Carbon cowboys fleecing Indonesia

“The government has warned local authorities to carefully review all carbon brokerage firms offering incentives such as huge financial benefits from the forestry sector for engaging in carbon trading.

Forestry Ministry official Wandojo Siswanto said over the weekend that many carbon brokers were now directly approaching regents and mayors, asking them to sign memorandums of understanding (MoU) to develop projects under the [UN’s] REDD (reducing emissions from deforestation and forest degradation) scheme.

They offer pledges that say the regencies or cities will get a lot of money from REDD projects but they provide no programs,” he told a journalist training program in Bogor, West Java, on Saturday.

“Regents and mayors in Kalimantan and Sumatra have been offered such promises. The brokers who claimed to be carbon developers launch intensive campaigns to convince regents to sign the MoUs. But at the moment not a single cent goes to local administrations.”

Wandojo said the brokers would then sell the MoUs on the international market as part of an elaborate money-making scheme.  …

“There are misperceptions about the REDD, particularly among local administrations who see carbon trading as something that could earn them some income. It makes it easy for the carbon traders to convince the regents and mayors,” he said.”  “Beware of fake carbon brokers, warns govt”  Prior post here


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: