|
Cambodia signs REDD agreement
mongabay.com
June 24, 2009
Terra Global Capital, a San Francisco-based firm seeking to capitalize on emerging markets for ecosystem services, has signed an avoided deforestation deal with the government of Cambodia.
The project, which is currently undergoing third party validation, expects to reduce emissions from deforestation by 8.5 million tons of carbon dioxide over 30 years. Terra Global Capital is seeking accreditation for the project under the Voluntary Carbon Standard (VCS), a certification scheme.
Terra's partners include Community Forestry International, Pact, Cambodia's Forestry Administration, and nine community forestry groups.
"These agreements mark the culmination of years of effort to secure legal forest tenure for communities while at the same time cementing an agreement between the Government and communities to collaborate in conserving forest carbon over the next several decades," said Terra in a statement.
Cambodia has one of Asia's highest rates of forest loss. Between 2000 and 2005 the country lost 29% of its primary forests, while overall deforestation was 218,800 hectares of forest per year, according to figures from the Food and Agriculture Organization of the United Nations (FAO).
REDD (Reducing Emissions from Degradation and Deforestation) is a proposed climate change mitigation mechanism where industrialized countries would compensate developing countries for protecting their forests. REDD will be a hot topic at U.N. climate talks in Copenhagen this December.
More REDD news | More Cambodia news |
SHARE THIS ARTICLE:
Tags:
cambodia redd avoided deforestation asia forests carbon conservation conservation carbon finance payments for environmental services payments for ecosystem services forest carbon environment green
CITATION:
mongabay.com (June 24, 2009). Cambodia signs REDD agreement. http://news.mongabay.com/2009/0624-cambodia_redd.html
|
News index | RSS | News Feed | Twitter | Home
Advertisements:
Organic Apparel from Patagonia | Insect-repelling clothing
|
|
MONGABAY.COM
Mongabay.com seeks to raise interest in and appreciation of wild lands and wildlife, while examining the impact of emerging trends in climate, technology, economics, and finance on conservation and development (more)
CONTENTS
WEEKLY NEWSLETTER
INTERACT
POPULAR PAGES
STORE
SHIRTS
HIGH RESOLUTION PHOTOS / PRINTS
CALENDARS
Mount Kenya
East Africa Safari Wildlife
Kenya's Turkana People
Peru
African Wildlife
Alaska
China
Madagascar Chameleons
CANVAS BAGS
Hallucinogenic frog bag
Madagascar wildlife bag
|
|
|
