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News articles on carbon finance
Mongabay.com news articles on carbon finance in blog format. Updated regularly.
(12/02/2008) A new report finds that the World Bank is not doing enough to protect indigenous rights under its mechanism to reduce emissions from deforestation and forest degradation (REDD).
Brazil to cut Amazon deforestation by 70% to fight global warming
(12/01/2008) Brazil will aim to cut its deforestation rate by 70 percent by 2018 under its plan to reduce emissions from forest clearing, Environment Minister Carlos Minc.
Carbon market could pay poor farmers to adopt sustainable cultivation techniques
(11/26/2008) The emerging market for forest carbon could support agroforestry programs that alleviate rural poverty and promote sustainable development, states a new report issued by the World Agroforestry Center (ICRAF).
Guide to reducing emissions through forest conservation released
(11/26/2008) Ahead of next week's climate meeting in Poznań, Poland, the Global Canopy Programme — an alliance of 37 scientific institutions in 19 countries — has launched a layman's guide to a proposed mechanism for cutting greenhouse gas emissions by reducing deforestation. Deforestation and land use change accounts for roughly 20 percent of global greenhouse gas emissions — a larger share than all the world's cars, trucks, ships, and airplanes combined.
California joins effort to fight global warming by saving rainforests
(11/19/2008) California has joined the battle to fight global warming through rainforest conservation. In an agreement signed yesterday at a climate change conference in Beverly Hills, California, Governor Arnold Schwarzenegger pledged financial assistance and technical support to help reduce deforestation in Brazil and Indonesia. The Memorandum of Understanding commits the California, Illinois and Wisconsin to work with the governors of six states and provinces within Indonesia and Brazil to help slow and stop tropical deforestation, a source of roughly 20 percent of global greenhouse gas emissions.
Coordinated effort needed to cut deforestation via carbon markets
(11/18/2008) The Coalition for Rainforest Nations — a group of 40 tropical countries seeking compensation in the form of carbon credits for protecting their forest cover — will ask the United Nations at next month's climate conference in Poland to establish a single body to coordinate forest carbon trading, reports Reuters from a workshop on Reducing Emissions from Deforestation and Forest Degradation (REDD) meeting in Milan, Italy.
New rules establish market for saving rainforests through carbon trading
(11/18/2008) A new carbon accounting standard will bolster efforts to reduce greenhouse gas emissions resulting from deforestation, thereby creating a financial incentive for saving rainforests, say backers of the initiative, known as the Voluntary Carbon Standard (VCS).
Conflict in PNG between govt and landowners over REDD carbon trading
(11/17/2008) The government of Papua New Guinea is facing criticism over its plan to seek compensation via the carbon market for protecting the country's rainforests, reports Australian Broadcasting Corporation News (ABC News).
Forests for Climate initiative launches in Indonesia
(11/04/2008) Greenpeace has officially launched its Forests for Climate initiative (FFC), a non-market avoided deforestation scheme that aims to reduce greenhouse gas emissions by slowing forest destruction.
Despite financial crunch, donors pledge $100M for rainforest conservation
(10/23/2008) Donors meeting this week in Washington D.C. pledged more than $100 million to the World Bank's new initiative for conserving tropical forests. In addition to the $100 million in donations, the World Bank announced that more than forty developing countries have asked to join the Forest Carbon Partnership Facility — the Bank's foray into the emerging market for forest carbon credits. 25 countries have so far been selected to participate in the initiative, which builds capacity for countries to earn compensation through the carbon markets for reducing greenhouse gas emissions by reducing deforestation and forest degradation (REDD). Experts say the mechanism could eventually lead to the transfer of billions of dollars per year to fund conservation and rural development in tropical countries, while at the same time helping fight climate change. Deforestation and land use change presently accounts for around a fifth of anthropogenic emissions.
