Connect with us

Published

on

Living on a floating island off the Gulf, Samuele Landi advises a little-known company with big plans to shake up the carbon offsetting market.

Blue Carbon plans to take over forested areas the size of the United Kingdom and sell carbon credits from their conservation under a mechanism established by the UN. The UAE firm, chaired by a member of Dubai’s royal family, has been on a deal-making spree with African governments to make that happen.

The 58-year-old Italian is no forestry expert, but – he says – he was tapped by the company right after its launch a year ago because of his decades-long technology experience. In Dubai, Landi is known as the owner of a cybersecurity firm devising fully encrypted phones.

In his native country, Landi is a wanted man. He was convicted in two separate trials for a bankruptcy fraud that sank one of Italy’s largest telecommunications companies and left over 2,200 people without a job nearly 15 years ago.

Landi’s advisory role in Blue Carbon is likely to fuel concerns over the integrity of a company bidding to become a large player in a sector already plagued by environmental and social risks.

Blue Carbon did not respond to emailed questions. After Climate Home contacted the company, Landi emailed the reporter in a personal capacity and agreed to a video call. He rejected the legitimacy of the court judgments against him, alleging that Italian judges ruling over his case were corrupt.

Bankruptcy fraud

Samuele Landi was the founder and chief executive of Eutelia, an Italian company providing landline and internet services to millions of users across the country in the early 2000s.

The firm, which had ballooned in size through acquisitions, seemed set on a meteoric rise. But in 2008 cracks started to appear. Drowning in debt, Eutelia asked the government to place most of its workers in a state-funded job retention scheme while trying to restructure its activities.

But at the same time, according to court records, Samuele Landi and other senior executives illicitly moved funds worth dozens of millions of euros outside of Eutelia and into shell companies mainly based outside of Italy.

Shades of green hydrogen: EU demand set to transform Namibia

Eutelia went bankrupt. By the time Italian police moved in to arrest Landi in mid-2010, he had relocated to Dubai. At the time Italy had no extradition treaty with the UAE. Landi told Climate Home News he did not move to Dubai out of fear of being arrested but because he was looking for more freedom.

Landi never returned to Italy. Two separate trials against him and other executives went ahead in his absence. In one Samuele Landi was handed an 8-year prison sentence on bankruptcy fraud charges in 2020. In a second one, stemming from the bankruptcy of a company linked to Eutelia, the court of appeal in Rome sentenced him to 6 years and six months in prison at the end of October.

Landi said he had referred the first case to the European Court of Human Rights, claiming it was an unfair trial. He said he is going to appeal against the second sentence to the Italian Supreme Court. “There is no evidence. I did not steal one single euro”, he told Climate Home.

Liberian diplomat

While his legal troubles rumbled on in Italy, Landi started a new life in Dubai. He set up a cybersecurity company and became a diplomat, after being appointed as consul general in the UAE for the African state of Liberia.

Landi told Climate Home he “developed the diplomatic relations between the Liberian and the UAE governments”, which resulted in the construction of roads, hospitals and sports centers in the African nation over the last few years.

It is through this role that he first came in contact with people from Blue Carbon. Landi said he accompanied a delegation from Liberia to a meeting with Sheikh Ahmed Dalmook Al Maktoum, a member of the Dubai royal family and chairman of Blue Carbon. “When they formed the company a year ago they asked me to be their advisor”, Landi said. “I help them with information technology. Sometimes they call me to make evaluations on IT solutions.”

A screenshot from the Blue Carbon website

Liberia is one of the African countries that have signed a raft of memorandums of understanding with Blue Carbon in the run-up to Cop28, alongside the governments of Kenya, Angola, Zimbabwe, Zambia and Tanzania. Landi said he was not directly involved in the negotiations between Blue Carbon and Liberia.

Blue Carbon’s African scramble

The deals, which are not yet definitive, could see the UAE firm gain control over more than 30 million hectares of forests across the countries. In Zimbabwe alone, it is set to secure rights over a fifth of its total landmass.

Blue Carbon plans to set up forestry protection schemes, produce carbon offsets on a never-seen-before scale and sell them to polluting governments and companies.

