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'Offsetting' Campaign To Save Forests To Be Announced At Rio+20

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Publication Date: 
June 13, 2012
Author: 
AMRUTHA GAYATHRI
News Source: 
ibtimes.com
Five major corporations will join the emergency campaign to save the world's threatened forests by pledging to buy REDD multimillion dollar credits from projects protecting threatened forests around the world, the campaign announced Tuesday at the U.N. Conference on Sustainable Development, commonly known as Rio+20.
 

REDD credits, sold in carbon markets, are "offsets" because they allow the purchaser, say, a coal company, an electric power plant, or a cement manufacturer in an industrialized nation to emit more tons of CO2 than they would otherwise have permitted. 
 

Read the full story from ibtimes.com here

More news coverage on this topic
"PPR, Allianz, Nedbank to make ‘multi-million’ pledges to buy forest carbon" (June 14, 2012) -- Environmental Finance.

 

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