| | Other topics
News articles on ecosystem finance
Mongabay.com news articles on ecosystem finance in blog format. Updated regularly.
(03/01/2010) Next time you’re in the supermarket looking to buy a nice bottle of wine: think cork. Although it’s not widely known, the cork industry is helping to sustain one of the world’s most biodiverse forests, including a number of endangered species such as the Iberian lynx and the Barbary deer. Spreading across 6.6 million acres in southern Europe (France, Spain, Portugal, and Italy) and northern Africa (Algeria, Morocco, and Tunisia) oak cork trees Quercus suber are actually preserved and protected by the industry.
Could special bonds fund the green revolution and stabilize the climate?
(02/02/2010) There is no question that governments around the world are moving slowly and sluggishly to combat climate change, especially when placed against the measures recommended by climate scientists. Only a handful of nations have actually cut overall greenhouse gas emissions, and the past couple decades have seen emissions rise rapidly worldwide as nations like India and China industrialize while Brazil and Indonesia continue massive deforestation. Global temperatures are rising in concert (though with natural fluctuations): the past decade is the warmest on record. After the failure of Copenhagen this past December to produce an ambitious and binding treaty, many are wondering if the world will ever address the threat of climate change or if future generations are set to live in a world far different—and more volatile—than the one we currently enjoy.
Photos: park in Ecuador likely contains world’s highest biodiversity, but threatened by oil
(01/19/2010) In the midst of a seesaw political battle to save Yasuni National Park from oil developers, scientists have announced that this park in Ecuador houses more species than anywhere else in South America—and maybe the world. "Yasuní is at the center of a small zone where South America's amphibians, birds, mammals, and vascular plants all reach maximum diversity," Dr. Clinton Jenkins of the University of Maryland said in a press release. "We dubbed this area the 'quadruple richness center.'"
Congo basin rainforest countries
(01/15/2010) Payments for ecosystem services may be a key component in maintaining Central Africa's rainforests as healthy and productive ecosystems, finds a comprehensive assessment of the region's forests.
Forest carbon conservation projects top $100 million
(01/14/2010) The market for carbon credits generated through forest conservation topped $100 million from 2007 through the first half of 2009, despite a global recession and plunging carbon prices in regulated markets, reports a new assessment by Ecosystem Marketplace.
Ecuador to be paid to leave oil in the ground
(12/23/2009) Ecuador will establish a trust fund for receiving payments to leave oil reserves unexploited in Yasuni National Park, one of the world's most biodiverse rainforest reserves, reports the UN Development Programme, the agency that will administer the fund.
Guyana to increase oversight of gold mining under deal to save forests with Norway
(12/21/2009) As apart of a deal with Norway to preserve its rainforests, Guyana will step up oversight of its gold mining industry, which has been accused of causing significant environmental damage including deforestation and mercury and cyanide pollution.
Uninhabited tropical island paradise seeks REDD funding to save it from loggers
(12/17/2009) Tetepare may be one of the last tropical island paradises left on earth. Headhunting and a mysterious illness drove its original inhabitants from the island two hundred years ago, making Tetepare today the largest uninhabited island in the tropical Pacific. The 120 square kilometer island (46 square miles), long untouched by industry or agriculture, is currently threatened by logging interests. However, the island is not without champions: in 2002 descendents of the original inhabitants of Tetepare formed the Tetepare Descendents Association (TDA) to preserve the island. Recently they have teamed up with the Solomon Islands Government and the Solomon Islands Community Conservation Partnership to develop financing through REDD.
More than half world's science academies support call to save rainforests
(12/17/2009) More than half world's science academies have signed a statement supporting a plan to save tropical forests as a means to fight climate change, reports the Global Canopy Program, an initiative that has worked closely with Prince Charles to promote rainforest conservation. The statement argues that tropical forest protection is a critical strategy for reducing greenhouse gas emissions over the next 15-20 years. It calls upon world leaders to reach a consensus on a path forward for a funding package that would support the infrastructure needed to develop an effective reducing emissions from deforestation and degradation (REDD) mechanism.
REDD may miss up to 80 percent of land use change emissions
(12/11/2009) The political definition of 'forest' used in REDD (Reduce Emissions from Deforestation and forest Degradation) threatens to undermine the program's objective to conserve ecosystems for their ability to sequester carbon, according to a new analysis by the Alternatives to Slash and Burn (ASB) Partnership for Tropical Forest Margins. In an analysis of three Indonesian provinces using REDD proposals for carbon accounting, ASB found that REDD may miss up to 80 percent of the actual emissions due to land use change. The carbon accounting problems could be fixed, according to ASB, by expanding REDD's purpose from reducing emissions linked to deforestation (considering the problematic definition of forests) to reducing emission from all land use changes that either release or capture greenhouse gases, including but not limited to forests.
