| | Other topics
News articles on economics
Mongabay.com news articles on economics in blog format. Updated regularly.
(08/30/2011) World on the Edge: How to Prevent Environmental and Economic Collapse clearly describes in terms of national and social security how the looming current threat to our collective global future is not from catastrophic war as many describe in hindsight the 20th Century, rather from cataclysmic climate change, biodiversity loss, and water degradation.
Innovative program saves wildlife, protects forests, and fights poverty in Africa
(08/23/2011) Luangwa Valley in Zambia is home to stunning scenes of Africa wildlife: elephants, antelopes, zebra, buffalo, leopards, hyena, and lions all thrive in Luangwa's protected areas, while the Luangwa River is known for multitude of snapping crocodiles and its superabundant herds of hippos. In fact, the area's hippos were filmed for the BBC's program Life, including a dramatic battle between two males (see below). Yet as in many such places in Africa, abundant plains and forest wildlife bump up against the needs of impoverished local people. The resulting conflict usually ends in large-scale wildlife declines; the same trend was documented in the Luangwa Valley until a unique initiative began to make a difference not only in the life of animals, but of people as well.
Taking corporate sustainability seriously means changing business culture
(08/11/2011) As more and more people demand companies to become sustainable and environmentally conscious, many corporations are at a loss of how to begin making the changes necessary. If they attempt to make changes—but fall short or focus poorly—they risk their actions being labeled as 'greenwash'. In addition, if they implement smart changes and self-regulations, but their employees don't buy-in to the process, all their investments will be for nothing. This is where Accountability Now, a young, fresh social responsibility agency, comes in. Clare Raybould, director of Accountability Now, believes companies—large and small—have the potential to change the world for the better, but they simply need a guiding hand to change not just the way a company works, but its culture.
Adaptation, justice and morality in a warming world
(07/28/2011) If last year was the first in which climate change impacts became apparent worldwide—unprecedented drought and fires in Russia, megaflood in Pakistan, record drought in the Amazon, deadly floods in South America, plus record highs all over the place—this may be the year in which the American public sees climate change as no longer distant and abstract, but happening at home. With burning across the southwest, record drought in Texas, majors flooding in the Midwest, heatwaves everywhere, its becoming harder and harder to ignore the obvious. Climate change consultant and blogger, Brian Thomas, says these patterns are pushing 'prominent scientists' to state 'more explicitly that the pattern we're seeing today shows a definite climate change link,' but that it may not yet change the public perception in the US.
South Sudan's choice: resource curse or wild wonder?
(07/11/2011) After the people of South Sudan have voted overwhelmingly for independence, the work of building a nation begins. Set to become the world's newest country on July 9th of this year, one of many tasks facing the nation's nascent leaders is the conservation of its stunning wildlife. In 2007, following two decades of brutal civil war, the Wildlife Conservation Society (WCS) surveyed South Sudan. What they found surprised everyone: 1.3 million white-eared kob, tiang (or topi) antelope and Mongalla gazelle still roamed the plains, making up the world's second largest migration after the Serengeti. The civil war had not, as expected, largely diminished the Sudan's great wildernesses, which are also inhabited by buffalo, giraffe, lion, bongo, chimpanzee, and some 8,000 elephants. However, with new nationhood comes tough decisions and new pressures. Multi-national companies seeking to exploit the nation's vast natural resources are expected to arrive in South Sudan, tempting them with promises of development and economic growth, promises that have proven uneven at best across Africa.
Newest country boasts one of the world's greatest wildlife spectacles, but protection needed
(07/10/2011) At midnight local time on Friday, South Sudan became the world's newest nation. As celebrations continue in the new capital of Juba and congratulations come from every corner of the globe, the Wildlife Conservation Society (WCS) is urging the newborn nation to protect its ecosystems and rich wildlife in order to build a sustainable and forward-looking economy. Home to the world's second largest land migration, South Sudan boasts an abundance of African megafauna that is becoming increasingly rare throughout much of the continent.