EU says emissions trading system may fund forest conservation
(10/17/2008) Europe's carbon trading scheme may be used to generate funds to fight deforestation, reports Reuters. Speaking at a news conference on Friday, EU Environment Commissioner Stavros Dimas said he hoped the EU's emissions trading scheme could reduce gross tropical deforestation by half by 2020 and eliminate net forest loss by 2030.
Carbon conservation schemes will fail without forest people
(10/16/2008) Mechanisms that use forest conservation to reduce greenhouse gas emissions are doomed to fail unless they are "based on respect for the rights of indigenous peoples and forest communities," warn environmentalists and indigenous rights groups meeting in Oslo this week. Indigenous groups fear they are being excluded from discussions on Reduced Emissions from Deforestation and Forest Degradation (REDD), a proposed financial mechanism that would compensate tropical countries for reducing emissions caused by deforestation and land use. Such emissions account for a fifth of the global total, or more than the total emissions from transportation. In particular, indigenous groups and forest communities are concerned they will not see benefits from REDD. Worse, some believe the mechanism could trigger a new wave of land grabs and evictions by parties seeking to capitalize on carbon payments. Indigenous groups and forest communities have long struggled against development interests seeking to exploit their traditional lands and resources. But supporters of so-called "avoided deforestation" schemes say that properly-designed policy offers unprecedented opportunities to create sustainable livelihoods for forest people while safeguarding biodiversity and services provided by healthy forest ecosystems.
UK government: rainforests are weapon against global warming
(10/15/2008) Protecting tropical forests will simultaneously reduce carbon emissions, support poverty reduction and help preserve biodiversity and other forest services, says a new report commissioned by the British government. The report — dubbed the "Eliasch Review" after the lead author, Johan Eliasch, a multimillionaire Swede who runs a sports equipment company and owns 162,000 hectares (400,000 acres) of rainforest in the Brazilian Amazon — takes a comprehensive look at the role forests can play in mitigating climate change. It concludes: "Urgent action to tackle the loss of global forests needs to be a central part of any future international deal on climate change"
Exelon signs rainforest conservation deal to help reduce emissions
(10/13/2008) Environmental crime is generating $10 billion a year in revenue for gangsters and criminal syndicates reports the Environmental Investigation Agency (EIA) in a paper released today.
Indonesian governors agree to protect Sumatra's endangered forests
(10/09/2008) The ten governors of Sumatra — along with four federal ministers — have signed an agreement to protect forests and other ecosystems on the Indonesian island, according to WWF. The announcement is significant because Sumatra is a biodiversity hotspot — home to rare and endemic wildlife — that is under great threat from logging and expansion oil palm plantations. The island has lost 48 percent of its forest cover since 1985.
Forest conservation can fight climate change and poverty
(10/08/2008) The Forests Dialogue — a coalition consisting of more than 250 representatives of governments, forestry companies, trade unions, environmental and social groups, international organizations, forest owners, indigenous peoples and forest-community groups — has issued guiding principles for including forests in climate change negotiations.
Indigenous people demand greater say in using forests to fight global warming
(10/08/2008) Indigenous leaders renewed their call for greater say in how tropical forests are managed to reduce greenhouse gas emissions, according to AFP.
Cutting deforestation can fight climate change, reduce poverty and conflict
(09/24/2008) Forest conservation can play a critical role in efforts to reduce greenhouse gas emissions and alleviate poverty, said a prominent group of politicians, development experts, and environmental NGOs meeting in New York City to discuss U.S. climate policy. Organized by Avoided Deforestation Partners, an international policy group, the meeting sought to establish a strategy to highlight the global impact of deforestation and push for the inclusion of tropical forests in domestic climate policy. Attendees included leaders of WWF, the Nature Conservancy, Conservation International, World Vision, Oxfam, Mercy Corps, Care International, and the Union of Concerned Scientists; former Vice President Al Gore; Wangari Maathai, a Nobel Prize-winning activist from Kenya; Bharrat Jagdeo, president of the South American country of Guyana; and executives from a number of carbon-trading and financial firms. The event was hosted by veteran journalist Dan Rather.
