While steaming ahead with new carbon market initiatives, the World Bank attracted further criticism and suffered potential setbacks on agriculture and on the Green Climate Fund (GCF) at the UN climate negotiations in Durban.
The 17th session of the Conference of the Parties to the UNFCCC (CP17) and 7th session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP7) held in Durban, South Africa, from 28th November to 11th December 2011 each produced landmark decisions.
Dar es Salaam. Funding for a carbon trading system known as Reducing Emissions from Deforestation and Forest Degradation (REDD) has been suspended until further negotiations between poor countries and powerful industrial nations.
“REDD-plus” decision further shapes actions on forests
The recently concluded Durban climate conference adopted two decisions on policy approaches and positive incentives that reduce emissions from deforestation and forest degradation in developing countries; and the role of conservation, sustainable management of forests, and enhancement of forest c
Reduced Emissions from Deforestation Opening Window for Green Economy Transition
Countries across the developing world are engaging with developed country governments and the private sector to simultaneously reduce emissions from forests and fast track transitions to a low carbon, resource efficient Green Economy.
REDD+ draft texts postpone financing decision to 2012, water down safeguards
Latest draft texts on REDD+ that will go forward to a plenary session for approval have postponed a decision on financing to next year and watered down safeguards requirements, leaving REDD+ projects in limbo and indigenous groups unprotected.