PNG suspends new carbon deals, scrambles to write rules for the schemes – Mongabay

This moratorium comes after industry watchdog group Carbon Market Watch raised “significant red flags” about a 100-year carbon credit deal in Oro province. The PNG government identifies two separate of carbon credit deals: voluntary carbon schemes and result-based carbon schemes. “If we have those in place, can safely say that we can go for carbon […]

Revealed: Timber giant quietly converts Congo logging sites to carbon schemes – Mongabay

KISANGANI, Congo — A major European logging firm may have illegally converted more than a dozen of its timber concessions in the Democratic Republic of the Congo into so-called conservation concessions, a new investigation can reveal. The concessions were reassigned without public oversight or consultation with people who will be affected. They regulate the temperature […]