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News articles on carbon finance
Mongabay.com news articles on carbon finance in blog format. Updated regularly.
(08/03/2010) Investments in protecting and managing biodiversity are key to helping the world slow and adapt to climate change, said a World Bank ecologist speaking last month at the Association for Tropical Biology and Conservation meeting in Sanur, Bali.
Indonesian people-not international donors or orangutan conservationists-will determine the ultimate fate of Indonesia's forests
(07/29/2010) Many of the environmental issues facing Indonesia are embodied in the plight of the orangutan, the red ape that inhabits the islands of Borneo and Sumatra. Orangutan populations have plummeted over the past century, a result of hunting, habitat loss, the pet trade, and human-ape conflict. Accordingly, governments, charities, and concerned individuals have ploughed tens of millions of dollars into orangutan conservation, but have little to show in terms of slowing or reversing the decline. The same can be said about forest conservation in Indonesia: while massive amounts of money have been put toward protecting and sustainable using forests, the sum is dwarfed by the returns from converting forests into timber, rice, paper, and palm oil. So orangutans—and forests—continue to lose out to economic development, at least as conventionally pursued. Poor governance means that even when well-intentioned measures are in place, they are often undermined by corruption, apathy, or poorly-designed policies. So is there a future for Indonesia's red apes and their forest home? Erik Meijaard, an ecologist who has worked in Indonesia since 1993 and is considered a world authority on orangutan populations, is cautiously optimistic, although he sees no 'silver bullet' solutions.
Scientists commend Indonesia for conservation measures, but urge immediate action on forests and peatlands
(07/23/2010) Scientists convening at the annual Association for Tropical Biology and Conservation (ATBC) meeting in Sanur, Bali urged Indonesia's leaders to strengthen measures to protect the country's biologically-rich ecosystems. In a resolution issued on the final day of the five-day conference, ATBC commended Indonesia for recent moves to protect forests, including a pledge to cut illegal logging and a billion dollar partnership with Norway to reduce deforestation and forest degradation, but asked the government to immediately implement a planned moratorium on new forestry concessions on peatlands and primary forest lands.
Scientists sound warning on forest carbon payment scheme
(07/22/2010) Scientists convening in Bali expressed a range of concerns over a proposed mechanism for mitigating climate change through forest conservation, but some remained hopeful the idea could deliver long-term protection to forests, ease the transition to a low-carbon economy, and generate benefits to forest-dependent people.
Paying for nature: putting a price on 'ecosystem services'
(07/12/2010) Ever since humans entered the stage, nature has been providing us with a wide-variety of essential and 'free' services: food production, pollination, soil health, water filtration, and carbon sequestration to name a few. Experts have come to call these 'ecosystem services'. Such services, although vital for an inhabitable planet, have largely gone undervalued in the industrial age, at least officially. Yet as environmental crises pile one on another across the world, a growing number of scientists, economists, environmentalists, and policy-makers are beginning to consider putting a monetary value on 'ecosystem services'.
Ending deforestation could boost Brazilian agriculture
(06/26/2010) Ending Amazon deforestation could boost the fortunes of the Brazilian agricultural sector by $145-306 billion, estimates a new analysis issued by Avoided Deforestation Partners, a group pushing for U.S. climate legislation that includes a strong role for forest conservation. The analysis, which follows on the heels of a report that forecast large gains for U.S. farmers from progress in gradually stopping overseas deforestation by 2030, estimates that existing Brazilian farmers could see around $100 billion from higher commodity prices and improved access to markets. Meanwhile landholders in the Brazilian Amazon—including ranchers and farmers—could see $50-202 billion from carbon payments for forest protection.
