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McKinsey Work Lets Congo, Guyana Get Aid, Cut Trees, Greenpeace Says

Source:  Copyright 2011, Bloomberg
Date:  April 6, 2011
Byline:  Alex Morales
Original URL: Status ONLINE

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.

Forest management plans by Guyana and the Democratic Republic of Congo based on McKinsey advice include inflated projections for logging rates, allowing them to claim aid for undershooting those levels while increasing the number of trees they chop down, Greenpeace, an environmental pressure group, said in a report today. McKinsey said it stands behind its work and disagrees with Greenpeace’s findings.

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.

“REDD is ...

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