Norway offers $1 billion towards saving the Amazon rainforest
(09/17/2008) Norway will donate up to a billion dollars to a Brazilian government fund that aims to protect the Amazon rainforest.
Prince Charles says hedge funds could save rainforests
(09/11/2008) Prince Charles renewed his call to protect rainforests for the services they provide humanity. Speaking Wednesday at a black-tie dinner in London, Charles compared the need to protect forests to fighting a war.
Old growth forests are giant carbon sinks, helping offset emissions
(09/11/2008) Old growth forests are important carbon sinks that help global warming, reports a study published in the journal Nature. The results run counter to claims by the forestry industry that old growth forests are carbon neutral or even net emitters of carbon dioxide.
Palm oil producers in Indonesia reject moratorium on forest destruction
(08/28/2008) Palm oil companies operating in Indonesia have rejected a proposed moratorium on clearing forests and peatlands for oil palm plantations, reports the Jakarta Post.
Biofuels 200 times more expensive than forest conservation for global warming mitigation
(08/27/2008) The British government should end subsidies for biofuels and instead use the funds to slow destruction of rainforests and tropical peatlands argues a new report issued by a U.K.-based think tank. The study, titled "The Root of the Matter" and published by Policy Exchange, says that "avoided deforestation" would be a more cost-effective way to address climate change, since land use change generates more emissions than the entire global transport sector and offers ancillary benefits including important ecosystem services.
Malaysia's rainforest logging plan may proceed despite risk to water supplies
(08/22/2008) Datuk Seri Azizan Abdul Razak, Chief Minister of the Malaysian state of Kedah, is pushing ahead with a plan to log Ulu Muda forest reserve despite concerns that logging could hurt water supplies and threaten biodiversity.
STRI goes carbon neutral as Panama indigenous community to see carbon payments from forest conservation
(08/21/2008) The Smithsonian Tropical Research Institute (STRI), the Panama-based branch of the Smithsonian Institution, will offset its carbon dioxide emissions by working with an indigenous community to conserve forests and reforest degraded lands with native tree species. The agreement was announced Sunday, August 17, 2008.
Markets could save rainforests: an interview with Andrew Mitchell
(08/17/2008) Markets may soon value rainforests as living entities rather than for just the commodities produced when they are cut down, said a tropical forest researcher speaking in June at a conservation biology conference in the South American country of Suriname. Andrew Mitchell, founder and director of the London-based Global Canopy Program (GCP), said he is encouraged by signs that investors are beginning to look at the value of services afforded by healthy forests.
Indonesia's Riau bans destruction of rainforests and peatlands for palm oil
(08/15/2008) The Indonesian province of Riau on the island of Sumatra has pledged to stop destruction of its forests and carbon-rich peatlands in an effort to reduce carbon emissions from deforestation by 50 percent by 2009.
Investors seek profit from conserving rainforest biodiversity
(08/13/2008) An investment firm has launched the first tropical biodiversity credits scheme. New Forests, a Sydney, Australia-based company, has established the Malua Wildlife Habitat Conservation Bank in Malaysia as an attempt to monetize rainforest conservation. The "Malua BioBank" will use an investment from a private equity fund to restore and protect 34,000 hectares (80,000 acres) of formerly logged forest that serves as a buffer between biologically-rich forest reserve and a sea of oil palm plantations. The conservation effort will generate "Biodiversity Conservation Certificates", the sales of which will endow a perpetual conservation trust and produce a return on investment for the Sabah Government and the private equity fund.
"Turtle carbon" could help protect rainforests and save endangered sea turtles
(08/12/2008) Using carbon credits to promote rainforest conservation could help protect endangered sea turtles in some parts of the world, argues a carbon finance expert.