U.S. farms and forests report draws ire in Brazil; cutting down the Amazon does not mean lower food prices
(06/24/2010) Not surprisingly, a US report released last week which argued that saving forests abroad will help US agricultural producers by reducing international competition has raised hackles in tropical forest counties. The report, commissioned by Avoided Deforestation Partners, a US group pushing for including tropical forest conservation in US climate policy, and the National Farmers Union, a lobbying firm, has threatened to erode support for stopping deforestation in places like Brazil. However, two rebuttals have been issued, one from international environmental organizations and the other from Brazilian NGOs, that counter findings in the US report and urge unity in stopping deforestation, not for the economic betterment of US producers, but for everyone.
Saving tropical forests helps protects U.S. agriculture, argues campaign
(06/18/2010) Reducing deforestation abroad helps protect the U.S. agricultural sector by ensuring higher prices for commodities and reducing the cost of compliance with expected climate regulations, argues a new report issued by Avoided Deforestation Partners, a group pushing for the inclusion of tropical forests in domestic climate policy, and the National Farmers Union, a farming lobby group.
Voluntary carbon markets plunge in 2009
(06/14/2010) Battered by a faltering world economy and lack of progress on U.S. climate legislation, voluntary carbon markets declined by nearly every measure in 2009, according to the fourth annual State of the Voluntary Carbon Market Report issued today by Ecosystem Marketplace and Bloomberg New Energy Finance.
Indonesia's plan to save its rainforests
(06/14/2010) Late last year Indonesia made global headlines with a bold pledge to reduce deforestation, which claimed nearly 28 million hectares (108,000 square miles) of forest between 1990 and 2005 and is the source of about 80 percent of the country's greenhouse gas emissions. President Susilo Bambang Yudhoyono said Indonesia would voluntarily cut emissions 26 percent — and up to 41 percent with sufficient international support — from a projected baseline by 2020. Last month, Indonesia began to finally detail its plan, which includes a two-year moratorium on new forestry concession on rainforest lands and peat swamps and will be supported over the next five years by a one billion dollar contribution by Norway, under the Scandinavian nation's International Climate and Forests Initiative. In an interview with mongabay.com, Agus Purnomo and Yani Saloh of Indonesia's National Climate Change Council to the President discussed the new forest program and Norway's billion dollar commitment.
Massive forest carbon scam alleged in Liberia
(06/10/2010) Liberian President Ellen Johnson Sirleaf established a commission investigate a proposed forest carbon credit deal between the West African nation's Forest Development Authority (FDA) and UK-based Carbon Harvesting Corporation, reports Global Witness, an NGO that originally raised concerns about the scheme, which aimed to secure around a fifth of Liberia's total forest area — 400,000 hectares — in a forest carbon concession.
Peatlands restoration wins support in effort to reduce carbon emissions
(06/10/2010) The body charged with establishing a framework for a global climate treaty will account for emissions from peatlands degradation, a source of roughly 6 percent of greenhouse gas emissions. The decision by the Intergovernmental Panel on Climate Change (IPCC) lays the groundwork for new measures to protect and restore wetlands, says Wetlands International.
Indonesia identifies possible sites for forest conservation pilot project
(06/06/2010) The government of Indonesia has named four forests which could serve as pilot projects for its conservation deal with Norway, according to the Jakarta Post. The deal, including a billion US dollar donation from Norway, is meant to help Indonesia stem rampant deforestation throughout the nation, which has pushed Indonesia to become the world's third highest greenhouse gas emitter.
As Amazon deforestation rates fall, fires increase
(06/03/2010) While rates of forest loss in the Brazilian Amazon have been on the decline since 2004, the incidence of fire is increasing in the region, undermining some of the carbon emissions savings of reduced deforestation rates, report researchers writing in the journal Science. The paper argues that REDD, a global plan to reduce deforestation and forest degradation, must include measures to eliminate the use of fire from land management in the Amazon.