REDD+ could turn deforesters into forest protectors
(12/09/2009) Payments for conservation and sustainable management of forests could turn agents of forest destruction into forest protectors, according to a comprehensive analysis of national policy options to reduce deforestation released in Copenhagen by the Center for International Forestry Research (CIFOR).
Changing drivers of deforestation provide new opportunities for conservation
(12/09/2009) Tropical deforestation claimed roughly 13 million hectares of forest per year during the first half of this decade, about the same rate of loss as the 1990s. But while the overall numbers have remained relatively constant, they mask a transition of great significance: a shift from poverty-driven to industry-driven deforestation and geographic consolidation of where deforestation occurs. These changes have important implications for efforts to protect the world's remaining tropical forests in that environmental lobby groups now have identifiable targets that may be more responsive to pressure on environmental concerns than tens of millions of impoverished rural farmers. In other words, activists have more leverage than ever to impact corporate behavior as it relates to deforestation.
REDD in Madagascar
(12/08/2009) Despite damage from ongoing illegal logging, Madagascar's remaining forests are poised to benefit from the proposed REDD mechanism, a U.N.-backed scheme that would compensate tropical developing countries for reducing emissions from deforestation and degradation, reports a new paper that analyzes efforts to use carbon finance to protect the Indian Ocean island's remaining forests. The research is published in the open-access Madagascar Conservation & Development.
Guyana expedition finds biodiversity trove in area slated for oil and gas development, an interview with Robert Pickles
(11/29/2009) An expedition deep into Guyana's rainforest interior to find the endangered giant river otter—and collect their scat for genetic analysis—uncovered much more than even this endangered charismatic species. "Visiting the Rewa Head felt like we were walking in the footsteps of Wallace and Bates, seeing South America with its natural density of wild animals as it would have appeared 150 years ago," expedition member Robert Pickles said to Mongabay.com.
Deforestation emissions should be shared between producer and consumer, argues study
(11/19/2009) Under the Kyoto Protocol the nation that produces carbon emission takes responsibility for them, but what about when the country is producing carbon-intensive goods for consumer demand beyond its borders? For example while China is now the world's highest carbon emitter, 50 percent of its growth over the last year was due to producing goods for wealthy countries like the EU and the United States which have, in a sense, outsourced their manufacturing emissions to China. A new study in Environmental Research Letters presents a possible model for making certain that both producer and consumer share responsibility for emissions in an area so far neglected by studies of this kind: deforestation and land-use change.
REDD may increase the cost of conservation of non-forest ecosystems
(11/19/2009) Policy-makers designing a climate change mitigation mechanism that will reduce emissions from deforestation and degradation (REDD) aren't doing enough to ensure that the scheme protects biodiversity outside carbon-dense ecosystems, argues an editorial published in Current Biology by a group of scientists.
Hunting across Southeast Asia weakens forests' survival, An interview with Richard Corlett
(11/08/2009) A large flying fox eats a fruit ingesting its seeds. Flying over the tropical forests it eventually deposits the seeds at the base of another tree far from the first. One of these seeds takes root, sprouts, and in thirty years time a new tree waits for another flying fox to spread its speed. In the Southeast Asian tropics an astounding 80 percent of seeds are spread not by wind, but by animals: birds, bats, rodents, even elephants. But in a region where animals of all shapes and sizes are being wiped out by uncontrolled hunting and poaching—what will the forests of the future look like? This is the question that has long occupied Richard Corlett, professor of biological science at the National University of Singapore.
Important safeguards to protect rainforests lacking in REDD negotiating text
(11/06/2009) Important safeguards to protect natural forests are still lacking in negotiating text on REDD, a proposed mechanism for mitigating climate change by paying developing countries to keep trees standing, reports an alliance of activist groups.
REDD in Colombia: using forests to finance conservation and communities in Colombia's Choco, a former war zone
(11/03/2009) Reducing Emissions from Deforestation and Degradation (REDD), a climate change mechanism proposed by the U.N., has been widely lauded for its potential to simultaneously deliver a variety of benefits at multiple scales. But serious questions remain, especially in regard to local communities. Will they benefit from REDD? While much lip-service is paid to community involvement in REDD projects, many developers approach local communities as an afterthought. Priorities lie in measuring the carbon sequestered in a forest area, lining up financing, and making marketing arrangements, rather than working out what local people — the ones who are often cutting down trees — actually need in order to keep forests standing. This sets the stage for conflict, which reduces the likelihood that a project will successfully reduce deforestation for the 15-30 year life of a forest carbon project. Brodie Ferguson, a Stanford University-trained anthropologist whose work has focused on forced displacement of rural communities in conflict regions in Colombia, understands this well. Ferguson is working to establish a REDD project in an unlikely place: Colombia's Chocó, a region of diverse coastal ecosystems with some of the highest levels of endemism in the world that until just a few years ago was the domain of anti-government guerrillas and right-wing death squads.