Germany backs out of Yasuni deal
(06/13/2011) Germany has backed out of a pledge to commit $50 million a year to Ecuador's Yasuni ITT Initiative, reports Science Insider. The move by Germany potentially upsets an innovative program hailed by environmentalists and scientists alike. This one-of-a-kind initiative would protect a 200,000 hectare bloc in Yasuni National Park from oil drilling in return for a trust fund of $3.6 billion, or about half the market value of the nearly billion barrels of oil lying underneath the area. The plan is meant to mitigate climate change, protect biodiversity, and safeguard the rights of indigenous people.
Environment versus economy: local communities find economic benefits from living next to conservation areas
(06/12/2011) While few would question that conserving a certain percentage of land or water is good for society overall, it has long been believed that protected areas economically impoverish, rather than enrich, communities living adjacent to them. Many communities worldwide have protested against the establishment of conservation areas near them, fearing that less access and increased regulations would imperil their livelihoods. However, a surprising study overturns the common wisdom: showing that, at least in Thailand and Costa Rica, protected areas actually boost local economies and decrease poverty.
Despite setbacks, voluntary carbon markets booming
(06/06/2011) The voluntary carbon market posted a 34 percent gain in 2010, trading a record 131 million tons of carbon dioxide equivalent (MtC02e). While the US accounted for the majority of trading activity, worth $424 million in total, market growth was strongest in developing countries.
REDD should fund efficient stoves, crop yield increases, says study
(05/31/2011) Efforts to reduce greenhouse gas emissions from deforestation and forest degradation (REDD) must incorporate the implementation cost of programs to meet resource demands of local people in order to be successful, argues a new study published in Nature Climate Change.
Prosperity without Growth: Economics for a Finite Planet
(05/23/2011) Prosperity without Growth: Economics for a Finite Planet challenges us to imaging a world where growth and unmitigated consumption do not equal development. In fact, as clearly described throughout, countries with unmitigated consumption are the underdeveloped countries of the 21st Century expanding our global ecological debt at the expense of countries who are more sophisticated in their development practices with similar prosperity levels while incurring less "national" ecological debt.
Nobel laureates: 'we are transgressing planetary boundaries that have kept civilization safe for the past 10,000 years'
(05/23/2011) Last week the 3rd Nobel Laureates Symposium on Global Sustainability concluded with participants—including 17 past Nobel Prize winners and 40 other experts—crafting and signing the Stockholm Memorandum. The document calls for emergency actions to tackle human pressures on the Earth's environment while ensuring a more equitable and just world.
US southern forests face bleak future, but is sprawl or the paper industry to blame?
(05/19/2011) More people, less forests: that's the conclusion of a US Forest Service report for forests in the US South. The report predicts that over the next 50 years, the region will lose 23 million acres (9.3 million hectares) largely due to urban sprawl and growing populations amid other factors. Such a loss, representing a decline of over 10 percent, would strain ecosystem services, such as water resources, while potentially imperiling over 1,000 species. However, Dogwood Alliance, which campaigns for conservation of southern forests criticizes the new report for underplaying the role of clearcutting natural forests for the paper industry in the south.
Has the green energy revolution finally arrived?
(05/17/2011) When historians look back at the fight to combat climate change—not to mention the struggle to overcome our global addiction to fossil fuels—will 2011 be considered a watershed moment? Maybe. In the last couple months, three countries—each in the top ten in terms of GDP—have suddenly made major renewable energy promises. Germany, Japan, and, just today, Britain are giving speeches and producing plans that, if successful, could be the global tipping point needed to move beyond fossil fuels to, one day, a world run entirely on green.
Is Indonesia losing its most valuable assets?
(05/16/2011) Deep in the rainforests of Malaysian Borneo in the late 1980s, researchers made an incredible discovery: the bark of a species of peat swamp tree yielded an extract with potent anti-HIV activity. An anti-HIV drug made from the compound is now nearing clinical trials. It could be worth hundreds of millions of dollars a year and help improve the lives of millions of people. This story is significant for Indonesia because its forests house a similar species. In fact, Indonesia's forests probably contain many other potentially valuable species, although our understanding of these is poor. Given Indonesia's biological richness — Indonesia has the highest number of plant and animal species of any country on the planet — shouldn't policymakers and businesses be giving priority to protecting and understanding rainforests, peatlands, mountains, coral reefs, and mangrove ecosystems, rather than destroying them for commodities?