A total ban on primary forest logging needed to save the world, an interview with activist Glen Barry
(06/02/2010) Radical, controversial, ahead-of-his-time, brilliant, or extremist: call Dr. Glen Barry, the head of Ecological Internet, what you will, but there is no question that his environmental advocacy group has achieved major successes in the past years, even if many of these are below the radar of big conservation groups and mainstream media. "We tend to be a little different than many organizations in that we do take a deep ecology, or biocentric approach," Barry says of the organization he heads. "[Ecological Internet] is very, very concerned about the state of the planet. It is my analysis that we have passed the carrying capacity of the Earth, that in several matters we have crossed different ecosystem tipping points or are near doing so. And we really act with more urgency, and more ecological science, than I think the average campaign organization."
Timber certification is not enough to save rainforests
(06/02/2010) In the 1980s and 1990s pressure from activist groups led some of the world's largest forestry products companies and retailers to join forces with environmentalists to form the Forest Stewardship Council (FSC), a certification standard that aims to reduce the environmental impact of wood and paper production on natural forests. Despite initial skepticism on whether buyers would pay a premium for greener forest products, FSC quickly grew and by 2000 had become a standard in many markets, including Europe and the United States. Companies like Home Depot, Lowe's, and Ikea are today strong supporters of the FSC. But the FSC has not been without controversy. In recent years some activists have voiced concern about FSC standards as well as the credibility of auditors that certify timber operations. Among the initiative's supporters is the Rainforest Action Network (RAN), a group best known for its aggressive protest tactics. RAN says engagement with the FSC is better than the alternative: leaving the timber industry to devise its own sustainability standards.
Norway's billion dollar contribution to Indonesian forests excludes national reforestation scheme
(06/01/2010) Norway's billion dollar contribution to forest and peatlands conservation in Indonesia will not fund reforestation of deforested areas, a government minister told The Jakarta Post.
New protected areas in Brazil contribute to major drop in Amazon deforestation rate
(06/01/2010) Protected areas in the Brazilian Amazon are proving highly effective in reducing forest loss in Earth's largest rainforest, reports a new study based on analysis of deforestation trends in and around indigenous territories, parks, military holdings, and sustainable use reserves. The research, published in the early edition of Proceedings of the National Academy of Sciences, finds that 37 percent of the recent decline in deforestation in the Brazilian Amazon can be attributed to newly established protected areas. Brazil designated some 709,000 square kilometers (274,000 sq mi) of Amazon forest — an area larger than the state of Texas — between 2002 and 2009 under its Amazon Protected Areas Program (ARPA). Meanwhile deforestation in the Brazilian Amazon fell by nearly three-quarters between 2004 and 2009.
Indonesia to revoke palm oil concession licenses under forest deal
(05/31/2010) Indonesia will revoke existing forestry licenses to cut down natural forests under the billion dollar deal climate deal signed with Norway last week, reports Reuters.
Indonesia announces moratorium on granting new forest concessions
(05/28/2010) With one of the highest rates of deforestation in the world, the world's third largest greenhouse gas emissions due mostly to forest loss, and with a rich biodiversity that is fighting to survive amid large-scale habitat loss, Indonesia today announced a deal that may be the beginning of stopping forest loss in the Southeast Asian country. Indonesia announced a two year moratorium on granting new concessions of rainforest and peat forest for clearing in Oslo, Norway, however concessions already granted to companies will not be stopped. The announcement came as Indonesia received 1 billion US dollars from Norway to help the country stop deforestation.
Can markets protect nature?
(05/03/2010) Over the past 30 years billions of dollars has been committed to global conservation efforts, yet forests continue to fall, largely a consequence of economic drivers, including surging global demand for food and fuel. With consumption expected to far outstrip population growth due to rising affluence in developing countries, there would seem to be little hope of slowing tropical forest loss. But some observers see new reason for optimism—chiefly a new push to make forests more valuable as living entities than chopped down for the production of timber, animal feed, biofuels, and meat. While are innumerable reasons for protecting forests—including aesthetic, cultural, spiritual, and moral—most land use decisions boil down to economics. Therefore creating economic incentives to maintaining forests is key to saving them. Leading the effort to develop markets ecosystem services is Forest Trends, a Washington D.C.-based NGO that also organizes the Katoomba group, a forum that brings together a wide variety of forest stakeholders, including the private sector, local communities, indigenous people, policymakers, international development institutions, funders, conservationists, and activists.
