Biodiversity Offsetting
The promise to offset biodiversity destruction opens the door for corporations to obtain funding and access land which would otherwise be off limits for large-scale destruction. Promises to recreate or protect habitat of "equivalent" ecological value elsewhere is even opening up protected areas and World Heritage Sites to corporate destruction. Biodiversity offsets therefore create double destruction and exploitation, since corporations control both the territories affected by industrial activities as well as those targeted for offset projects.
The false idea that industrial plantations are a solution to the climate crisis is a golden opportunity for investment funds like Arbaro, which access scarce climate funding for expanding destructive monocultures.
The UN Land-Grabbing Summit in Glasgow made it once again clear that these spaces will never advance the already existing solutions to the climate crisis.
Communities in Nyanga province, Gabon, released the Bana / Mayumba Declaration in which they call for the suspension of the GRANDE MAYUMBA project, a multi-concession megaproject marketing as a so-called Nature-Based Solution.
Suzano, the world’s largest producer of eucalyptus pulp, is seeking to intensify its operations with so-called ‘green bonds’ as a way to finance its expansion projects.