Global S&T Development Trend Analysis Platform of Resources and Environment
Colombian fossil fuel companies abuse forestry offsets to avoid taxes – report | |
admin | |
2021-06-30 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
正文(英文) | BRUSSELS, 30 June – A new investigation by Carbon Market Watch and the Latin American Center for Investigative Journalism (CLIP) finds that project developers exploit carbon market rules in Colombia to create more credits than the amount of emission reductions that the projects are achieving. These credits are then used by fossil fuel companies under the national carbon tax legislation, to avoid paying the carbon tax. As a result, the Colombian government loses millions of US dollars in public revenues. The “hot air” credits also bring zero climate benefits. Two large-scale projects which claim to reduce deforestation in the Colombian Amazon are overstating their impact by millions of tonnes of CO2e. The Mataven REDD+ and Kaliawiri REDD+ projects, registered under the VCS (United States) and ProClima (Colombia) standards respectively, have sold hot air credits to fossil fuel companies in Colombia which are allowed to purchase these as a substitute to paying the national US$5/tCO2e carbon tax. Gilles Dufrasne, policy officer at Carbon Market Watch, said: “This scandal is yet another striking example of carbon market standards failing to uphold environmental integrity of offset projects. It harms the climate, reduces government revenues and threatens the continuation of climate finance payments from international donors. We hear time and again that the voluntary carbon market helps countries go beyond their existing climate commitment, but here it has actually undermined national efforts.” Despite having adopted legislation in 2018 to prevent this problem, the Colombian Ministry of Environment and Sustainable Development has not properly enforced its rules and has allowed project developers to game the system. The voluntary projects have sold credits for avoided emissions which are already being financed by Germany, the UK, Norway and the Green Climate Fund, through multilateral climate finance programmes. Around 5 million credits which are possibly in breach of national legislation have been used, nearly entirely by Primax Colombia, a fossil fuel distributor, resulting in a loss of US$25 million for the Colombian government. Around 21 million hot air credits have been approved for issuance to date to both projects. This might only be the tip of the iceberg, as 75 other REDD+ projects are currently registered to sell credits for use under the Colombian carbon tax system. The report puts into question the adequacy of allowing the use of carbon credits under the Colombian carbon tax policy. It also provides further proof for the need to review existing rules of voluntary carbon markets and hold standards accountable when they issue credits that do not represent real benefits for the climate. Andrés Bermudez Lievano, from the Latin American Center for Investigative Journalism (CLIP), said: “This case shows that although Colombia has been a pioneer in creating financial incentives to help communities preserve valuable forests, the system has many shortcomings, the government is not overseeing it, and transparency and traceability are not being encouraged. As a result, citizens have no easy way of understanding if we are really helping solve the climate crisis this way. It’s an issue where more public scrutiny and good quality journalism are strongly needed.” Carbon Market Watch calls on project developers to stop selling credits from the Mataven and Kaliawiri projects, on VCS/Verra and Proclima to suspend the said projects in their registries and on the Colombian government to clarify the applicable legislation and enforce it better to ensure that no hot air credits are used under the tax system. -ENDS- Contact Notes to editor:
Carbon Market Watch makes the following recommendations:
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来源平台 | Carbon Market Watch |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/333329 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. Colombian fossil fuel companies abuse forestry offsets to avoid taxes – report . 2021. |
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