Donor-funded forest carbon trading scheme for multinational giants has not yet produced a single sale
The LEAF carbon trading scheme established by Norway, the United Kingdom, and the United States aimed to rapidly raise billions of dollars in forest financing from multinational companies like Amazon, Nestlé, and Bayer. Well into its fifth year, it has not yet produced a single sale and is mired in problems. Norway has committed billions of crowns to the LEAF set-up, but in the wake of massive aid cuts, neither the UK nor the US government confirms continued support for the initiative.
