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News articles on carbon offsets

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Mongabay.com news articles on carbon offsets in blog format. Updated regularly.

Green groups, corporations call for forest conservation to counter global warming

(05/20/2009) A group of leading U.S. businesses and environmental groups today formed a coalition calling for the inclusion of forest conservation in domestic cap-and-trade legislation. The pact endorses policies that would allow companies to receive credit for reducing emissions by financing activities that protect forests in tropical countries. It also calls for five percent of proceeds from the auctioning of greenhouse gas emissions allowances under a cap-and-trade system to go towards funding forest conservation projects.


Voluntary carbon markets double in 2008

(05/20/2009) Voluntary carbon markets greatly expanded in both transaction volume and value in 2008, providing critical funds for projects aiming to reduce greenhouse gas emissions, according to a new report from Ecosystem Marketplace and New Carbon Finance. Fortifying the Foundation: State of the Voluntary Carbon Markets 2009 — a survey of over 190 voluntary carbon credit retailers, brokers, accounting registries, and exchanges — found that voluntary carbon markets transacted 123 million metric tons of carbon credits valued at $705 million in 2008, up from 65 million tons of credits valued at $331 million in 2007.


Bioelectricity bests ethanol on two fronts: land use and global warming

(05/07/2009) Yesterday the Obama Administration established a Biofuels Interagency Working Group to oversee implementation of new rules and research regarding biofuels. On the group’s first day of work they would do well to look at a new study in Science Magazine comparing the efficacy of ethanol versus bioelectricity.


Indigenous people serve as guardians of forest carbon, must be involved in climate solutions

(04/22/2009) Efforts to create an international climate framework — including a carbon financing mechanism for forest conservation — must involve forest people, said indigenous leaders attending the Indigenous Peoples Global Summit on Climate Change meeting this week in Anchorage, Alaska.


Avoided deforestation projects highly desirable for carbon offsets finds survey

(04/21/2009) 91 percent of companies rated avoided deforestation as the most desirable forestry projects for carbon offsets, reports a survey by EcoSecurities, Conservation International, The Climate, Community & Biodiversity Alliance and ClimateBiz.


Rainforest conservation can help U.S. businesses reduce costs

(04/20/2009) Carbon credits generated through forest conservation could provide a cost-effective way for U.S. companies to reduce their greenhouse gas emissions, business leaders were told at a meeting in Columbus, Ohio


Kenya signs its first REDD deal to conserve forests

(04/16/2009) Kenya has signed its first carbon deal to reduce emissions from deforestation and degradation (REDD).


Rainforest conservation gains in U.S. and U.N. climate proposals

(04/14/2009) A proposed mechanism for reducing emissions from deforestation and degradation (REDD) figures prominently in the draft climate bill released last month by Congressmen Henry Waxman and Ed Markey as well as a U.N. document posted last week following a climate meeting in Bonn, Germany. Deforestation is the source of roughly 20 percent of greenhouse gas emissions from human activities.


Carbon credits from forest conservation would crash carbon market, says Greenpeace

(03/30/2009) Inclusion of forest conservation in a market-based mechanism for reducing greenhouse gas emissions would crash carbon prices by swamping the market with cheap credits, claims a new report from Greenpeace. The environmental group said low carbon prices would "derail global efforts to tackle global warming" and cause "developing countries losing out on billions of dollars a year for investment in clean energy technologies".


Can carbon credits from REDD compete with palm oil?

(03/30/2009) Reducing emissions from deforestation and degradation (REDD) is increasingly seen as a compelling way to conserve tropical forests while simultaneously helping mitigate climate change, preserving biodiversity, and providing sustainable livelihoods for rural people. But to become a reality REDD still faces a number of challenges, not least of which is economic competition from other forms of land use. In Indonesia and Malaysia, the biggest competitor is likely oil palm, which is presently one of the most profitable forms of land use. Oil palm is also spreading to other tropical forest areas including the Brazilian Amazon.


Rainforests absorb 20% of emissions annually

(02/19/2009) Undisturbed tropical forests are absorbing nearly a fifth of carbon dioxide released annually by the burning of fossil fuels, according to an analysis of 40 years of data from rainforests in the Central African country of Gabon. Writing in the journal Nature, Simon Lewis and colleagues report that natural forests are an immense carbon sink, helping slow the rise in atmospheric CO2 levels.