The firm is looking to operate under a new mechanism established by Article 6 of the Paris Agreement, which is set to transform carbon markets. Blue Carbon wants to trade a specific type of credit, internationally transferred mitigation outcomes (ITMOs), that can be used by governments to achieve emission reduction goals set out in their nationally determined contributions.

Blue Carbon’s foray into Africa has prompted numerous concerns.

Civil society and indigenous groups fear communities will be forced to make way for the projects, losing control over land that constitutes their primary livelihoods. A number of forest protection offsetting projects – unrelated to Blue Carbon – have been suspended recently following allegations of abuse and forced evictions.

Exposed: carbon offsets linked to high forest loss still on sale

The second concern is that little money would actually end up in the hands of African governments and local communities, contrary to what the mechanism is set up to achieve.

Finally, there are worries that the unprecedented volume of credits created could end up greenwashing oil and gas operations without providing any meaningful emission reductions. Forestry offsetting programs have been hotly debated after a series of articles and scientific studies cast doubts over their climate integrity.

COP28 plans

Blue Carbon has said the deals will bring “vital environmental impacts” and “a transformative wave of economic opportunities” for the African countries signing on. Sheik Dalmook Al Maktoum told the Zimbabwean government the programme could bring $1.5 billion of climate finance into the country.

“Beyond the immediate goal of carbon emissions reduction, the heart of these carbon projects pulsates with the intent to bring about tangible improvements at the grassroots level,” the company added when announcing the agreement in Harare.

The company has indicated that more details about its carbon credit plans will be revealed at Cop28 in Dubai. It told CNN that it would present its deals at the climate summit as a “blueprint” for carbon trading.

Landi said he has no intention to take part in Cop28. Nearly a year ago he moved to a barge moored in the international waters off the Arabian coast with the goal to set up a so-called decentralized autonomous organisation.

“The idea is to create a place where people can stay without being subjected to the matrix,” he told Climate Home. “No one can say which kind of insects or fake meat you have to eat, which kind of injections you have to get. A libertarian state is very important.”

The post Meet the Italian fugitive advising Emirati start-up Blue Carbon appeared first on Climate Home News.

https://www.climatechangenews.com/2023/11/23/meet-the-italian-fugitive-advising-emirati-start-up-blue-carbon/
Continue Reading

Climate Change

UN chief urges countries to adopt fossil fuel transition plans with timelines

Published

on

The head of the United Nations has called on all countries to deliver plans for phasing out their production and consumption of fossil fuels, as rising oil prices and climate shocks threaten energy and human security.

In his farewell speech to the UN General Assembly (UNGA) in New York on Tuesday, outgoing UN Secretary-General António Guterres for the first time urged “every government to adopt a national plan to transition away from fossil fuels” aligned with limiting warming to 1.5C. The plans, he said, should include “clear timelines and protection for affected workers and communities”.

“We know fossil fuel interests won’t step aside on their own. For decades, Big Oil has treated the atmosphere as an open sewer – and cashed in on the consequences,” Guterres told diplomats in his speech opening the leaders’ segment of the assembly, also calling out the industry’s windfall profits after Russia’s invasion of Ukraine.

    At last year’s COP30 climate summit in Belém, a group of about 80 governments led a failed push to develop a global roadmap to transition away from fossil fuels. Brazil instead proposed to draft a voluntary report that will be presented this year ahead of COP31 after countries and organisations submitted their views to the process.

    Governments first agreed to transition away from fossil fuels in energy systems at COP28 in Dubai in 2023, but have since failed to agree at UN climate talks on how to move forward with that commitment, as efforts to do so have been effectively blocked by large fossil fuel-producing countries.

    France, Netherlands issue plans

    A few countries have moved forward with their own transition plans. France launched the first one at an international conference on the issue in April and the Netherlands followed suit this month. Not being major fossil fuel producers, both European nations aim to end their coal, oil and gas consumption by 2050, although the Dutch plan was criticised for not setting specific phase-out dates for the dirty fuels.