Chaos and the Accord: Climate Change, Tropical Forests and REDD+ after Copenhagen
(04/06/2010) The Copenhagen Accord, forged at COP15 upended international efforts to confront climate change. Never before have 115 Heads of State gathered together at one time, let alone for the singular purpose of crafting a new climate change agreement. Even though the new Accord is still in intensive care, two things are already clear. First, we have entered an entirely new world. And second, tropical forests have the greatest potential to breathe life into the new agreement.
Indonesia to establish rainforest trust fund
(03/30/2010) Indonesia is preparing to establish a trust fund to reduce deforestation, reports the Jakarta Globe.
Consumption habits cause rich countries to outsource emissions
(03/08/2010) Over a third of the greenhouse gas emissions related to the consumption of goods in wealthy nations actually occur in developing countries, according to a new analysis by researchers with the Carnegie Institution. Annually, each person if the United States outsources 2.5 tons of carbon due to consumption habits, most frequently in China. In Europe the figure of 'outsourced' emissions rises to 4 tons per person.
U.S. and Brazil sign deforestation agreement
(03/07/2010) Brazil and the United States have signed an agreement to worth together to reduce deforestation as part of an effort to slow climate change.
Australia pledges $30m to reduce deforestation in Sumatra
(03/03/2010) Australia will contribute A$30 million to a project to reduce deforestation in the province of Jambi, on the Indonesian island of Sumatra, reports Reuters.
REDD may not provide sufficient incentive to developers over palm oil
(02/22/2010) In less than a generation oil palm cultivation has emerged as a leading form of land use in tropical forests, especially in Southeast Asia. Rising global demand for edible oils, coupled with the crop's high yield, has turned palm oil into an economic juggernaut, generating us$ 10 billion in exports for Indonesia and Malaysia, which account for 85 percent of palm oil production, alone. Today more than 40 countries - led by China, India, and Europe - import crude palm oil.
Illegal loggers hit community reforestation project in Indonesia, spurring questions about REDD
(02/22/2010) Illegal loggers are targeting community-managed forests in South Sumatra, renewing questions over forestry governance and law enforcement as the Indonesia prepares to capitalize on payments for conservation and reforestation under a proposed climate change mitigation mechanism known as REDD, reports the Jakarta Press.
Climate change pledges by rich countries represent little new money
(02/19/2010) Under the Copenhagen Accord signed in December, the world's richest countries pledged billions of dollars in climate finance to help fund adaptation and mitigation initiatives in poor and vulnerable countries. However a new analysis by the World Resources Institute (WRI) finds that a relative small proportion of the money committed for such efforts is actually new.
How to end Madagascar's logging crisis
(02/10/2010) In the aftermath of a military coup last March, Madagascar's rainforests have been pillaged for precious hardwoods, including rosewood and ebonies. Tens of thousands of hectares have been affected, including some of the island's most biologically-diverse national parks: Marojejy, Masoala, and Makira. Illegal logging has also spurred the rise of a commercial bushmeat trade. Hunters are now slaughtering rare and gentle lemurs for restaurants.
Commodity trade and urbanization, rather than rural poverty, drive deforestation
(02/07/2010) Deforestation is increasingly correlated to urban population growth and trade rather than rural poverty, suggesting that measures proposed to reduce deforestation will be ineffective if they fail to address demand for commodities produced on forest lands, argues a new paper published in Nature GeoScience.
