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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.

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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


Papua signs REDD carbon deal to generate income from rainforest protection

(05/14/2008) The government of the Indonesian province of Papua has entered into an agreement with an Australian financial firm to establish a forestry-based carbon finance project on the island of New Guinea.


Al Gore's investment firm bets that rainforest conservation will be profitable

(05/14/2008) Al Gore's investment firm has signaled an interest in the emerging market for ecosystem services by taking an equity position in an innovative Australian financial company.


U.S. climate policy could help save rainforests

(05/14/2008) U.S. policy measures to fight global warming could help protect disappearing rainforests, says the founding partner of an "avoided deforestation" policy group. In an interview with mongabay.com, Jeff Horowitz of the Berkeley-based Avoided Deforestation Partners argues that U.S. policy initiatives could serve as a catalyst for the emergence and growth of a carbon credits market for forest conservation. REDD or Reducing Emissions from Deforestation and Degradation is a proposed policy mechanism that would compensate tropical countries for safeguarding their forests. Because deforestation accounts for around a fifth of global greenhouse gas emissions, efforts to reduce deforestation can help fight climate change. Forest protection also offers ancillary benefits like the preservation of ecosystem services, biodiversity, and a homeland for indigenous people.


Investing to save rainforests

(04/02/2008) Last week London-based Canopy Capital, a private equity firm, announced a historic deal to preserve the rainforest of Iwokrama, a 371,000-hectare reserve in the South American country of Guyana. In exchange for funding a "significant" part of Iwokrama's $1.2 million research and conservation program on an ongoing basis, Canopy Capital secured the right to develop value for environmental services provided by the reserve. Essentially the financial firm has bet that the services generated by a living rainforest — including rainfall generation, climate regulation, biodiversity maintenance and carbon storage — will eventually be valuable in international markets. Hylton Murray-Philipson, director of Canopy Capital, says the agreement — which returns 80 percent of the proceeds to the people of Guyana — could set the stage for an era where forest conservation is driven by the pursuit of profit rather than overt altruistic concerns.


Global warming solutions are harming indigenous people, says U.N.

(04/02/2008) Large-scale solutions intended to help mitigate global warming are harming the very indigenous people who are likely to bear the brunt of climate change, warned the United Nations University (UNU) at a conference in Darwin, Australia.


Private equity firm buys rights to ecosystem services of Guyana rainforest

(03/27/2008) A private equity firm has purchased the rights to environmental services generated by 371,000 hectare rainforest reserve in Guyana. Terms of the deal were not disclosed, but the agreement is precedent-setting in that a financial firm is betting that the services generated by a living rainforest — including rainfall generation, climate regulation, biodiversity maintenance and water storage — will eventually see compensation in international markets.


Half the Amazon rainforest will be lost within 20 years

(02/27/2008) More than half the Amazon rainforest will be damaged or destroyed within 20 years if deforestation, forest fires, and climate trends continue apace, warns a study published in Philosophical Transactions of the Royal Society B. Reviewing recent trends in economic, ecological and climatic processes in Amazonia, Daniel Nepstad and colleagues forecast that 55 percent of Amazon forests will be "cleared, logged, damaged by drought, or burned" in the next 20 years. The damage will release 15-26 billion tons of carbon into the atmosphere, adding to a feedback cycle that will worsen both warming and forest degradation in the region. While the projections are bleak, the authors are hopeful that emerging trends could reduce the likelihood of a near-term die-back. These include the growing concern in commodity markets on the environmental performance of ranchers and farmers; greater investment in fire control mechanisms among owners of fire-sensitive investments; emergence of a carbon market for forest-based offsets; and the establishment of protected areas in regions where development is fast-expanding.


Carbon trading could protect forests, reduce rural poverty

(02/26/2008) Carbon trading from avoided deforestation (REDD) credits could yield billions of dollars for tropical countries, according to analysis by mongabay.com, a leading tropical forest web site.


Reducing deforestation rates 10% could generate $13B in carbon trading under REDD

(02/25/2008) Cutting global deforestation rates 10 percent could generate up to $13.5 billion in carbon credits under a reducing emissions from deforestation ("REDD") initiative approved at the U.N. climate talks in Bali this past December, estimate researchers writing in Philosophical Transactions of the Royal Society B. But the researchers caution there are still substantial obstacles to overcome before carbon-credits-for-rainforest-conservation becomes a reality.