    Adão Soares Barbosa, climate ambassador from Timor-Leste and chair of the Least Developed Countries (LDC) group in the UN climate negotiations, told a press briefing on Tuesday that last year’s discussions on shifting away from fossil fuels need to continue at COP31, adding that developed countries should lead the way with transition plans and curb their use of fossil fuels.

    “We are expecting that we can make a request to major-emitting countries to limit emissions from this sector,” he said. “For LDCs, we’ll also try to reduce fossil fuel use, but it will depend on national circumstances.”

    Samoa’s lead negotiator Anna Rasmussen said small island states have outlined their energy transition plans in their nationally determined contributions (NDCs) – countries’ plans for meeting the Paris Agreement goals – but added “we’re still waiting” for climate finance to help implement those plans.

    Despite the global push to clean up the energy mix, countries leading climate talks are themselves also expanding fossil fuel production. COP31 co-presidents Australia and Türkiye have both recently given the green light to mine and drill more coal, oil and gas, and still depend on fossil fuels for 60% and 56% of their electricity production respectively.

    Fossil fuel expansion threatens COP31 hosts’ credibility, experts warn

    COP30 host nation Brazil has also persisted with its plans to explore potential new oil reserves near the mouth of the Amazon River – a region known as the Equatorial Margin.

    These are moving ahead despite President Luiz Inácio Lula da Silva announcing last year at the Belém climate summit that the country would develop its own fossil fuel phase-out plan. This is still under development with little information about its progress and may be hampered by elections next month.

    “We have achieved our self sufficiency in oil and will continue to explore the potential of new reserves, such as those in the Equatorial Margin,” Lula said in his speech to the UNGA on Tuesday. “But we will not abandon the environmental agenda,” he insisted. “We will move forward with the roadmap for the decarbonisation of the Brazilian economy.”

    Transition far cheaper than status quo

    Speaking at the main Climate Week NYC venue, Mads Christensen, executive director of Greenpeace International, said given the fast-shifting cost dynamics for both fossil fuels and renewables, countries should revise their existing energy plans because they are now out of date.

    Gas power generation now costs around 150 euros per megawatt compared with around 50 euros for solar with battery storage – making the latter two-thirds cheaper.

    “If these plans were updated, I think we would have a much faster transition because it simply makes good financial sense,” he said.

    A technician walks next to solar panels that partially provide electrical power to the Grand Mosque of Istiqlal in Jakarta, Indonesia (Photo: REUTERS/Willy Kurniawan)

    A technician walks next to solar panels that partially provide electrical power to the Grand Mosque of Istiqlal in Jakarta, Indonesia (Photo: REUTERS/Willy Kurniawan)

    Tzeporah Berman, founder and chair of the Fossil Fuel Treaty Initiative, told Climate Home News that the Santa Marta process for transitioning away from fossil fuels (TAFF), launched at April’s conference, could help countries discuss, design and develop their national roadmaps, as well as mobilise the international cooperation required to actually deliver them.

    “Many countries want not only national roadmaps but a global roadmap off the highway to hell,” she added. “A global plan is necessary to ensure the rules aren’t rigged against those who want to do the right thing and so all countries can make credible commitments.”

    The second TAFF conference will be held in the Pacific island nation of Tuvalu next spring, co-chaired by Ireland. In New York, Tuvalu’s climate minister Maina Vakafua Talia called for stepped-up efforts to tackle the fossil fuel use that is threatening his country’s “demise” by driving global warming.

    “The world is running out of time, and so I ask every government to come to… Tuvalu with solutions – real solutions, not false solutions – for us to ensure that we have a pathway and a way forward,” he urged.

    The post UN chief urges countries to adopt fossil fuel transition plans with timelines appeared first on Climate Home News.

    UN chief urges countries to adopt fossil fuel transition plans with timelines

    Continue Reading

    Climate Change

    COP31 electrification pledge leaves out clean power commitment

    Published

    on

    COP31’s flagship initiative to accelerate the electrification of the world’s economy has been criticised for failing to include a commitment to produce the power from clean energy.

