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News articles on ecosystem services payments
Mongabay.com news articles on ecosystem services payments in blog format. Updated regularly.
(05/30/2013) The market for carbon credits generated from projects that reduce deforestation and forest degradation — a climate change mitigation approach known as REDD+ — dipped eight percent in 2012 according to an annual assessment of the global voluntary carbon market.
Progress in incentive-based protection of forests and other watersheds
(03/29/2013) There are two ways to look at Charting New Waters: State of Watershed Payments 2012 - the latest report released by Forest Trends on incentive-based water protection. One is that investments in watershed protection are fast approaching a tipping point - rising 25% from the previous year and with 25% of all recorded investments occurring within last two years. The other is that investments in watershed protection have a long ways to go before they are more than a scant drop in the bucket in terms of world GDP, prevalent outside of China, or independent of government/non-profit aid. The truth lies somewhere in between.
The need to jump-start REDD to save forests
(03/08/2013) At least US$7.3 billion has been pledged for REDD+ over the period from 2008 to 2015, with $4.3 billion pledged for REDD+ readiness during the fast-start period alone (2010-2012). In addition to these funds, private investors, private foundations, and others have been channeling financial support to developing countries for REDD+ and related programs for several years now.
Over $8 billion invested in watersheds in 2011
(01/28/2013) Unlike cars, hamburgers, and computers, clean drinking water is a requirement for human survival. In a bid to safeguard this essential resource, more and more nations are moving toward protecting ecosystems, such as forests, wetlands, and streams. In fact, according to a new report by Forest Trends' Ecosystem Marketplace, nations spent $8.17 billion in 2011 to secure freshwater by conserving watersheds.
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.
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.
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.
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.
Obama's State of the Union salmon joke highlights complexity of coastal ecosystem services
(01/29/2011) U.S. President Barack Obama told his now-famous salmon joke on Tuesday to illustrate the silliness of unnecessarily complex regulation, but the joke says more about the complexity of coastal ecosystems – and the challenge of keeping them intact in the face of growing development – than it does about regulatory dysfunction. It's a challenge that must – and can – be met by getting the private sector involved in protecting the nature along our coasts.
Jackpot: how international community could raise $141 billion for biodiversity
(10/20/2010) Leaders from around the world meeting in Nahoya, Japan for the Convention on Biological Diversity (CBD) to discuss solutions to stem the current mass extinction crisis may be in need of a little book: The Little Biodiversity Finance Book. While a recent report by The Economics of Ecosystems and Biodiversity (TEEB) found that degradation of ecosystems—including biodiversity loss—was costing the global economy $2-5 trillion annually, one of the primary threats to wildlife around the world is simply a lack of funds to enact program. But The Little Biodiversity Finance Book says that with the right policy initiatives the burgeoning ecosystem market could be worth $141 billion by 2020.
Conserving nature with economics
(09/29/2010) While many factors come into consideration when the fate of forests are being determined, economics often play a key role in land use decisions. When the perceived value of forest land is higher as cattle pasture, cropland, or plantation, then trees fall. But what happens when economic assumptions underlying these decisions are wrong? Forests, including the services they provide and the biodiversity they shelter, are lost in vain, much to the detriment of society and the planet. Working to avoid these costly outcomes is the Conservation Strategy Fund (CSF), a California-based nonprofit that trains conservationists to use economics and strategic thinking as assets to conserve natural ecosystems in countries around the globe. CSF runs training programs that help emerging conservation leaders build and strengthen parks, influence policies, and avert damage from infrastructure projects.
$28 billion pledged by rich nations to fight climate change
(08/24/2010) $27.9 billion in "fast-start" funding has so far been pledged by industrialized countries to help developing countries mitigate and adapt to climate change, according to a new climate finance tracking tool released by the World Resources Institute (WRI). The tool aims to create transparency around climate change funds to ensure that rich countries follow through on their commitments and that the money is not wasted or "lost."
Indonesia gets first $30M from Norway under $1B forest deal
(08/19/2010) Norway has agreed to transfer an initial $30 million to Indonesia under its $1 billion REDD+ (reducing emissions from deforestation and forest degradation) partnership with the Southeast Asian country.
Indonesia's plan to save its rainforests
(06/14/2010) Late last year Indonesia made global headlines with a bold pledge to reduce deforestation, which claimed nearly 28 million hectares (108,000 square miles) of forest between 1990 and 2005 and is the source of about 80 percent of the country's greenhouse gas emissions. President Susilo Bambang Yudhoyono said Indonesia would voluntarily cut emissions 26 percent — and up to 41 percent with sufficient international support — from a projected baseline by 2020. Last month, Indonesia began to finally detail its plan, which includes a two-year moratorium on new forestry concession on rainforest lands and peat swamps and will be supported over the next five years by a one billion dollar contribution by Norway, under the Scandinavian nation's International Climate and Forests Initiative. In an interview with mongabay.com, Agus Purnomo and Yani Saloh of Indonesia's National Climate Change Council to the President discussed the new forest program and Norway's billion dollar commitment.
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.
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.
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.
Countries that invest in conservation will see higher financial returns, argues report
(11/13/2009) A new report issued by the The Economics of Ecosystems and Biodiversity (TEEB) initiative makes a strong case for valuing the planet's ecosystem services. The report calls for investments in "ecological infrastructure" to protect wildlands and the services they provide; market-based valuation of ecosystem services; reductions in environmentally harmful subsidies; recognition of the link between environmental degradation and poverty; and a strong climate deal that includes forest carbon.
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.