Ibi Batéké tree planting project in DRC: sold as the success it never was

“By May 2013, only 1,012.42 hectares had been planted despite receiving substantial external funding." A World Bank evaluation found the developer (NOVACEL) "undercapitalized" despite "loans and carbon credit prepayments totaling at least USD 1.5 million." "The project achieved CDM registration in 2011 but has never issued carbon credits." Conclusion: illustrates why "carbon offset projects are a false solution for climate, energy crises and for communities.”

Locator: bulletin body

Subjects

Ibi Batéké Carbon Sink PlantationDR CongoBatéké Plateau