In the Media
McKinsey Work Lets Congo, Guyana Get Aid, Cut Trees, Greenpeace Says
April 07, 2011
Bloomberg
McKinsey & Co. is helping rainforest nations such as Indonesia and Guyana safeguard their logging industry while gaining access to millions of dollars in funds intended to protect trees, Greenpeace said.
The report raises questions about a program that aims to allow developing nations to tap at least $4.6 billion of forest protection aid from donors including Norway and Britain. Negotiators from more than 190 nations agreed to develop the program, called Reducing Emissions from Deforestation and Forest Degradation, in December in Mexico.
A McKinsey cost-curve used by Indonesia is biased in favor of protecting the interests of forestry and agricultural businesses, Greenpeace said. The analysis makes it seem 30 times cheaper to reduce emissions by displacing small farmers than by stopping the spread of new plantations, according to the group.
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Keywords: Guyana, Indonesia, logging, Mckinsey, REDD