Matthew Walley’s eyes sweep over the large forest that has sustained his Indigenous community in Liberia for generations. Even as the morning sun casts a golden hue over the canopy, a sense of unease lingers. Their use of the land is being threatened, and they have organized to resist the possibility of losing their livelihood....
Projects covering 10% of Zambia & Liberia’s land have been signed with a UAE-based company. Over the last year, the carbon offset industry has faced a barrage of investigations on instances of abuse and attracted disapproval from multiple quarters. The spotlight now is on the development of United Nations-based markets under Article 6 of the Paris Agreement and new...
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A Dubai-based company, Blue Carbon, inked a deal with Zimbabwe to create carbon credits from offsetting projects in the African country involving almost a fifth of its total landmass. The two parties signed a memorandum of understanding (MoU) worth $1.5 billion to fund forest protection and rehabilitation projects. The carbon sequestered of the forests will...
A company established by a Dubai sheikh is finalizing agreements with African nations to manage vast tracts of their forests and sell the carbon credits. Critics are concerned the deals will not benefit Africans and will just help foreign governments perpetuate high emissions. A prominent sheikh in the oil-rich Gulf state hosting this year’s UN...
A leaked document purporting to be the original version of a Memorandum of Understanding (MoU) that Finance and Development Planning Minister, Samuel Tweah, committed Liberia to while on a visit to the UAE has contradicted the government’s pronouncement about a very lucrative carbon deal. The leaked document, which began circulating widely on social media last...