The amount of Shari’ah-compliant assets grew by nearly 30% over the past year, but no one really knows how much of that has gone to green sustainability investments. Ecosystem Marketplace examines the role that Islamic finance could provide in supplying payments for ecosystems services.
Speakers and panelists at the launch presentation of the recently released report, State of Biodiversity Markets: Offset and Compensation Programs Worldwide, all converged on the idea that there is a common thread among carbon, water and biodiversity markets. The thread that can spur growth in these nascent environmental markets includes the interplay between regulatory and voluntary action, a policy driven infrastructure which starts with standards, scientific knowledge and information transparency and dissemination. Stream away to listen to a podcast of the opening remarks and presentation of the report and click here for the presentation slides:
Nigerian businessman, politician, and activist Odigha Odigha has managed to slow deforestation in his native Cross River State by taking on loggers and lobbying for the creation of a state forestry board. Now he’s a leading proponent of using carbon finance to help preserve what’s left of the country’s once vast rainforest.
Reflections and lessons learned by the REDD+ facilitator at the Copenhagen Climate Change Conference.
For the full paper, click here.
With over 20 years of experience in the forestry sector, Michael Northrup, Program Director of Sustainable Development at the Rockefeller Brothers Fund, was invited by the Pinchot Institute for Conservation to give a Distinguished Lecture, "After Copenhagen: Implications for U.S. Climate, Energy, and Forest Policy" at the high brow, exclusive Cosmos Club. Northrup gives his take on how to get REDD across the finish line after two decades of forest policy. Maria Bendana posted this summary to the Eko-Eco blog.
Cash-strapped governments around the world are turning to market-based schemes that preserve endangered species by incorporating the cost of habitat destruction into the cost of development, according to a new report compiled by Ecosystem Marketplace. Unfortunately, most schemes lack the transparency needed to send the kind of price signals necessary to create an incentive to conserve.
Carbon investors over the past two years have assumed the agency leading the development of California’s cap-and-trade rules would recognize certain offsets generated under the state’s voluntary scheme once reductions become mandatory, and more than 200 projects have enrolled under those protocols. Now, however, the state says it approved them in haste, and the status of all projects is up for review.
2009 was a rough year across the board, but EM’s State of the Forest Carbon Markets showed that companies that rescue and restore forests to earn money by capturing carbon in trees likely expanded their operations despite the gloom. In response to reader demand, we’ve distilled the critical numbers from that report into a few hundred words (and digits).
Six years after the worst fire in California’s recorded history, the state is trying out carbon financing to help restore one of its struggling forests. The project raises – and perhaps answers – several serious questions about enrolling public lands in offset programs, but the elephant in the room – US federal land – continues to loom largely unaddressed.
Last week, German energy provider HEAG Südhessische Energie AG took a 30% stake in Canadian project developer ERA Carbon Offsets via the German company’s Forest Carbon Group AG subsidiary. One reason: growing demand for forestry offsets among German voluntary buyers, who have traditionally been leery of non-industrial offsets.
State of the Forest Carbon Markets 2009 report
Download the Executive Summary.
Download the Full Report