Violent protests follow approval of massive dam project in Patagonia
(05/16/2011) The wild rivers of Patagonia may soon never be the same. Last week, Chile's Aysén Environmental Review Commission approved the environmental assessment of a five dam proposal on two rivers. The approval, however, is marred in controversy and has set off protests in many cities, including Santiago. Critics say the series of dams will destroy a largely untouched region of Patagonia.
Valuing Ecosystem Services: The Case of Multi-functional Wetlands
(05/16/2011) Valuing Ecosystem Services: The Case of Multi-functional Wetlands provides the clearest guide yet to describing and implementing in a systematic fashion payments for ecosystems services (PES) strategies for wetland protection mechanisms. By focusing initially on frameworks and obstacles to implementation of wetland protection strategies such as property rights, measuring and monitoring, behavior and compensation, cultural barriers and external factors, the authors posit that is possible to effectively value multi-functional wetlands.
Belief and butchery: how lies and organized crime are pushing rhinos to extinction
(05/11/2011) Few animals face as violent, as well organized, and as determined an enemy as the world's rhinos. Across the globe rhinos are being slaughtered in record numbers; on average more than one rhino is killed by poachers everyday. After being shot or drugged, criminals take what they came for: they saw off the animal's horn. Used in Traditional Chinese Medicine, which claims that it has curative properties, rhino horn is worth more than gold and cocaine on the black market. However, science proves all this cash and death is based on a lie. 'There is no medicinal benefit to consuming rhino horn. It has been extensively analyzed in separate studies, by different institutions, and rhino horn was found to contain no medical properties whatsoever,' says Rhishja Larson.
Distressed Place and Faded Grace in North Sulawesi
(05/10/2011) The Nantu Wildlife Reserve is located in northern Sulawesi’s Minehasa Peninsula, in Gorontalo Province. Sulawesi is among the largest of Indonesia’s some seventeen thousand islands. Its shape is bizarre: a sinuous sprawling monkey, with lavish tail, poised to leap the straits of Makassar. Sulawesi lies to the north of Bali and Lombok and to the east of Borneo. Alfred Russell Wallace, the nineteenth century English explorer and natural scientist of broad expertise, spent a lot of time in Sulawesi’s northern peninsula, casting his curiosity and observation with such singular acuity that his mind apprehended “Darwin’s theory of evolution” independently from and possibly before Darwin. His work described the zone of transition between the Asian and Australian zoographic regions and was so accurate and thorough in its logic that today, some one-hundred and fifty years later, the zone is named Wallacea.
Left alive and wild, a single shark worth $1.9 million
(05/02/2011) For the Pacific island nation of Palau, sharks are worth much more alive than dead. A new study by the Australian Institute of Marine Science (AIMS) has found that one reef shark during its full life is worth $1.9 million to Palau in tourism revenue. Sold for consumption the shark is worth around $108. In this case a shark is worth a stunning 17,000 times more alive than dead.
What does Nature give us? A special Earth Day article
(04/22/2011) There is no question that Earth has been a giving planet. Everything humans have needed to survive, and thrive, was provided by the natural world around us: food, water, medicine, materials for shelter, and even natural cycles such as climate and nutrients. Scientists have come to term such gifts 'ecosystem services', however the recognition of such services goes back thousands of years, and perhaps even farther if one accepts the caves paintings at Lascaux as evidence. Yet we have so disconnected ourselves from the natural world that it is easy—and often convenient—to forget that nature remains as giving as ever, even as it vanishes bit-by-bit. The rise of technology and industry may have distanced us superficially from nature, but it has not changed our reliance on the natural world: most of what we use and consume on a daily basis remains the product of multitudes of interactions within nature, and many of those interactions are imperiled. Beyond such physical goods, the natural world provides less tangible, but just as important, gifts in terms of beauty, art, and spirituality.
Scientists urge Papua New Guinea to declare moratorium on massive forest clearing
(04/19/2011) Forests spanning an area larger than Costa Rica—5.6 million hectares (13.8 million acres)—have been handed out by the Papua New Guinea government to foreign corporations, largely for logging. Granted under government agreements known as Special Agricultural and Business Leases (SABLs), the land leases circumvent the nation's strong laws pertaining to communal land ownership. Now, the Association for Tropical Biology and Conservation (ATBC), the world's largest professional society devoted to studying and conserving tropical forests, is urging the Papua New Guinea government to declare a moratorium on SABLs.