7 steps to solve the global biodiversity crisis
(08/11/2008) Many biologists believe Earth is entering a sixth mass extinction event, one that has is the direct of human activities, including over-exploitation, habitat destruction and introduction of alien species and pathogens. Climate change — largely driven by anthropogenic forces — is expected to soon increase pressure on Earth's biodiversity. With population and per-capita consumption expected to grow significantly by the mid 21st century, there seems little hope that species loss can be slowed. Nevertheless, writing in the journal PNAS, Stanford biologists Paul R. Ehrlich and Robert M. Pringle suggest seven steps to help improve the outlook for the multitude of species that share our planet.
Private equity firm to sell biodiversity offsets from rainforest conservation
(08/06/2008) An investment firm has launched the first tropical biodiversity credits scheme. New Forests, an Australia-based company, has established the Malua Wildlife Habitat Conservation Bank in an attempt to monetize rainforest conservation. The "Malua BioBank" will use an investment from a private equity fund to restore and protect 34,000 hectares (80,000 acres) of formerly logged forest that serves as a buffer between biologically-rich forest reserve and a sea of oil palm plantations.
Dell becomes carbon neutral by saving endangered lemurs
(08/06/2008) Dell, the world's largest computer maker, announced it has become the first major technology company to achieve carbon neutrality.
Shift from poverty-driven to industry-driven deforestation may help conservation
(08/06/2008) A shift from poverty-driven deforestation to industry-driven deforestation in the tropics may offer new opportunities for forest conservation, argues a new paper published in the journal Trends in Evolution & Ecology.
Corporations become prime driver of deforestation, providing clear target for environmentalists
(08/05/2008) The major drivers of tropical deforestation have changed in recent decades. According to a forthcoming article, deforestation has shifted from poverty-driven subsistence farming to major corporations razing forests for large-scale projects in mining, logging, oil and gas development, and agriculture. While this change makes many scientists and conservationists uneasy, it may allow for more effective action against deforestation. Rhett A. Butler of Mongabay.com, a leading environmental science website focusing on tropical forests, and William F. Laurance of the Smithsonian Tropical Research Institute in Panama believe that the shift to deforestation by large corporations gives environmentalists and concerned governments a clear, identifiable target that may prove more responsive to environmental concerns.
Loggers, palm oil firms eye remote rainforests of Papua for development
(07/25/2008) Commodity producers are eyeing one of the world's last relatively untouched tracts of rainforest for development, reports the Wall Street Journal.
14 countries win REDD funding to protect tropical forests
(07/24/2008) Fourteen countries have been selected by the World Bank to receive funds for conserving their tropical forests under an innovative carbon finance scheme.
New plan would pay tropical countries for saving forests, regardless of level of threat
(07/24/2008) Deforestation and forest degradation account for around a fifth of global carbon emissions from human activities, but new policy measures are focusing reducing such emissions as a cost-effective way to fight global warming. While the concept — known as REDD for "Reducing Emissions from Deforestation and Degradation" — has found wide support from politicians, scientists, and environmentalists, there are lingering concerns over how to compensate countries that have extensive forest cover and low rates of annual forest loss, since payments are based on historical deforestation rates. A new proposal seeks to get around this issue by factoring in all the terrestrial carbon in a tropical landscape — regardless of level of threat it faces — and packaging it as a tradable commodity.
Rainforest conservation could offset 500m tons of CO2 emissions at $2/ton
(07/24/2008) Industrialized nations could collectively offset 500 million tons carbon of dioxide emissions at roughly $2 per ton by protecting tropical rainforests, according to estimates published in the online edition of Proceedings of the National Academy of Sciences.
Carbon payments may not protect biodiversity
(07/07/2008) Paying rural landowners in Oregon's Willamette Basin to protect at-risk animals won't necessarily mean that their newly conserved trees and plants will absorb more carbon from the atmosphere and vice versa, a new study has found.
