We must recognize and stop the growing takeover of forest, grassland, and farmland by powerful financial actors, which is being perpetrated in the name of new myths of false solutions to climate change.
After establishing the scheme in 2012 on land it bought in Uruguay, Harvard sold the land across two deals in 2017 and 2019 worth a combined $450m. But the project is still active today and has sold enough credits to have supposedly offset over 5 million tonnes of CO2 emissions.
The British company SEFE Marketing & Trading Ltd. and Kazakhstan’s SAFC LLP signed an agreement to plant 3.3 million trees across 1,500 hectares in the Almaty region to produce carbon credits
The Indonesian Ministry of Investment is planning to transform the Food Estate in Merauke, South Papua, into an integrated sugar industry hub.
The UAE company's investment will target land reclamation in Toshka, where it currently holds a 67,000-acre land bank and is negotiating the acquisition of an additional 80,000 acres.
Through its company, Acelen Renewables, the UAE's Mubadala Capital is building a biofuel refinery in the Brazilian state of Bahia which it will supply with 80 million macaúba trees planted on 200,000 hectares of degraded land. The macaúba is a plant native to Brazil with a high energy yield, meaning that the renewable diesel the project produces is projected to emit up to 80 percent less CO2 than fossil diesel. In addition, planting 200,000 hectares of trees would capture 60 million tons of CO2 over 20 years.
Indonesia's new president is literally flooding Papua with new military troops to provide security at a 2 million-hectare food plantation being carved out of jungle outside of Merauke.
Tajikistan leased around 18,000 hectares of its land to China for cotton, rice, grain, and corn cultivation for a 49-year contract. The agreement was part of a broader initiative to strengthen economic ties between the two countries.
The attorney general of the US state of Arizona is set to launch legal proceeding in the next two weeks against the Saudi dairy company Almarai over groundwater pumping on two farms in the state.
President Bio called on the leadership of Socfin Agricultural Company and the stakeholders of Sahn Malen Chiefdom to foster dialogue, collaboration, and mutual respect
Oil trader Trafigura and Singapore's Temasek will produce carbon credits by planting 24 million trees in Colombia's in Orinoco River Basin on 30,000 hectares of land that has been degraded by cattle grazing.
Irrigation projects include a US$172mn, 23,000ha project with US-based Valley Irrigation , a €75mn, 13,000 ha project with Spain's Grupo Charmatin, and a US$100mn, 20,000 ha project with US-based Lindsay Zimmatic.