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News articles on conservation finance
Mongabay.com news articles on conservation finance in blog format. Updated regularly.
(06/30/2009) The United States will forgive nearly $30 million in debt owed by Indonesia in exchange for increased protection of endangered rainforests on the island of Sumatra, reports the Wall Street Journal. The deal is the largest debt-for-nature swap under the U.S. Tropical Forest Conservation Act — unanimously reauthorized this May by the Senate Foreign Relations Committee last week — and its first such agreement with Indonesia, which has the second highest annual loss of forest cover after Brazil. Under the terms of the pact the government of Indonesia will put $30 million into a trust over the next eight years. The trust will issue annual grants for forest conservation and restoration work in Sumatra, an island that lost nearly half of its forest cover between 1985 and 2007 as a result of logging, conversion for plantations, and forest fires.
Cameroon rainforest given 30 days to be conserved or sold off for logging
(06/18/2009) An 830,000-hectare tract of rainforest in Cameroon has been granted a 30-day reprieve from logging following a 4-week exploratory expedition that turned up large populations of lowland gorillas, forest elephants, mandrills, and chimpanzees, according to expedition leader Mike Korchinsky, founder of the conservation group Wildlife Works. The Cameroonian government has given Wildlife Works, which pioneered the first forest-based carbon project in Kenya, 30 days to come up with a competitive proposal to logging. The group is now scrambling to secure necessary funding to finance the early stages of the project.
Amazon deforestation doesn't make communities richer, better educated, or healthier
(06/11/2009) Deforestation generates short-term benefits but fails to increase affluence and quality of life in the long-run, reports a new study based an analysis of forest clearing in 286 municipalities across the Brazilian Amazon. The research, published in Friday's issue of the journal Science, casts doubt on the argument that deforestation is a critical step towards development and suggests that mechanisms to compensate communities for keeping forests standing may be a better approach to improving human welfare, while simultaneously sustaining biodiversity and ecosystem services, in rainforest areas.
Climate pact must halt deforestation and industrial logging of old-growth forests, exclude carbon credits for forest conservation, say activists
(06/09/2009) A global framework on climate change must immediately halt deforestation and industrial logging of the world's old-growth forests, while protecting the rights of forest communities and indigenous groups, said a broad coalition of activist groups in a consensus statement issued today at U.N. climate talks in Bonn Germany. The statement said the successor treaty to the Kyoto Protocol should not include mechanisms that allow industrialized countries to "offset" their emissions by purchasing carbon credits from reducing deforestation in developing countries, a position that puts the coalition at odds with larger environmental groups who say a market-based approach with tradable credits is the only way to generate enough money fund forest protection on a global scale.
Brazil's plan to save the Amazon rainforest
(06/02/2009) Accounting for roughly half of tropical deforestation between 2000 and 2005, Brazil is the most important supply-side player when it comes to developing a climate framework that includes reducing emissions from deforestation and forest degradation (REDD). But Brazil's position on REDD contrasts with proposals put forth by other tropical forest countries, including the Coalition for Rainforest Nations, a negotiating block of 15 countries. Instead of advocating a market-based approach to REDD, where credits generated from forest conservation would be traded between countries, Brazil is calling for a giant fund financed with donations from industrialized nations. Contributors would not be eligible for carbon credits that could be used to meet emission reduction obligations under a binding climate treaty.
After 400 years, beavers swim again in Scotland
(05/31/2009) The European beaver has been reintroduced into a loch in western Scotland. Eleven individual beavers were released on Friday, May 29th by the Scottish Beaver Trial (SBT), a project run by the Scottish Wildlife Trust, the Royal Zoological Society of Scotland and the Forestry Commission Scotland. The beaver was hunted to extinction throughout Britain during the Middle Ages for its fur. The last record of a beaver in Britain was made in 1526.
New rainforest reserve in Congo benefits bonobos and locals
(05/25/2009) A partnership between local villages and conservation groups, headed up by the Bonobo Conservation Initiative (BCI), has led to the creation of a new 1,847 square mile (4,875 square kilometer) reserve in the Democratic Republic of Congo (DRC). The reserve will save some of the region’s last pristine forests: ensuring the survival of the embattled bonobo—the least-known of the world’s four great ape species—and protecting a wide variety of biodiversity from the Congo peacock to the dwarf crocodile. However, the Kokolopori Bonobo Reserve is worth attention for another reason: every step of its creation—from biological surveys to reserve management—has been run by the local Congolese NGO and villages of Kokolopori.
Bronx zoo closes exhibits, evicts hundreds of animals following budget crisis
(04/28/2009) Following a budget shortfall of 15 million dollars, the Bronx Zoo has announced that it will be closing several exhibits and sending away hundreds of animals.
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).
Greenpeace opposes forest conservation initiative in Indonesia
(04/02/2009) Greenpeace criticized Indonesia's plan to reduce deforestation through a market-based emissions mechanism known as REDD (Reducing Emissions from Deforestation and Degradation), reports AFP.