Britain, Norway commit $210 million towards Congo rainforest conservation
(06/24/2008) The governments of Britain and Norway last week announced a $211 million (108 million) initiative to conserve rainforests in the Congo Basin. The plan calls for the use of an advanced satellite camera to monitor deforestation in the region and funding for community-based conservation projects.
Unlocking the potential of forests to limit climate change
(06/12/2008) Understanding the complex interactions between forests and climate may "unlock the potential of forests to limit global climate change," argues a researcher writing in the journal Science.
Forestry will play a critical role in slowing global warming
(06/12/2008) While reducing deforestation and forest degradation would pay great dividends in the fight against global climate change by eliminating up to a fifth of greenhouse gas emissions, other mechanisms can also enhance the capacity of forests to sequester carbon from the atmosphere, show researchers writing in this week's issue of the journal Science.
REDD could trigger bias in conservation funding towards carbon-rich ecosystems
(06/12/2008) The Reducing Emissions from Deforestation and Degradation (REDD) mechanism proposed as a means to fight global warming and protect forests may leave some ecosystems at risk to development argue researchers in an editorial published in the journal Science.
Madagascar signs big carbon deal to fund rainforest conservation
(06/11/2008) Madagascar will sell more than nine million tons of carbon offsets to fund rainforest conservation in a newly established protected area. conservationists say the deal protect endangered wildlife, promote sustainable development to improve the economic well-being of people living in and around the park area, and help fight global warming.
Guiana Shield forests help preserve biodiversity and climate
(06/09/2008) The Guiana Shield region of South America could play a significant role in efforts to fight global warming as part of a broader strategy to protect the world's biodiversity hotspots and high biodiversty wilderness areas, said a leading conservationist speaking in Paramaribo, Suriname at a gathering of tropical biologists.
Papua New Guinea's rainforests disappearing faster than thought
(06/02/2008) Logging is taking a heavy toll on the forests of Papua New Guinea, suggests a new study. Using satellite images to reveal changes in forest cover between 1972 and 2002, researchers from the University of Papua New Guinea and the Australian National University found that Papua New Guinea (PNG) lost more than 5 million hectares of forest over the past three decades — total forest cover declined from 38 million hectares in 1972 to 33 million hectares in 2002. Worse, deforestation rates may be accelerating, with the pace of forest clearing reaching 362,000 hectares (895,000 acres) per year in 2001. The study warns that at current rates 53 percent of the country's forests could be lost or seriously degraded by 2021.
Forest carbon credits could guide development in Congo
(05/28/2008) An initiative to reduce greenhouse gas emissions by offering carbon credits to countries that reduce deforestation may be one of the best mechanisms for promoting sustainable development in Central Africa says a remote sensing expert from the Woods Hole Research Center (WHRC). Dr. Nadine Laporte, an associate scientist with WHRC who uses remote sensing to analyze land use change in Africa, says that REDD could protect forests, safeguard biodiversity, and improve rural livelihoods in Democratic Republic of Congo (DRC) and other Central African nations.
Greenpeace says carbon fund will save forests and climate
(05/20/2008) In a report unveiled today at the UN conference on biodiversity in Bonn, Greenpeace announced support for a plan to save tropical forests through a fund for carbon and other ecosystem services.
Carbon market could fund rainforest conservation, fight climate change
(05/19/2008) A mechanism to fund forest conservation through the carbon market could significantly reduce greenhouse emissions, help preserve biodiversity, and improve rural livelihoods, says a policy expert with the Woods Hole Research Center (WHRC) in Massachusetts. In an interview with mongabay.com, WHRC Policy Advisor and Research Associate Tracy Johns says that Reducing Emissions from Deforestation and Degradation (REDD), a proposed policy mechanism for combating climate change by safeguarding forests and the carbon they store, offers great potential for protecting tropical rainforests.
Prince Charles calls for rainforest protection to fight climate change
(05/15/2008) Ending the destruction of tropical rainforests is the simplest step to helping address climate change, said Prince Charles in an interview with the BBC.
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