Payments for eco services could save the Amazon

(02/12/2009) Paying for the ecological services provided by the Amazon rainforest could be the key to saving it, reports a new analysis from WWF. The study, Keeping the Amazon forests standing: a matter of values, tallied the economic value of various ecosystem services afforded by Earth's largest rainforest. It found that standing forest is worth, at minimum, $426 per hectare per year.


Carbon market surges 84% in 2008

(02/12/2009) The value of the global carbon market surged 84 percent to $118 billion in 2008 despite the worldwide financial crisis, reports New Carbon Finance. Data from the market research firm shows that transaction volume for carbon dioxide emissions allowances reached four billion tons for the year, an increase of 42 percent over 2007.


New model uses carbon credits, sustainable palm oil to save Indonesia's rainforests

(02/05/2009) The World Resources Institute (WRI) has launched an innovative avoided deforestation model that aims to deter conversion of Indonesian rainforest for oil palm plantations. The project, dubbed "POTICO" (Palm Oil, TImber, Carbon Offsets), integrates sustainable palm oil, FSC-certified timber, and carbon offsets in order to "divert new oil palm plantations onto degraded lands and bring the forests that were slated for conversion into certified sustainable forestry".


Norway to pay Guyana to save its rainforests

(02/05/2009) Norway will provide financial support for Guyana's ambitious plan to conserve its rainforests, reports the Guyana Chronicle. Meeting in Oslo, Norway on Tuesday, Guyana President Bharrat Jagdeo and Norwegian Prime Minister Jens Stoltenberg signed a Memorandum of Understanding agreeing to establish a partnership to reduce greenhouse gas emissions from deforestation and forest degradation (REDD). The leaders will push for the incorporation of a REDD mechanism that includes low deforestation countries like Guyana in a post-2012 climate change agreement.


Iron fertilization of oceans may be ineffective in fighting global warming

(01/29/2009) Schemes to promote increased carbon uptake by plankton via iron fertilization of oceans will be less effective than previously believed, report researchers writing in the journal Nature.


Guidelines on how to establish an avoided deforestation project

(01/22/2009) Deforestation presently accounts for nearly 20 percent of anthropogenic greenhouse gas emissions — a share larger than that from the global transportation sector. Given this contribution, reducing deforestation is widely seen as a key component in plans to slow climate change and a number of proposals to include forestry in a post-Kyoto climate agreement are presently on the table. Anticipating the emergence of a market for forest carbon as a result of this framework, 'avoided deforestation' projects are already sprouting up in tropical countries around the world. Supporters say these initiatives offer the potential to protect forests and biodiversity while simultaneously delivering benefits to rural communities that have so far been lost out while their natural resources have been plundered by developers. While avoided deforestation seems to offers great promise, developing a project that meets still emerging standards is a complex and costly endeavor. A new book, published in five languages, seeks to untangle the forest carbon market and thereby facilitate new avoided deforestation projects.


Carbon market collapse claims another casualty

(01/22/2009) A recent collapse in carbon prices has triggered CantorCO2e — a carbon broker — to scale back on new clean energy projects, reports Reuters.


Deal on forests falls short

(12/11/2008) A deal reached Wednesday in Poznan to include forests in future climate treaties is a positive step but falls short of the progress needed to get the REDD (reducing emissions from deforestation and degradation) mechanism on track for incorporation into the framework that will succeed the Kyoto Protocol, say environmentalists speaking from the talks.


Rainforests continue to fall but hope may rest in a market solution

(12/11/2008) Environmentalists attempting to preserve the vanishing Amazon rain forest now confront a stark paradox: Never before have they succeeded in protecting so much of the world’s largest tropical forest, yet never before has so much of it simultaneously been destroyed. The key question today is whether new models of conservation — including an increasingly popular, market-based program known as REDD — will be able to reverse the steady loss of tropical forests, not only in the Amazon, but also in Indonesia, Borneo, and Africa’s Congo basin, where virgin woodlands continue to be razed at an unprecedented rate.