World leaders meet to discuss future of rainforests
(04/02/2009) World leaders met Wednesday to discuss the role rainforests can play in reducing greenhouse gas emissions.
Ebay bidders to decide new shrimp's name
(03/24/2009) A new way to raise conservation funds has captured attention worldwide. The Australian Marine Conservation Society (AMCS) has auctioned the naming rights of a newly discovered species of shimp Ebay. "The shrimp is in the group or genus of shrimps known as Lebbeus, but is awaiting the addition of a unique species name," said Anna McCallum, a Melbourne scientist who discovered the new species in deep waters off the Southwest coast of Australia.
REDD in Indonesia could evict forest people from their lands, warns U.N. committee
(03/23/2009) In a letter released today, the United Nations Committee on the Elimination of Racial Discrimination expressed concern that a scheme to promote forest conservation in Indonesia via the Reduced Emissions from Deforestation and Forest Degradation (REDD) mechanism could increase conflict over land if the government doles out forest-carbon concessions in the same manner that it has with logging concessions. In the worst cases, forest people could be denied access rights to their traditional territories say indigenous rights' groups.
Norway emerges as champion of rainforest conservation
(03/19/2009) While citizens in western countries have long paid lip service to saving rainforests, Norway has quietly emerged as the largest and most important international force in tropical forest conservation. The small Scandinavian country has committed 3 billion krone ($440 million) a year to the effort, a figure vastly greater than the $100M pledged — but never fully contributed — by the United States under the Tropical Forest Conservation Act (TFCA). Norway now hopes it can help push to include forest conservation in the successor to the Kyoto Protocol by providing funding and fostering cooperation among international actors like the UN and World Bank, as well as developing countries, to fund the creation of an international architecture which makes it possible to incorporate deforestation and degradation into a post-2012 climate regime.
In exchange for marriage certificate Indonesians must donate trees
(03/05/2009) An Indonesian district in West Java, Garut, has started a unique program to support reforestation. As reported by Reuters, any couple planning to get married must give ten trees to local authorities for reforestation efforts before marriage will be legally sanctioned.
Time to give up on Tasmanian tiger, says DNA expert
(03/02/2009) Money and energy spent on finding the Tasmanian tiger should be used for other conservation purposes, according to Dr. Jeremy Austin from the University of Adelaide’s Centre for Ancient DNA. The Tasmanian tiger, or Thylacine, has captured the imagination of cryptozoologists ever since the last known individual died in the 1936 in the Hobart Zoo, which closed the next year. There have been several unreported sightings throughout the island since the 1930s, including inconclusive photos taken by German tourists.
Could America’s 700 billion stimulus have saved life on earth?
(02/26/2009) In a January op-ed in Science, ecologist Jaboury Ghazoul wistfully and wittily ponders how far the 789 billion stimulus bill recently passed by the US Congress could go toward saving our planet's embattled life-forms. In his essay, Ghazoul suggests we put the 700 billion “in the context of the species extinction crisis”. According to various scientific analyses the extinction rate is currently 100 to 1,000 times the average. Such a catastrophic loss of species—while making the world a lonelier and less interesting place—will unpredictably reshape ecosystems we depend on, causing social, political, and economic upheaval.
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".
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.
Wildlife banking gets a marketplace
(12/09/2008) Ecosystem Marketplace, a site that provides information on markets and payment schemes for ecosystem services, has launched what it is calling the "first information clearinghouse" for the species credit trading industry.
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.
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.
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).
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.
Ecuador's plan to protect rainforest from oil drilling looks doomed
(10/09/2008) Ecuador's proposal to protect one of the world's most biodiverse rainforests from oil development has failed to secure any funding ahead at its December deadline, reports the Guardian Unlimited.
Proposal to make animal logos pay for wildlife programs
(10/08/2008) They are everywhere: images of animals and nature to market large corporations’ products. There is the simply-sketched penguin on every Penguin Book; the leaping silver jaguar from the car company of the same name; the jumping helmet-wearing dolphin of the Miami Dolphins’ football team; and the ubiquitous talking gecko used in Geico auto insurance commercials. Such logos have always been free; however a new campaign, Save Your Logo, will encourage corporations with animal or nature logos to support endangered species and their dwindling habitats.
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.
"Punk-rock" monkey and handbags made from recycled trash inspire conservation in Colombia
(09/25/2008) A small, but charismatic primate has become the symbol for conservation efforts in an area of threatened forest in northwestern Colombia, says a conservationist who helped pioneer a successful community development program that turns trash into attractive handbags. Rosamira Guillen, Executive Director of the Fundación Proyecto Tití, is working with local communities to protect the endangered Cotton-top tamarin and its tropical dry forest habitat in northwestern Colombia. The effort relies heavily on creating alternative livelihoods for local people who would otherwise collect the squirrel-sized primate for the pet trade or raze its habitat for agriculture. In the process, Fundación Proyecto Tití has created a thriving business that converts plastic bags — a source or mortality among cotton-top tamarins — into fashionable "eco-mochilas" that are now sent all over the world.
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.
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