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.
A historical reflection of China’s main mass tree-planting projects puts in evidence the increasingly key role of capital and market forces in rural China. The most recent one is based on the idea of “green” consumerism and benefits some of the biggest retailer and technology companies.
While the destruction of forest territories continues, more pledges, agreements and programs are being implemented in the name of ‘addressing deforestation and climate change’.
