– This time last year, the forestry space was abuzz with news of the big Blue Carbon deals. The deals set a staggering amount of land in Sub-Saharan Africa – 20% of the land in Zimbabwe, 10% of Liberia and Zambia, 8% of Tanzania, and an undisclosed amount of land in Kenya – to be managed by a firm in the United Arab Emirates.
Without involvement of communities impacted by the projects, countries across Africa were strapped into memorandums of agreement with 30 years of commitments. Reports suggested that Blue Carbon was retaining upwards of 70% of the project revenues while impacting the livelihoods of millions. The audacious scale of the project shocked the conscience.
Read Rebecca Iwerks and Alain Frechette’s full article in IPS here.