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Methodology and Standards Watch
Tackling tropical deforestation can put a huge dent in global carbon emissions, but also requires a big pool of money to make forests more valuable alive than dead. Forest projects seeking carbon credits received a boon this week as a major standard provider announced its first benchmark to quantify the climate benefits of tropical forest conservation. Southeast Asia’s carbon-rich peat forests are first on the list.
Policy Update
The winds of change are blowing across the climate change policy landscape. With legislation stalled in the US Senate, attention now shifts to state and regional initiatives. In California, the Global Warming Solutions Act, better known as AB32, establishes a statewide mandate for Greenhouse Gas (GHG) reductions, including participation in a regional cap-and-trade system.
Policy Update
With the fall of the US federal climate bill, eyes are shifting west to California's Air Resources Board (ARB) as it nears the November release of its cap-and-trade regulations under AB32. On Friday, the Board met with stakeholders about inclusion of reduced emission from deforestation and degradation (REDD). And as far as updates on the latest REDD developments are concerned, ARB and its stakeholders delivered the goods.
This article appeared first on the EKO-ECO Blog. View the original here
