Ken Silverstein Mr. October is on deck. Marciano Dasai, Suriname’s minister of spatial planning and environment, spoke at Climate Week in New York and is pitching 4.8 million carbon offsets to the real heavy hitters — the rich nations responsible for most of the globe’s CO2 emissions. It’s the World Series of carbon finance —…
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September 25, 2023 Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the third review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 39.4 million (about US$52 million), bringing total purchase to SDR 118.2 (about US$156 million).…
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Hope ( U.S. former president Barack Obama ) is everything ( repeated interview with H.E. Mr. Albert Ramdin ) eyesonsuriname Amsterdam, 26 Sept 2023–He’s two and a half hours late, but Albert Ramdin has good reason. From a hotel room in The Hague, the Surinamese Minister of Foreign Affairs was in a conference call with China…
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Many governments and business leaders have made commitments to reduce carbon emissions in response to the 2015 Paris Agreement. This series covers topics surrounding green energy transition The 2015 Paris Agreement is a historic agreement between world governments to reduce carbon emissions in order to combat the effects of climate change. As a result, many…
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Amsterdam, 22 sept 2023 — Singapore’s new carbon exchange traded 12,000 tonnes of emissions on its first trading day as the city-state bets on the growth of an industry that has been slammed for corporate greenwashing. Chevron, Vitol, Standard Chartered and China’s CICC on Wednesday traded credits on Climate Impact X, which is hoping to…
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The US$ 700 million project is expected to produce some 10 million cubic meters of natural gas per day, representing 8% of Argentina’s total production France’s Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November. The US$ 700 million…
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Caribbean Community (CARICOM) countries are on the frontlines of the impacts of climate change, the energy crisis, inflation, and food insecurity. Inflation has reached more than 6 percent, electricity costs for Caribbean citizens are double the average for US citizens, and climate change is expected to cost the region almost $22 billion annually by 2050.…
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From Crisis to Confidence by Eftimiya Salo The Voluntary Carbon Market (VCM) has been recognized as a powerful tool for climate change mitigation by supporting corporate climate targets in addition to deep emission cuts aligned with a 1.5-degree trajectory. However, with great power comes significant responsibility, and unfortunately, the current state of the VCM falls…
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Rethinking Integrity in the Voluntary Carbon Market Systemic flaws in the carbon market The VCM is riddled with a lack of transparency and robust quality standards. Various independent investigations have revealed that the market is flooded with low-quality credits with little to no impact on the climate. The Compensate Foundation has reached the same conclusion…
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