NGO Report reveals why EU should not fund forest carbon projects
Ten years ago, the EU invested over 1.5 million Euros in the N’hambita carbon project in Mozambique, a model scheme to show how forests could be used to offset industrial emissions. This press release coincides with the release of a report – ‘Carbon Discredited' - explaining why forest carbon projects fail to provide climate, environment, development or financial gains. The organisations call on the EU and Member States to stop funding carbon offset projects, including REDD+ projects. They also call on the State of California, who will soon decide whether to accept forest carbon offsets in their carbon market, to think again.