NEWS RELEASE

Thursday 4 December 2003

 

 

COP9: EU governments must say NO to fake carbon credits

 

EU governments should blacklist carbon sinks projects, as they do nothing to help global warming and they provide subsidies for unsustainable and unwanted plantation projects, says a new report[1] released today by FERN and SinksWatch at the Milan climate conference where final rules on carbon sinks are being negotiated.

 

The EU, previously anti-sinks, is increasingly moving towards their use to meet its Kyoto targets, and a number of EU governments are already investing in the first sinks project of the Clean Development Mechanism (CDM). The new report also calls on the Netherlands, Finland and Sweden – investors in the World Bank Prototype Carbon Fund (PCF) – to withdraw their support for the Plantar monoculture tree plantation project immediately.

 

Forest Fraud: Say no to fake carbon credits tracks the failure of governments to provide environmental and social safeguards for sinks projects in the CDM, and shows how the plantation industry is planning to use CDM money to continue with unsustainable, business-as-usual practices – despite ecological damage and protests from affected communities.

 

“Carbon sinks projects undermine global efforts to address climate change and divert resources from real measures to tackle climate change,” said the report’s author Jutta Kill. “These huge plantations suck the life out of fertile lands and cause major social problems for local communities They are a fake solution to global warming that will subsidise the plantations industry and create thousands of hectares of ‘green desert’.”

 

The report focuses on the Plantar project in Brazil, a 23,000 hectare eucalyptus plantation project that is the first project to seek registration under the CDM, despite widespread and vocal opposition from Brazilian communities, workers, NGOs and academics. The report shows that the project is not sustainable, causes ecological harm, brings no permanent benefit to the climate and is based on dubious baseline projections.

 

Further information:

Milan: Jutta Kill (FERN and SinksWatch): +39 339 155 4924 jutta@fern.org

Brussels: Jessica Wenban-Smith (FERN): +32 (0)2 733 0814 jess@fern.org

 

 

Available for interviews at COP9

 

Photographs (high and low resolution digital images)

 

On the internet (www.fern.org and www.sinkswatch.org)

 

 



[1] Available at www.fern.org and www.sinkswatch.org