From the Serengeti to Lake Natron: is the Tanzanian government aiming to destroy its wildlife and lands?
(04/14/2011) What's happening in Tanzania? This is a question making the rounds in conservation and environmental circles. Why is a nation that has so much invested in its wild lands and wild animals willing to pursue projects that appear destined not only to wreak havoc on the East African nation's world-famous wildlife and ecosystems, but to cripple its economically-important tourism industry? The most well known example is the proposed road bisecting Serengeti National Park, which scientists, conservationists, the UN, and foreign governments alike have condemned. But there are other concerns among conservationists, including the fast-tracking of soda ash mining in East Africa's most important breeding ground for millions of lesser flamingo, and the recent announcement to nullify an application for UNESCO Heritage Status for a portion of Tanzania's Eastern Arc Mountains, a threatened forest rich in species found no-where else. According to President Jakaya Kikwete, Tanzania is simply trying to provide for its poorest citizens (such as communities near the Serengeti and the Eastern Arc Mountains) while pursuing western-style industrial development.
Election cycle linked to deforestation rate in Indonesia
(04/14/2011) Increased fragmentation of political jurisdictions and the election cycle contribute to Indonesia's high deforestation rate according to analysis published by researchers at the London School of Economics (LSE), the Massachusetts Institute of Technology (MIT), and South Dakota State University (SDSU). The research confirms the observation that Indonesian politicians in forest-rich districts seem repay their election debts by granting forest concessions.
Indonesia can meet low carbon goals without sacrificing economic growth, says UK report
(04/14/2011) Indonesia can meet its low carbon development goals without sacrificing economic growth, reports an assessment commissioned by the British government.
Vanishing mangroves are carbon sequestration powerhouses
(04/05/2011) Mangroves may be the world's most carbon rich forests, according to a new study in Nature Geoscience. Measuring the carbon stored in 25 mangrove forests in the Indo-Pacific region, researchers found that mangroves forests stored up to four times as much carbon as other tropical forests, including rainforests. "Mangroves have long been known as extremely productive ecosystems that cycle carbon quickly, but until now there had been no estimate of how much carbon resides in these systems. That's essential information because when land-use change occurs, much of that standing carbon stock can be released to the atmosphere," explains co-author Daniel Donato, a postdoctoral research ecologist at the Pacific Southwest Research Station in Hilo, Hawaii.
Bats worth billions
(04/03/2011) US agriculture stands to lose billions in free ecosystem services from the often-feared and rarely respected humble bat. According to a recent study in Science bats in North America provide the US agricultural industry at least $3.7 billion and up to a staggering $53 billion a year by eating mounds of potentially pesky insects. Yet these bats, and their economic services, are under threat by a perplexing disease known as white-nose syndrome (WNS) and to a lesser extent wind turbines.
Sustainability takes only cents
(03/30/2011) Real economic global results from decoupling economic growth from unsustainable natural resource management and inefficient industrial processes are the central themes of Cents and Sustainability. Implementing wealth creation strategies at the local, national, and international level is the primary economic theme, or modus operandi, of the 21st Century, as opposed to 20th Century wealth appropriation strategies. This begets the question do concrete auditable examples of wealth creation while sustainably managing natural resources at the national level exist?
Clean energy investments rise 630% in 7 years
(03/29/2011) According to a report by the US Pew Environment Group global clean energy investments, which do not include nuclear power, jumped 630% since 2004. The report detailing 2010 clean energy investments found that China remains the global leader in clean energy, while the US fell from 2nd to 3rd. This is the second year in a row that the US fell: in 2009 it lost first place to China. In all $243 billion were invested in clean energy in 2010.
New land snail invading Singapore requires swift action
(03/28/2011) An African land snail Limicolaria flammea has been discovered by researchers in six locations in Singapore, perhaps heralding a new invasion of alien land snails in Southeast Asia. Although snails may seem largely innocuous creatures, past invasions have resulted in agricultural and economic damage. The global invasion of the giant African land snail (Achatina fulica) has been called one of the world's top 100 worst alien species. Writing in mongabay.com's open access journal Tropical Conservation Science, researchers examine the issue and provide suggestions as to how Singapore authorities can quickly rid the nation of Limicolaria flammea.
