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...
CFTCâs guidelines are woefully inadequate to regulate the âdecades of misrepresentation, mismanagement, and fraudâ in the voluntary carbon market.
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...
What a ÂŁ4 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...
A new report by Public Integrity Center finds that ZILMP faces âsignificant challengesâ: increasing deforestation, slow administrative processes, and significant delays in disbursing funds.
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: âWe'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.â Key quotes from @reddmonitor.bsky.socialm.youtube.com/watch?v=zZbF...
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...
Forest offsets: âA huge tranche of those offsets are basically fraudulent.â Soil offsets: âThis is absolute madness.â
Israel has killed 10% of Gazaâs pre-war population.
Wow this is quite a remarkable story: the filmmakers behind the Bill Gates Netflix doc really, *really* badly misrepresented their project to prominent Gates critic Tim Schwab to try get him onboard He smelled a rat, declined, and uncovered WAY more info -->> timschwab.substack.com/p/why-i-refu...