    Governments that sign the voluntary pledge at this year’s UN climate summit will commit to increasing electricity’s share of total energy consumption to 35% globally by 2035 in line “with pathways consistent with keeping 1.5C alive”, the text unveiled by the Turkish presidency on Tuesday says.

    While the document says that the electrification goal is “complementary to efforts to expand renewable energy and improve energy efficiency”, governments are not explicitly asked to commit to producing the extra power with clean sources and driving down greenhouse gas emissions.

    The text instead says the “use of clean electricity” will vary according to national circumstances. Fossil fuels are not mentioned by name, although the pledge cites the COP28 Global Stocktake decision, which called for “transitioning away from fossil fuels” in energy systems.

      COP31 president Murat Kurum said earlier this month that the push to make electrification more “widespread” – through measures like the rollout of electric vehicles and heat pumps – will “automatically” lead to a reduction in the use of fossil fuels.

      But many campaigners disagree, criticising the proposed pledge for failing to give an explicit signal on the fossil fuel transition.

      Lack of clarity on energy sources

      “Let’s not let electrification become the Trojan horse of our times, used to hide new fossil fuel consumption rather than promote renewable energy,” Claire Smith from civil society umbrella group Beyond Fossil Fuels said in reaction to the pledge’s publication.

      She added that the commitment will only help address the climate crisis if electrification is powered by a flexible energy system where solar and wind are complemented by enhanced grids and storage.

      The pledge’s text says that the electricity goal should be supported by “diverse and sustainable energy sources”, but it stops short of explaining what these sources are.

      Alden Meyer, an international climate policy expert and senior associate at think-tank E3G, said the details of the pledge matter to how effective it will be in helping bring planet-heating emissions down.

      “It has to be clean, and we haven’t got enough clarity on a guarantee that it will be a decarbonisation move,” he told Climate Home News.

      China’s industrial engine starts to break its fossil fuel habit

      According to an annual electricity review from energy think-tank Ember, in 2025 renewables edged ahead of coal power for the first time in 100 years. Continued growth in solar and wind pushed the share of renewables above a third of global electricity generation to just under 34%, compared with coal at 33%, it said.

      Janet Milongo, energy Transition lead at CAN International, said success cannot be measured simply by how much of the world’s final energy consumption becomes electric.

      “We must ask what generates that electricity, who has access to it, who owns the infrastructure, and whether it is helping communities transition away from fossil fuels,” she added.

      Electrification alone can’t meet climate goals

      Analysis published by the IEA on Tuesday, alongside the pledge, found that it would already be cost-effective to raise electricity’s share of global energy use from 23% today to around 33% with existing technologies, putting the COP31 goal “within striking distance”. Based on current policies, however, the share reaches only about 30% by 2035.

      Hitting the 35% target would cut fossil fuel importers’ import bills by around $400 billion a year by 2035, the IEA said. At the higher prices caused by the conflict in the Middle East, that saving rises to more than $500 billion.

      Speaking at New York Climate Week on Tuesday, IEA executive director Fatih Birol said the agency’s figures show that in 2026, about 80% of all new power plants built will run on renewables, with a few percentage points coming from nuclear power and the rest from fossils fuels. “So therefore, electrification itself will lead reduction of the [greenhouse gas] emissions,” he added.

      IEA Executive Director Fatih Birol speaks at Climate Week NYC on September 22, 2026 (Photo: Megan Rowling / Climate Home News)

      IEA Executive Director Fatih Birol speaks at Climate Week NYC on September 22, 2026 (Photo: Megan Rowling / Climate Home News)

      However, the IEA warned in its new report that electrification “by itself is not enough” to meet the world’s climate targets. It noted that, if “low-emission” sources of power continue to simply grow in line with current policy scenarios, that would be only just enough to cover the extra demand from electrification, driving a modest decline in emissions.

      Matt Webb, associate director of global clean power diplomacy at E3G, said the pledge is a “welcome signal of leadership” and can help COP31 be a “critical moment” for countries to double down on the energy commitments made at COP28.

      But to secure the full benefits of electrification, he added, it is essential that we “urgently clean up” by speeding up the rollout of renewables and developing credible national plans to transition away from fossil fuels.