Forest conservation in U.S. climate policy: an interview with Jeff Horowitz
(02/05/2010) The Copenhagen Accord signed in December is widely seen as a disappointment. The Accord set no binding targets for greenhouse gas emissions targets and did not even commitment to a legally binding treaty in the future. Serious work is needed to bring the process back on track. But some progress was made. Countries agreed on international monitoring of emissions (a point of conflict between China and the United States) and funding (rich countries pledged $3 billion a year for the next three years and up to $100 billion a year by 2020) for mitigation and adaptation in developing countries. Furthermore, there were gains for the REDD mechanism, a U.N.-backed plan to compensate developing countries for reducing emissions from deforestation and degradation.
Failure of Copenhagen may spur dodgy REDD deals, says report
(01/26/2010) Lack of a clear framework and rules for a proposed climate change mitigation mechanism known as Reducing Emissions from Deforestation and Forest Degradation (REDD) could jeopardize its effectiveness and put forest-dependent communities at risk of exploitation, cautions a new report released by an environmental rights policy group. In "THE END OF THE HINTERLAND: Forests, Conflict and Climate Change", the Washington-based Rights and Resources Initiative (RRI) warns that without clear rules to address land tenure and forests rights issues, REDD could increase conflict by boosting the perceived value of forest land. Forest communities — which have much to gain under a well-designed and well-implemented mechanism — are particularly at risk.
Forestry sector needs transparency to reduce risks of REDD
(01/25/2010) A new project aims to increase transparency in the forestry sector, an area long plagued by corruption and mismanagement.
Photos: park in Ecuador likely contains world’s highest biodiversity, but threatened by oil
(01/19/2010) In the midst of a seesaw political battle to save Yasuni National Park from oil developers, scientists have announced that this park in Ecuador houses more species than anywhere else in South America—and maybe the world. "Yasuní is at the center of a small zone where South America's amphibians, birds, mammals, and vascular plants all reach maximum diversity," Dr. Clinton Jenkins of the University of Maryland said in a press release. "We dubbed this area the 'quadruple richness center.'"
Indonesian government report recommends moratorium on peatlands conversion
(01/19/2010) A study issued by Indonesian government recommends a moratorium on peatlands conversion in order to meet its greenhouse gas emissions target pledged for 2020, reports the Jakarta Post. The report, commissioned by the National Development Planning Agency (Bappenas), says that conversion of peatlands accounts for 50 percent of Indonesia's greenhouse gas emissions but only one percent of GDP. A ban on conversion would therefore be a cost-effective way for the country to achieve its goal of reducing carbon emissions 26 percent from a projected baseline by 2020. But the recommendation is likely to face strong resistance from plantation developers eager to expand operations in peatland areas. Last year the Agricultural Ministry lifted a moratorium on the conversion of peatlands of less than 3 meters in depth for oil palm plantations. Environmentalists said the move would release billions of tons of carbon dioxide.
Forest carbon conservation projects top $100 million
(01/14/2010) The market for carbon credits generated through forest conservation topped $100 million from 2007 through the first half of 2009, despite a global recession and plunging carbon prices in regulated markets, reports a new assessment by Ecosystem Marketplace.
REDD must address corruption to save rainforests in Indonesia, says report
(01/13/2010) The Indonesian government squandered billions of dollars in funds set aside for reforestation through corruption and mismanagement in the 1990s, raising important questions as the country prepares for the influx of money from a proposed climate change mitigation scheme known as REDD+ (reduced emissions from deforestation and degradation), warns a new report released Tuesday by the Center for International Forestry Research (CIFOR), a forest policy research group.
Indonesia to plant and restore vast area of forest to reach emissions target
(01/07/2010) Indonesia will rehabilitate degraded forests and plant millions of hectares of new forests to meet its target of reducing greenhouse gas emissions 26 percent from projected levels by 2020, reports Reuters.
Dead REDD? Not quite, but plan to protect forests suffers set back in Copenhagen
(12/20/2009) A plan to reduce tropical deforestation by paying developing countries to protect forests was postponed Saturday after world leaders failed to produce a binding climate agreement, reports the Associated Press.