Indigenous people win voice in climate negotiations

(12/10/2008) Negotiators at U.N. climate conference have struck a deal to give forest-dependent people a voice in determining the role forest conservation will play future agreements to reduce greenhouse gas emissions, reports the Associated Press (AP). The agreement clears a key obstacle that had been blocking progress on reducing emissions from deforestation and degradation (REDD), a mechanism that would compensate tropical countries for protecting their forest cover.


Africa calls for "full-range" of bio-carbon as climate solution

(12/10/2008) A coalition of 26 African countries is calling for the inclusion of carbon credits generated through afforestation, reforestation, agroforestry, reduced soil tillage, and sustainable agricultural practices in future climate agreements.


Finland, Sweden push for loophole that would drive destruction of peatlands around the world

(12/09/2008) Finland and Sweden are pushing for a loophole in the E.U.'s Renewable Energy Directive that would open up vast tracts of peatlands around the world to development for biofuels production. The move could have drastic consequences for climate and biodiversity, warns Wetlands International, an environmental group.


New standards ensure forest carbon projects protect indigenous people, biodiversity

(12/08/2008) The Climate, Community & Biodiversity Alliance (CCBA) has released its second edition of its CCB Standard for certifying land-based carbon offset projects.


Peru seeks $200 million to save its rainforests

(12/08/2008) Peru is seeking $200 million in international contributions over the next ten years to cut deforestation to zero, reports BBC News.


In Poznan, France pushes initiative to save rainforests

(12/08/2008) As talks for incorporating forest conservation into an international climate treaty stall in Poznan, Poland due to technical debates, France has proposed an aggressive effort to address deforestation and forest degradation through the establishment of a Global Forest Carbon Mechanism (GFCM) and potential inclusion of forestry projects in the E.U.'s emissions trading scheme (ETS) beginning in 2013.


REDD faces challenges but can succeed, says report

(12/05/2008) The Center for International Forestry Research (CIFOR), a forest policy think tank, today released its assessment on the proposed REDD (reducing emissions from deforestation and degradation) mechanism for slowing climate change.


Little progress on avoided deforestation at climate meeting in Poland

(12/05/2008) Climate talks in Poland are failing to make progress on a proposed mechanism to reduce greenhouse gas emissions from deforestation, reports a forest policy group from the negotiations.


Salvage logging offers hope for forests, communities devastated by industrial logging

(12/04/2008) As currently practiced, logging is responsible for large-scale destruction of tropical forests. Logging roads cut deep into pristine rainforests, opening up once remote areas to colonization, subsistence and industrial agriculture, wildlife exploitation, and other forms of development. Timber extraction thins the canopy, damages undergrowth, and tears up soils, reducing biodiversity and leaving forests more vulnerable to fire. Even selective logging is damaging. Nevertheless demand for wood products continues to grow. China is expected to import more than 100 million cubic meters of industrial roundwood by 2010, much of which will go into finished products shipped off to Europe and the United States. As much as 60 percent of this is illicitly sourced. Meanwhile in Brazil domestic hunger for timber is fueling widespread illegal logging of the Amazon rainforest. Armed standoffs between environmental police and people employed by unlicensed operators are increasingly common. Tropical Salvage, a Portland, Oregon-based producer of wood products, is avoiding these issues altogether by taking a different approach to meet demand for products made from high-quality tropical hardwoods. The company salvages wood discarded from building sites, unearthed from mudslides and volcanic sites, and dredged from rivers in Indonesia and turns it into premium wood products. In the process, Tropical Salvage is putting formers loggers to work and supporting a conservation, education and reforestation project on Java.


WWF criticizes Brazil's plan to cut Amazon deforestation

(12/04/2008) WWF criticized Brazil's plan to reduce Amazon deforestation to 5,740 square kilometers per year as being "short on ambition and detail". In a statement issued Wednesday, WWF said that Brazil's proposed fund for conserving the Amazon would still result in the annual loss of an area forest the size of Rhode Island.


Rainforest canopy-penetrating technology gets boost for forest carbon monitoring

(12/04/2008) A tool for monitoring tropical deforestation has gotten a boost from the one of the world's largest supporters of Amazon conservation. The Gordon and Betty Moore Foundation has awarded the Carnegie Institution's Department of Global Ecology with a $1.6-million grant to expand and improve its tropical forest monitoring tool known as the Carnegie Landsat Analysis System Lite (CLASLite).


REDD may harm forest people, alleges report

(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).


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.


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.



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