Will Ecuador's plan to raise money for not drilling oil in the Amazon succeed?
(10/27/2009) Ecuador's Yasuni National Park is full of wealth: it is one of the richest places on earth in terms of biodiversity; it is home to the indigenous Waorani people, as well as several uncontacted tribes; and the park's forest and soil provides a massive carbon sink. However, Yasuni National Park also sits on wealth of a different kind: one billion barrels of oil remain locked under the pristine rainforest.
"Money is not a problem," palm oil CEO tells conservationists during speech defending the industry
(10/26/2009) Earlier this month at a colloquium to implement wildlife corridors for orangutans in the Malaysian state of Sabah, Dr. Yusof Basiron, the CEO of Malaysian Palm Oil Council (MPOC), told conservationists and primate experts that the palm oil industry was ready to fund reforestation efforts in the corridors. "We can raise the money to replant [the corridors] and keep contributing as a subsidy in the replanting process of this corridor for connecting forests," Basiron said in response to a question on how the palm oil industry will contribute. "Money is not a problem. The commitment is already there, the pressure is already very strong for this to be done, so it's just trying to get the thing into motion."
Logged forests support biodiversity after 15 years of rehabilitation, but not if turned into plantations
(10/21/2009) With the world facing global warming and a biodiversity crisis, a new study shows that within 15 years logged forests—considered by many to be 'degraded'—can be managed in order to successfully fight both climate change and extinction.
Business and conservation groups team up to conserve and better manage US's southern forests
(10/15/2009) A new project entitled Carbon Canopy brings together multiple stakeholders—from big business to conservation organizations to private landowners—in order to protect and better manage the United State's southern forests. The program intends to employ the emerging US forest carbon market to pay private forest owners for conservation and restoration efforts while making certain that all forest-use practices subscribes to the standards of the Forest Stewardship Council (FSC).
Group of distinguished ecologists ask Obama to help save rainforests
(09/23/2009) A group of distinguished ecologists have asked President Obama to push for the inclusion of tropical forests in climate policy.
Prince Charles making progress in effort to save rainforests, says leading British environmentalist
(09/22/2009) Prince Charles of Great Britain has emerged as one of the world’s highest-profile promoters of a scheme that could finally put an end to destruction of tropical rainforests. The Prince’s Rainforest Project, launched in 2007, is promoting awareness of the role deforestation plays in climate change—it accounts for nearly a fifth of greenhouse gas emissions. The project also publicizes the multitude of benefits tropical forests provide, including maintenance of rainfall, biodiversity, and sustainable livelihoods for millions of people. But the initiative goes beyond merely raising awareness. Prince Charles is using his considerable influence to bring political and business leaders together to devise and support a plan to provide emergency funding to save rainforests. Tony Juniper, one of Britain’s best-known environmentalists and Special Adviser to the project, spoke about Prince Charles' efforts in an interview with mongabay.com.
Alleviating poverty and saving biodiversity are inherently linked argue scientists
(09/17/2009) Twenty-nine scientists argue in Science today that the world will not be able to lift up the world's poor unless it also addresses global biodiversity loss. They say that the same underlying problems—exploitation of resources, unsustainable overconsumption, climate change, population growth—are exacerbating global poverty and the extinction of species.
Innovative reforestation project threatened by 'regime change' in Madagascar, an interview with Rainer Dolch
(09/16/2009) In Madagascar the TAMS Program (Tetik'asa Mampody Savoka, meaning "the project to bring back the forest") is under threat due to the new government's unwillingness to provide funding. The current government, after gaining power in a coup this year, has frozen all funds slated for the project and has yet to sign a carbon credit agreement with the World Bank which would bring much needed funding. "It remains to be seen if the recognition or not of Madagascar's transitional Government will lead to signing the contract with the World Bank in the near future. This is of course essential for the continuity of the project and its future," Rainer Dolch told Monagaby.com in an interview.