Kenya REDD project becomes first in Africa to win gold-level validation
(12/18/2009) A Reduced Emissions from Deforestation and Forest Degradation (REDD) project in Kenya has become the first in Africa to win GOLD level validation under the Climate Community and Biodiversity (CCB) Alliance's REDD Standard, a certification program to ensure that communities and biodiversity benefit from such projects.
More than half world's science academies support call to save rainforests
(12/17/2009) More than half world's science academies have signed a statement supporting a plan to save tropical forests as a means to fight climate change, reports the Global Canopy Program, an initiative that has worked closely with Prince Charles to promote rainforest conservation. The statement argues that tropical forest protection is a critical strategy for reducing greenhouse gas emissions over the next 15-20 years. It calls upon world leaders to reach a consensus on a path forward for a funding package that would support the infrastructure needed to develop an effective reducing emissions from deforestation and degradation (REDD) mechanism.
Progress made on two key REDD issues in Copenhagen
(12/15/2009) Negotiators in Copenhagen have made progress on two key issues for the reducing emissions from deforestation and degradation (REDD) mechanism, reports a forest policy group.
New REDD text is weak, say activists
(12/12/2009) Activist group have condemned the latest draft text of an agreement that aims to protect rainforests as a means to mitigate climate change.
New poll: 70 percent of Americans agree that global warming is occurring
(12/11/2009) A new poll, taken in the midst of the scandal involving hacked emails from climate change scientists, shows that a significant majority (70 percent) of Americans agree with climatologists that the earth is warming.
REDD may miss up to 80 percent of land use change emissions
(12/11/2009) The political definition of 'forest' used in REDD (Reduce Emissions from Deforestation and forest Degradation) threatens to undermine the program's objective to conserve ecosystems for their ability to sequester carbon, according to a new analysis by the Alternatives to Slash and Burn (ASB) Partnership for Tropical Forest Margins. In an analysis of three Indonesian provinces using REDD proposals for carbon accounting, ASB found that REDD may miss up to 80 percent of the actual emissions due to land use change. The carbon accounting problems could be fixed, according to ASB, by expanding REDD's purpose from reducing emissions linked to deforestation (considering the problematic definition of forests) to reducing emission from all land use changes that either release or capture greenhouse gases, including but not limited to forests.
REDD+ could turn deforesters into forest protectors
(12/09/2009) Payments for conservation and sustainable management of forests could turn agents of forest destruction into forest protectors, according to a comprehensive analysis of national policy options to reduce deforestation released in Copenhagen by the Center for International Forestry Research (CIFOR).
Brazilian tribe owns carbon rights to Amazon rainforest land
(12/09/2009) A rainforest tribe fighting to save their territory from loggers owns the carbon-trading rights to their land, according to a legal opinion released today by Baker & McKenzie, one of the world’s largest law firms. The opinion, which was commissioned by Forest Trends, a Washington, D.C.-based forest conservation group, could boost the efforts of indigenous groups seeking compensation for preserving forest on their lands, effectively paving the way for large-scale indigenous-led conservation of the Amazon rainforest. Indigenous people control more than a quarter of the Brazilian Amazon.
Destruction of old-growth forests looms over climate talks
(12/08/2009) Destruction of old-growth or primary forests looms large in discussions in Copenhagen over a scheme to compensate tropical countries for reducing emissions from deforestation and degradation (REDD). Some environmental groups are pressing for conservation of old-growth forests — the most carbon-dense, and biologically-rich state of forests — to be the centerpiece of REDD, while industry and other actors are pushing for "sustainable forest management" or logging using reduced-impact techniques to be the primary focus of REDD.
REDD in Madagascar
(12/08/2009) Despite damage from ongoing illegal logging, Madagascar's remaining forests are poised to benefit from the proposed REDD mechanism, a U.N.-backed scheme that would compensate tropical developing countries for reducing emissions from deforestation and degradation, reports a new paper that analyzes efforts to use carbon finance to protect the Indian Ocean island's remaining forests. The research is published in the open-access Madagascar Conservation & Development.
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