Environmental sustainability—the new economic bottom line
(03/28/2011) That’s the message in Accounting for Sustainability: Practical Insights. The book represents the compilation of a five-year project—nicknamed “A4S”—sponsored by Prince Charles, Prince of Wales, that examined the feasibility of factoring industries’ impact on the environment into their economic spread sheets. Using case studies and interviews with leaders at major accounting firms, Accounting For Sustainability documents the bond between capitalism and environmental capital.
5 million hectares of Papua New Guinea forests handed to foreign corporations
(03/23/2011) During a meeting in March 2011 twenty-six experts—from biologists to social scientists to NGO staff—crafted a statement calling on the Papua New Guinea government to stop granting Special Agricultural and Business Leases. According to the group, these leases, or SABLs as they are know, circumvent Papua New Guinea's strong community land rights laws and imperil some of the world's most intact rainforests. To date 5.6 million hectares (13.8 million acres) of forest have been leased under SABLs, an area larger than all of Costa Rica. "Papua New Guinea is among the most biologically and culturally diverse nations on Earth. [The country's] remarkable diversity of cultural groups rely intimately on their traditional lands and forests in order to meet their needs for farming plots, forest goods, wild game, traditional and religious sites, and many other goods and services," reads the statement, dubbed the Cairns Declaration. However, according to the declaration all of this is threatened by the Papua New Guinea government using SABLs to grant large sections of land without going through the proper channels.
Report: corruption in Sarawak led to widespread deforestation, violations of indigenous rights
(03/10/2011) At the end of this month it will be 30 years since Abdul Taib Mahmud came to power in the Malaysian state of Sarawak. Environmentalists are using the occasion, along with new revelations, to highlight corruption and nepotism they say have characterized his regime. Chief Minister Taib and his decades-long administration are no strangers to such allegations, but a new report from the indigenous-rights group Bruno Manser Fund (BMF)—amid criticism from independent media sources, such as Sarawak Report and Radio Free Sarawak—are adding fuel to the fire. Most recently, the report describes in great detail how the tropical timber trade in Sarawak has undercut indigenous groups while toppling some of the world's greatest rainforests, all at the expense of the Sarawak people.
Food prices hit new record high—again
(03/03/2011) Food prices in February hit a new record, breaking the previous one set in January and continuing an eight-month streak of rising prices, according to the Food and Agriculture Organization (FAO). Experts fear that rising food prices could lead to another food crisis similar to that of 2007-2008.
2% GDP could turn global economy green
(02/21/2011) Investing around $1.3 trillion, which represents about 2% of the world's gross domestic product (GDP), into ten sectors could move the world economy from fossil-fuel dependent toward a low carbon economy, according to report by the UN Environment Program (UNEP). In addition, the investments would alleviate global poverty and keep stagnating economies humming, while cutting humanity's global ecological footprint nearly in half by 2050 even in the face of rising populations.
Coal's true cost in the US: up to half a trillion
(02/20/2011) According to the global market coal is cheap, yet a new study in the Annals of the New York Academy of Sciences finds that the hidden costs of coal are expensive, very expensive. Estimating the hidden costs of coal, such as health and environmental impacts, the study found that burning coal costs the US up to $523 billion a year. Dubbed 'externalities' by economists, the paper argues that these costs are paid by the American public to the tune of $1,698 per person every year.
Environmentalists and locals win fight against coal plant in Borneo
(02/16/2011) Environmentalists, scientists, and locals have won the battle against a controversial coal plant in the Malaysian state of Sabah in northern Borneo. The State and Federal government announced today that they would "pursue other alternative sources of energy, namely gas, to meet Sabah's power supply needs." Proposed for an undeveloped beach on the north-eastern coast of Borneo, critics said the coal plant would have threatened the Coral Triangle, one of the world's most biodiverse marine ecosystems, and Tabin Wildlife Reserve, home to Critically Endangered Sumatran rhinos and Bornean orangutans. Local fishermen feared that discharges from the plant would have imperiled their livelihood.