Brazil's ecosystem payments system offers clues for REDD implementation

(02/24/2008) Brazil's existing system for environmental services payments could offer insight for implementing carbon-credits-for-forest-conservation (REDD) initiatives in the Amazon rainforest, argues a London School of Economics researcher in a new paper published in Philosophical Transactions of the Royal Society B.


Planktos kills iron fertilization project due to environmental opposition

(02/19/2008) Planktos, a California-based firm that planned a controversial iron-fertilization scheme in an attempt to qualify carbon offsets, announced that it failed to find sufficient funding for its efforts and would postpone its project indefinitely.


Carbon traders, not conservationists, could save Cameroon rainforest

(02/15/2008) The government of Cameroon is looking to lease 830,000 hectares of biodiverse tropical forest to conservationists for an annual sum of $1.6 million. The problem? No conservation groups are interested. Apparently the asking price is too high, according to The Economist.


$1 trillion carbon market in the U.S. by 2020 says study

(02/14/2008) The U.S. carbon emission trading market will top $1 trillion by 2020 if policymakers continue on their current path towards a comprehensive "cap-and-trade" program, estimates an analysis released at climate roundtable discussions at the UN General Assembly in New York.


First rainforest-for-carbon-credits deal becomes a reality

(02/07/2008) Villagers in Aceh, the Indonesian province that suffered through three decades of civil war and lost some 170,000 people to the 2004 Indian Ocean tsunami, could soon see $26 million in carbon credits for protecting rainforests from logging under a deal announced today between conservationists, carbon traders, and the Aceh government.


Forests Finally Emerging as Climate Issue

(01/30/2008) The representatives of more than 100 countries in attendance at December's U.N. climate conference in Bali, Indonesia, finally focused on the important role tropical forests play in global warming.


55% of the Amazon may be lost by 2030

(01/23/2008) Cattle ranching, industrial soy farming, and logging are three of the leading drivers of deforestation in the Brazilian Amazon. As commodity prices continue to rise, driven by surging demand for biofuels and grain for meat production, the economic incentives for developing the Amazon increase. Already the largest exporter of beef and the second largest producer of soy - with the largest expanse of "undeveloped" but arable land of any country - Brazil is well on its way to rivaling the U.S. as the world's agricultural superpower. The trend towards turning the Amazon into a giant breadbasket seems unstoppable. Nevertheless the decision at the U.N. climate talks in Bali to include "Reducing Emissions From Deforestation and Degradation" (REDD) in future climate treaty negotiations may preempt this fate, says Dr. Daniel Nepstad, a scientist at the Woods Hole Research Institute.


Too early to say if iron seeding will slow global warming - scientists

(01/10/2008) Schemes to use feed the ocean with iron as a way to enhance carbon sequestration from the atmosphere are premature and could be damaging to sea life and marine ecosystems, warns a letter published in the journal Science by an international group of scientists.


The hidden value of Bali: Why saving the world's rainforests is good for the climate and the US economy

(01/10/2008) A few weeks ago, over 10,000 politicians, scientists, NGO representatives, and academics inundated Bali, Indonesia. The goal was to negotiate, lobby, and struggle through the increasingly complex web of international climate change policy. At the end of it all an agreement was reached as part of the "Bali Action Plan" to spend two more years negotiating on a future agreement that should include reducing deforestation in developing countries--something that currently accounts for up to 25% of global greenhouse gas emissions.


U.S. hijacks climate talks, kills rainforest conservation plan

(12/11/2007) The United States again wrought havoc at UN Climate Change talks. In the early morning hours of talks, as diplomats faced exhaustion, the United States pulled the equivalent of a diplomatic nuclear option, scuttling frantic global efforts to save tropical forests.


U.S. contributes $0 to World Bank's new $300m forest carbon fund

(12/11/2007) At U.N. climate talks in Bali, the World Bank officially unveiled its $300 million Forest Carbon Partnership Facility, a scheme that will offer tropical countries carbon offset credits to preserve forests.


10% of global CO2 emissions result from swamp destruction

(12/10/2007) More than 10 percent of annual carbon dioxide emissions result from the degradation and destruction of peat swamps, reports the first comprehensive global assessment on the links between peatland degradation and climate change.