      The post COP31 electrification pledge leaves out clean power commitment appeared first on Climate Home News.

      COP31 electrification pledge leaves out clean power commitment

      Continue Reading

      Climate Change

      As loss and damage fund stalls, Nepal crowdfunds flood relief

      Published

      on

      People around the world have donated almost $90 million to a government-led campaign to help Nepal recover from its recent devastating Himalayan flood, according to a Nepali climate negotiator, even as the UN chief slammed the tiny amount of money in a new fund to deal with such disasters.

      Individuals and companies from Nepal and abroad have chipped in from $5 to “many millions” of dollars to the Prime Minister’s Disaster Relief Fund, Manjeet Dhakal, an advisor to the poorest countries at UN climate talks, told an event on Monday focused on early warning systems.

      The prompt and substantial response from the public contrasts with the slower, more limited support that is potentially on offer from the UN’s new Fund for Responding to Loss and Damage (FRLD), set up by governments to compensate developing countries for climate disasters.

      Comment: Human security relies on adapting to the world’s new climate reality

      Over three weeks have passed since Nepal’s finance and environment ministers asked the FRLD board to take an urgent decision to allocate funding to help Nepal protect people and restore essential services in the wake of the disaster, which caused around 1,450 deaths and left more than 5,000 people missing.

      “Time is of the essence,” the ministers wrote in an appeal to the FRLD on August 31, which was swiftly followed by a letter from a group of developing-country board members urging the FRLD board’s co-chairs to organise an extraordinary meeting to come up with a response.

      Loss and damage fund hesitates

      Yet, despite informal online meetings, the co-chairs have yet to convene a meeting with the power to allocate funds. The board’s next scheduled meeting begins on December 15.

      Dhakal said on Monday that the request has “received some positive response, but still there is some discussion ongoing about how to respond to that”.

      “If they can’t respond in a timely manner, then is [the fund] fit for purpose in terms of disasters that the world would be facing in the coming years? The scale and intensity of these disasters is increasing,” he said.

      With just $820 million pledged to it by rich countries and not all of that yet delivered, the FRLD has earmarked just $350 million to spend in its initial phase and without further contributions could run out of money next year.

      Because of these limited funds, and a huge number of requests for funding totalling nearly $3 billion, the FRLD has said it will only give out a maximum of $20 million to each project for now. It has yet to approve funding for any projects.

      Dhakal recently told The Nation magazine that this amount was just a “symbolic gesture”. Nepal’s government has estimated the costs of recovery and reconstruction at $4.8 billion, with homes, roads, bridges, hospitals and hydropower stations in the affected area needing to be repaired and rebuilt.

      “Ridiculously small” funding

      In a speech to the UN General Assembly on Tuesday, the body’s outgoing Secretary-General António Guterres criticised the “ridiculously small” level of funds made available by wealthy governments to the FRLD. Developed countries should “make the loss and damage fund work at scale”, he said.

      Secretary-General António Guterres speaks at UNGA (Photo: UN Photo/ Loey Felipe)

      The Portuguese diplomat told world leaders that when he travelled to Nepal three years ago, he had “sounded the alarm on accelerating glacier melt, warning that the rooftops of the world are caving in”.

      “Some dismissed it all as overstating dangers, but as tragic events have shown, impacts are arriving sooner, hitting harder, and spreading further than many anticipated,” he said.

      A recent study by scientists with the World Weather Attribution group found that climate change contributed to the rock-ice avalanche which sparked a huge flash flood along a river valley on the Nepal-Tibet border.

      Speaking at a separate event in New York on Monday, leading climate scientist Johan Rockström highlighted those findings on the role of global warming in the Himalayan disaster.

      “This will be potentially the first poster-child case of a loss and damage invoice, because here we have a proven case of a catastrophe which would not have occurred if it hadn’t been for human-caused climate change,” he said.

      The post As loss and damage fund stalls, Nepal crowdfunds flood relief appeared first on Climate Home News.

      As loss and damage fund stalls, Nepal crowdfunds flood relief

      Continue Reading

      Trending

      Copyright © 2022 BreakingClimateChange.com