Selling the Forests that Saved Britain
(02/15/2011) I confess that British Prime Minister David Cameron’s proposal to auction off all 650,000 acres of England’s national forests to the highest bidder came as a bit of a shock to me – especially as the contained such world-famous national treasures as Robin Hood’s Sherwood Forest, the Forest of Dean and the New Forest. Although warned by my Irish mother that Tories can never be trusted, Mr. Cameron’s passionate pledge to deliver the “greenest government ever” seemed sincere, especially given his ambitious plans to cut Britain’s pollution. Anyway, even if he turned out to be as slippery as his predecessors, his deep green Liberal Democratic coalition partners would, I thought, keep the planet high on his priority list.
Rhino horn price matches cocaine
(02/13/2011) As a rhino poaching epidemic continues throughout Africa and Asia, the price of rhino horn has matched cocaine, according to the UK's Daily Mirror. The price of illegal powdered rhino horn—obtained by killing wild rhinos and sawing off their horns—has hit £31,000 per kilo or nearly $50,000 per kilo. The price has already topped that of gold.
As South Sudan eyes independence, will it choose choose to protect its wildlife?
(02/11/2011) After the people of South Sudan have voted overwhelmingly for independence, the work of building a nation begins. Set to become the world's newest country on July 9th of this year, one of many tasks facing the nation's nascent leaders is the conservation of its stunning wildlife. In 2007, following two decades of brutal civil war, the Wildlife Conservation Society (WCS) surveyed South Sudan. What they found surprised everyone: 1.3 million white-eared kob, tiang (or topi) antelope and Mongalla gazelle still roamed the plains, making up the world's second largest migration after the Serengeti. The civil war had not, as expected, largely diminished the Sudan's great wildernesses, which are also inhabited by buffalo, giraffe, lion, bongo, chimpanzee, and some 8,000 elephants. However, with new nationhood comes tough decisions and new pressures. Multi-national companies seeking to exploit the nation's vast natural resources are expected to arrive in South Sudan, tempting them with promises of development and economic growth, promises that have proven uneven at best across Africa.
Prince Charles: 'direct relationship' between ecosystems and the economy
(02/09/2011) At an EU meeting in Brussels, dubbed the Low Carbon Prosperity Summit, the UK's Prince Charles made the case that without healthy ecosystems, the global economy will suffer.
The ocean crisis: hope in troubled waters, an interview with Carl Safina
(02/07/2011) Being compared—by more than one reviewer—to Henry Thoreau and Rachel Carson would make any nature writer's day. But add in effusive reviews that compare one to a jazz musician, Ernest Hemingway, and Charles Darwin, and you have a sense of the praise heaped on Carl Safina for his newest work, The View from Lazy Point: A Natural Year in an Unnatural World. Like Safina's other books, The View from Lazy Point focuses on the beauty, poetry, and crisis of the world's oceans and its hundreds-of-thousands of unique inhabitants. Taking the reader on a journey around the world—the Arctic, Antarctic, and the tropics—Safina always returns home to take in the view, and write about the wildlife of his home, i.e. Lazy Point, on Long Island. While Safina's newest book addresses the many ways in which the ocean is being degraded, depleted, and ultimately imperiled as a living ecosystem (such as overfishing and climate change) it also tweezes out stories of hope by focusing on how single animals survive, and in turn how nature survives in an increasingly human world. However, what makes Safina's work different than most nature writing is his ability to move seamlessly from contemporary practical problems to the age-old philosophical underpinnings that got us here. By doing so, he points a way forward.
'Land grab' fears in Africa legitimate
(01/31/2011) A new report by the International Institute for Environment and Development (IIED) has found that recent large-scale land deals in Africa are likely to provide scant benefit to some of the world's poorest and most famine-prone nations and will probably create new social and environmental problems. Analyzing 12 recent land leasing contracts investigators found a number of concerns, including contracts that are only a few pages long, exclusion of local people, and in one case actually giving land away for free. Many of the contracts last for 100 years, threatening to separate local communities from the land they live on indefinitely. "Most contracts for large-scale land deals in Africa are negotiated in secret," explains report author Lorenzo Cotula in a press release. "Only rarely do local landholders have a say in those negotiations and few contracts are publicly available after they have been signed."
Does chopping down rainforests for pulp and paper help alleviate poverty in Indonesia?