Aceh, Papua, Amazonas governors sign carbon-for-forests pact

(12/08/2007) Three governors have signed the Forests Now Declaration to protect tropical forests for their carbon value. The Governors, Irwandi Yusuf (Aceh, Indonesia), Barnabas Suebu (Papua, Indonesia), and Eduardo Braga (Amazonas, Brazil), agreed to the declaration's action plan which calls for compensation for reduced greenhouse gas emissions from deforestation and protection of standing forests. Deforestation and forest degradation account for roughly 20 percent of human-caused greenhouse gas emissions, but steps to reduce forest loss will help mitigate climate change. The UK government's 2005 Stern Review said that forest protection could be one of the most cost-effective ways to address climate change.


REDD will fail if needs of forest communities aren't addressed

(12/07/2007) Initiatives to reduce emissions by reducing tropical deforestation (REDD) will fail unless policymakers adequately address the underlying drivers of forest degradation and destruction, argues a new report published by the Center for International Forestry Research (CIFOR).


Merrill Lynch announces carbon credits-for-forest conservation partnership

(12/06/2007) Merrill Lynch is working with Carbon conservation, an ecosystem services firms, to explore opportunities in avoided deforestation and integrated sustainable land management. The partnership was announced Thursday in Bali, Indonesia, where more than 10,000 policymakers, scientists, and activists are meeting to discuss a post-Kyoto framework on limiting climate change.


Tropical forests face huge threat from industrial agriculture

(12/05/2007) With forest conversion for large-scale agriculture rapidly emerging as a leading driver of tropical deforestation, a new report from the Woods Hole Research Center (WHRC) suggests the trend is likely to continue with Brazil, the Democratic Republic of the Congo, Indonesia, Peru, and Colombia containing 75 percent of the world's forested land that is highly suitable for industrial agriculture expansion. Nevertheless the study identifies forests that may be best suited (low population density, unsuitable climate and soils) for "Reduced Emissions from Deforestation and Degradation" (REDD) initiatives which compensate countries for preserving forest lands in exchange for carbon credits.


Returns from carbon offsets could beat palm oil in Congo DRC

(12/04/2007) A proposal to pay the Democratic of Congo (DRC) for reducing deforestation could add 15-50 percent to the amount of international aid given to the warn-torn country, reports a new study published by scientists at the Woods Hole Research Center (WHRC). The funds would help alleviate rural poverty while cutting emissions of greenhouse gases and protecting threatened biodiversity.


Amazon deforestation could be eliminated with carbon priced at $3

(12/04/2007) The Amazon rainforest could play a major part in reducing greenhouse gas emissions that result from deforestation, reports a new study published by scientists at the Woods Hole Research Center, the Instituto de Pesquisa Ambiental da Amazônia, and the Universidade Federal de Minas Gerais. At a carbon price of $3 per ton, protecting the Amazon for its carbon value could outweigh the opportunity costs of forgoing logging, cattle ranching, and soy expansion in the region. 2008 certified emission-reduction credits for carbon currently trade at more than $90 per ton ($25 per ton of CO2).


Forest carbon may not fully offset fossil carbon, says expert

(12/03/2007) As policymakers meet in Bali, Indonesia to discuss various mechanisms for mitigating greenhouse emissions, a tropical ecologist from Sri Lanka warns that one ton of forest carbon is not equal to one ton of fossil carbon when it comes to using offsets to fight global warming. The implications: considerably larger forest areas (preferably old growth since it has higher carbon values than plantations) would need to be protected and reforested than are presently anticipated by most policymakers.


Could the carbon market save the Amazon rainforest?

(11/29/2007) The global carbon market could play a key role in saving the Amazon from the effects of climate change and economic development, which could otherwise trigger dramatic ecological changes, reports a new paper published in Science. The authors argue that a well-articulated plan, financed by carbon markets, could prevent the worst outcomes for the Amazon forest while generating economic benefits for the region's inhabitants.


Dutch bank arranges carbon-conservation deal in the Amazon rainforest

(11/27/2007) Dutch bank Rabobank will launch the first-ever carbon credits project in the Xingu region of the Brazilian Amazon, reports The Financial Times.


Carbon credits for forest conservation concept faces challenges

(11/27/2007) While environmentalists, scientists, development exports, and policymakers across the political spectrum are ethusiastic about the idea of offsetting carbon emissions by preventing deforestation (a concept known as "avoided deforestation" or Reduced Emissions from Deforestation and Degradation (REDD)), the concept still faces many challenges, especially in implementation.



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