The US climate bill now kicking around Congress gives more prominence to reducing emissions from deforestation and forest degradation (REDD) than did any previous US bill. Ecosystem Marketplace digs into the text of the American Power Act and strips away a good chunk of the jargon to help you understand the role of forestry offsets in US climate-mitigation strategy.
The American Power Act of 2010 is out of the shadows, and some provisions make it possible to earn carbon credits for reducing greenhouse gasses by capturing carbon in trees. But that often involves paying for something today that won’t be delivered for decades. How can the insurance industry engage the forest carbon offset asset market so as to deliver an offset asset that is real, measurable and verifiable as well as secured, insured and preferred?
12 May 2010 | The Copenhagen Accord has unleashed millions in financial support for the reduction of greenhouse gas emissions from deforestation and forest degradation (REDD), but it also signaled more waiting before a global reduction agreement is reached. Money spent wisely now could yield a more effective REDD regime once that wait is over – and this new report outlines six ways to make sure it’s done right.
The UN has declared 2010 the International Year of Biodiversity, but the UN’s Convention on Biological Diversity (CBD) remains the poor (and largely forgotten) sibling to the headline-grabbing climate-change convention (UNFCCC). Delegates to CBD talks in Nairobi this week and next are looking at schemes designed to change that, in part by embedding more biodiversity values in the global carbon market.
Forest Trends' Beto Borges describes his experience working with the Suruí tribe in Brazil, and the leadership the Suruí have demonstrated in developing a template for community engagement through forest conservation and carbon projects.
Common sense would seem to dictate that land generating the greatest environmental good should also command the highest price in the ecosystem marketplace, and that one way to do that might be to let people stack different ecosystem values on the same patch of land. In the real world, however, such schemes are proving difficult to construct – as mitigation bankers are learning at this week's National Mitigation & Ecosystem Banking Conference in Austin, Texas.
Cash-strapped governments around the world are experimenting with market-based schemes to preserve nature by recognizing its economic value. In June, Hanoi will host the 17th Katoomba Meeting to explore the role that ecosystem markets can play in Southeast Asia.
Nature is comprised of interlocking ecosystems, but efforts to preserve nature often fail because they focus on isolated pet problems. A project launched by Defenders of Wildlife hopes to fix that by helping tens of thousands of conservation projects identify their unique place in the North American tapestry of conservation.
Industrial logging, tree farming, and clear-cutting have altered some of North America’s most prized forests. Oregon’s Ecotrust aims to reverse that trend by harvesting trees more selectively and using carbon credits to make up for lost income. In the process, they’re testing the limits of new tools that California has developed to keep the system honest.
The Katoomba Group released its quarterly newsletter SinergiA: Servicios Ambientales last week, focused entirely on REDD+ developments in policy, project development, and more. Covering the outlook for REDD+ projects to post-Copenhagen policy, the newsletter is available in English, Spanish, and Portuguese.
State of the Forest Carbon Markets 2009 report
Download the Executive Summary.
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