Oil companies and banks will profit from UN forest protection scheme | Environment | The Guardian

Redd scheme designed to prevent deforestation but critics call it 'privatisation' of natural resources
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But the report's authors say great social risks attached to the schemes must be addressed. "There are significant risks that Redd will lead to the privatisation of the world's forests, transferring them out of the hands of indigenous peoples and local communities and into the hands of bankers and carbon traders," they say.