The conference that sought agreements and actions to mitigate the impacts of global warming ended with criticism of its final decisions that did not include clear targets to transition away from fossil fuels, its superficial texts on mitigation, adaptation and financing, and its lack of transparency.
Tag: carbon market
Top brands buy Amazon carbon credits from suspected timber laundering scam
An analysis of two carbon credit projects in the Brazilian Amazon has found that they may be connected to illegal timber laundering. The projects belong to Ricardo Stoppe Jr., known as the biggest individual seller of carbon credits in Brazil, who has made millions of dollars selling these credits to companies like Gol Airlines, Nestlé, Toshiba, Spotify, Boeing and PwC.
Company sells Indigenous land in Amazonas as NFTs without community’s knowledge
Areas of the Baixo Seruini Indigenous Land, inhabited by the Apurinã people in the southern Amazonas, were sold by the company Nemus in a project that promises to preserve the forest and generate carbon credits. The Prosecutor’s Office recommended the suspension of the project in December 2022; however, InfoAmazonia identified that negotiations are still ongoing on the internet.
Shell affiliate accused of violating Indigenous rights in carbon credit contracts
Indigenous people claim that Carbonext allegedly pressured communities to sign documents with blank sheets. The company denies the accusations and, shortly after allegations of rights violations and non-compliance with international conventions in suspicious contracts on indigenous lands in the Amazon, withdrew from the business.
Colombian companies defy laws, push Amazon carbon projects in Indigenous lands
Without proper consultation, leaders were persuaded to accept a carbon project on indigenous lands in the Amazon, with the promise that the money would fund a university in the villages; Funai (National Indian Foundation) was unaware of pre-contracts and states that negotiations may be annulled.
Indigenous peoples want to take part in the carbon market because of their role in preserving the Amazon
Leaders defend that part of the resources should guarantee and maintain their territories. The way that carbon markets will work will be defined until the end of COP26.