, 2024 8:55am

This is the number from The Lancet which is now likely a pretty big undercount too

Yes.