According to Kevin Conrad, the inspiration for REDD came from a 2003 conversation on a beach in Wewak that he had with Michael Somare, Papua New Guinea’s then-prime minister.
What Conrad also appears not to mention is that the first big issuance of credits under his beloved UNFCCC REDD+ scheme - the 90 million issued to Gabon recently, said to be "coming soon" to Conrad's trading platform - is that they are purely the result of exactly the same kind of carbon accounting fiddles as the ART-TREES credits from Guyana.
The carbon market increasingly resembles a bunch of crooks trying to undercut and discredit each other's 'fell-off-the-back-of-a-lorry' goods.
What Conrad also appears not to mention is that the first big issuance of credits under his beloved UNFCCC REDD+ scheme - the 90 million issued to Gabon recently, said to be "coming soon" to Conrad's trading platform - is that they are purely the result of exactly the same kind of carbon accounting fiddles as the ART-TREES credits from Guyana.
The carbon market increasingly resembles a bunch of crooks trying to undercut and discredit each other's 'fell-off-the-back-of-a-lorry' goods.