Banking on forests

The European Investment Bank’s belief in financial alchemy to fix the climate crisis: The case of the Althelia Climate Fund

picture by Nicholas A. Tonelli (creative commons attribution)

picture by Nicholas A. Tonelli (creative commons attribution)

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 support for REDD+ through Althelia is not in line with the European development policy and the goals that the Bank claims to abide to.

Written by Antonio Tricarico, Re:Common – based on the findings of Merian Research. Text closed on 19th August 2014

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