Discovering nature's wonder in order to save it, an interview with Jaboury Ghazoul
(09/08/2009) Sometimes we lose sight of the forest by staring at the trees. When this happens we need something jarring and eloquent to pull us back to view the big picture again. This is what tropical ecologist Jaboury Ghazoul provided during a talk at the Association of Tropical Biology and Conservation (ATBC) meeting this summer in Marburg, Germany. Throwing out a dazzling array of big ideas and even bigger questions—incorporating natural history, biodiversity, morality, philosophy, and art—the enthusiastic Ghazoul left his audience in a state of wonder.
Investing in conservation could save global economy trillions of dollars annually
(09/03/2009) By investing billions in conserving natural areas now, governments could save trillions every year in ecosystem services, such as natural carbon sinks to fight climate change, according to a European report The Economics of Ecosystems and Biodiversity (TEEB).
Mining and biodiversity offsets in Madagascar: Conservation or 'Conservation Opportunities?'
(08/30/2009) Rio Tinto's ilmenite mine in southeastern Madagascar is among the largest on the planet. At peak capacity, its owners say, it could produce as much as 2 million tons of the stuff—worth roughly $100 a ton—each year, to be shipped off and smelted abroad. What's left of it after refining—some 60 percent of the ore that arrives from Madagascar—will be sold for $2000 a ton as titanium dioxide, a pigment used in everything from white paint and tennis court lines to sunscreen and toothpaste. At current levels of demand, the Fort Dauphin mine will provide 9 percent of the world supply over the next 40 years, amounting to more than $60 billion of titanium dioxide. Even that is a conservative estimate: demand for ilmenite has been growing at 3-5 percent annually, with major mines slated to close in coming years and few untapped sources known worldwide.
Ecological restoration substantially boosts biodiversity and ecosystem services
(07/30/2009) A new analysis reports that ecological restoration generally deliver benefits for both conserving biodiversity and supporting human livelihoods, but does not completely reverse degradation caused by humans.
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).
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.
Economic crisis hits conservation but may offer opportunities, says TNC president
(03/03/2009) In 2008 The Nature Conservancy (TNC) surprised the conservation world when it selected Mark Tercek, an investment banker from Goldman Sachs, as its new president and CEO. But for people who have worked with Tercek, the move made strategic sense – Tercek was a leading figure in the Goldman's effort to improve its environmental record. In 2005 Tercek was appointed to head up the firm's Environmental Strategy Group, which develops and implements its environmental policy, and its Center for Environmental Markets, an initiative that examines market-based solutions to environmental challenges. In that role Tercek worked with pioneers in ecosystem services science, including Gretchen Daily of Stanford University; John Holdren, the former director of the Woods Hole Research Center and currently President Obama's chief scientific adviser; and Peter Kareiva, chief scientist at TNC.
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.
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.
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.
Biofuels 200 times more expensive than forest conservation for global warming mitigation
(08/27/2008) The British government should end subsidies for biofuels and instead use the funds to slow destruction of rainforests and tropical peatlands argues a new report issued by a U.K.-based think tank. The study, titled "The Root of the Matter" and published by Policy Exchange, says that "avoided deforestation" would be a more cost-effective way to address climate change, since land use change generates more emissions than the entire global transport sector and offers ancillary benefits including important ecosystem services.
Malaysia's rainforest logging plan may proceed despite risk to water supplies
(08/22/2008) Datuk Seri Azizan Abdul Razak, Chief Minister of the Malaysian state of Kedah, is pushing ahead with a plan to log Ulu Muda forest reserve despite concerns that logging could hurt water supplies and threaten biodiversity.
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.
Adaptation to climate change will be difficult for Madagascar
(07/29/2008) Madagascar's high levels of endemism coupled with its extensive loss and degradation of ecosystems leave its species particularly vulnerable to climate change. A new paper evaluates these risks and sets forth conservation priorities to best maintain the ecological resilience of the island nation.
Rainforest peoples form alliance to demand payments for forest carbon credits
(04/07/2008) Rainforest peoples from 11 nations have formed a coalition to demand a greater say in future climate negotiations.
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.
Is Guyana's logging deal in its best interests?
(02/21/2008) In January Guyana awarded U.S. timber firm Simon & Shock International a 400,000-hectare (988,400-acre) logging concession near the Brazilian border. Final approval hinges on the completion of an environmental impact survey and a tree inventory. While Simon & Shock International says it plans to conduct selective logging, the firm has not announced whether it will seek Forest Stewardship Council certification, a mark for responsibly-harvested timber. Is there an alternative that can improve the lot for the average Guyanese? There may be. Last fall Guyana's President, Bharrat Jagdeo, hinted at the potential of using the country's forests as a giant carbon offset to counter climate change.
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.
Page 1 | Page 2