(01/13/2011) Over the past several years, Asia Pulp & Paper has engaged in a marketing campaign to represent its operations in Sumatra as socially and environmentally sustainable. APP and its agents maintain that industrial pulp and paper production — as practiced in Sumatra — does not result in deforestation, is carbon neutral, helps protect wildlife, and alleviates poverty. While a series of analyses and reports have shown most of these assertions to be false, the final claim has largely not been contested. But is conversion of lowland rainforests for pulp and paper really in Indonesia's best economic interest?
With REDD, could financial markets become species' extinction risk?
(01/06/2011) The emergence of a Reducing Emissions from Deforestation and Degradation (REDD) mechanism for protecting forests could introduce new risks for biodiversity by linking conservation finance to exotic financial derivatives, warn researchers writing in the journal Conservation Letters. Jacob Phelps, Edward L. Webb, and Lian P. Koh argue that REDD could effectively link the fate of some species to the short-term whims of the carbon market. Conservation projects funded primarily by REDD are most at risk of being undermined by declining in carbon prices or changing investor preference. The authors add that the short-term nature of REDD—which is seen as a stop gap measure of at most 30 years—may fail deliver benefits over the time-scale need to safeguard biodiversity.
US most vulnerable to climate change among world's wealthy nations
(12/06/2010) While the US has done little to mitigate climate change, a new report by humanitarian research organization DARA and the Climate Vulnerable Forum states that of all industrialized nations the US will face the most harm from a warming world. Together with Spain, the US's vulnerability to climate change has been listed as High by the newly released Climate Vulnerability Monitor.
'Environmental and social aggression': oil exploration threatens award-winning marine protected area
(12/01/2010) The Seaflower Marine Protected Area (MPA), which recently won top honors at the Convention on Biological Diversity (CBD) in Japan, is now under threat by planned oil exploration in the region, according to the Providence Foundation which is devoted to protecting the area. Proposed blocs for exploration by the Colombian government lie in the North Cays adjacent to the park, and perhaps even inside MPA boundaries. Spreading over 65,000 square kilometers (6.5 million hectares), Seaflower MPA lies within the Colombian Caribbean department known as the Archipelago of San Andres, Old Providence and Santa Catalina. This richly diverse Archipelago is home to a known 57 coral species, over 400 fish, and some 150 birds, as well as the ethnic and cultural minority: the Raizal people. The prospect of massive infrastructure or, even worse, oil spills in the area could devastate the park and locals' livelihoods.
Study: REDD could save species from extinction, if well-funded
(12/01/2010) The burgeoning global program REDD+ (Reduced Emissions from Deforestation and Forest Degradation) could do more than mitigate climate change, according to a new study in Conservation Letters by scientists with Conservation International (CI). Analyzing a sample of 2,500 forest animals, including mammals, birds and amphibians, researchers found that REDD+ could reduce the rate of extinction among these species by 46-82% over five years. The wide range in the study's findings depends on the amount of funds devoted to REDD+: more funds means greater forest preservation and, thereby, less extinction.
Leading model undervalues true cost of reducing deforestation, says report
(11/25/2010) A widely used representation of greenhouse gas emissions abatement costs doesn't reflect the true costs of forest conservation, making the proposed reducing emissions from deforestation and degradation (REDD) mechanism seem cheaper than it actually is, argues a new report from the Rainforest Foundation UK.
Oil, indigenous people, and Ecuador's big idea
(11/23/2010) Ecuador's big idea—potentially Earth-rattling—goes something like this: the international community pays the small South American nation not to drill for nearly a billion barrels of oil in a massive block of Yasuni National Park. While Ecuador receives hundred of millions in an UN-backed fund, what does the international community receive? Arguably the world's most biodiverse rainforest is saved from oil extraction, two indigenous tribes' requests to be left uncontacted are respected, and some 400 million metric tons of CO2 is not emitted from burning the oil. In other words, the international community is being asked to put money where its mouth is on climate change, indigenous rights, and biodiversity loss. David Romo Vallejo, professor at the University of San Francisco Quito and co-director of Tiputini research station in Yasuni, recently told mongabay.com in an interview that this is "the best proposal so far made to ensure the protection of this incredible site."
Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9