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REDD inequity writ large: €4.4 million for Althelia Climate Fund in “management fees”, while villagers in Kenya ask “How is the carbon benefiting me?”

9 March 2017 By Chris Lang, originally published on Redd Monitor. A new report by Re:Common and Counter Balance investigates the Althelia Climate Fund and its investment in a REDD project in Kenya. The report highlights the findings of a July 2016 visit to the Kasigau Corridor REDD+ project area in Kenya. Re:Common and Counter […]

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“Nature destruction cannot be compensated for” say NGOs warning communities against biodiversity offsetting

Brussels/Rome, 26 October 2017 As the world’s forests, lands and waters keep being destroyed, the people whose livelihoods are deeply linked to these places cannot continue their way of life and are often pushed into poverty and hunger. At the same time, the very actors profiting from this destruction have found a way to come […]

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EIB pioneer investment in climate fund turns into a crash dive, according to NGO report

Brussels, 28 Feb Showcased as the ultimate initiative to fight climate change, the European Investment Bank (EIB)’s participation in the Althelia Climate Fund is nothing like the social and environmental success it was described to be – say the NGO Re:Common and Counter Balance in a new report released today. Contributing up to €25m in […]

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EU is pushing biodiversity offsetting through the backdoor

Last year the European Commission was forced to ditch its plans to develop legislation on biodiversity offsetting after EU citizens overwhelmingly rejected such plans in a public consultation. Nevertheless this set back doesn’t seem to withhold the European Commission from pushing biodiversity offsetting forward in practice. Together with the European Investment Bank (EIB) it is […]

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The Natural Capital Financial Facility – A window into the “green” economy

This paper aims to build an understanding of how shifting funds from public grants towards financial mechanisms occurs  and  what  is  lost  in  the  process.  To  this  end  the Natural  Capital  Financial  Facility  (NCFF)  is  examined  due  to  its  fledgling  stage  which  will  be  tracked  in  the coming years. The NCFF has followed a trend […]

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Banking on forests

The European Investment Bank’s belief in financial alchemy to fix the climate crisis: The case of the Althelia Climate Fund The European Investment Bank is at the forefront of carbon market development through its support for REDD+ via the Althelia Climate Fund. Given the impact of REDD and REDD+, this paper argues that the EIB’s […]

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