A major Japanese bank has come back for a second helping of New Zealand forestry credits. The deal, finalised last week, is being seen as a positive step in the developing international market for New Zealand’s forestry credits.
Africa’s first significant CDM forest carbon project has attracted a price of $US4 per tonne in temporary CER (tCER) carbon credits, according to a media report. The World Bank will buy the credits for half the carbon stored up to 2017 from an Ethiopian forestry project, the Humbo Assisted Natural Regeneration Project.
MISSOULA, Mont. - U.S. forests offset roughly 11 percent of the nation's industrial greenhouse gas emissions, storing "significant amounts" of carbon that would otherwise pollute the atmosphere, according to new government data.
A large fall in greenhouse gas emissions brought about by a reduction of industrial activity led by the economic crisis has put the EU on a fast track to meet its Kyoto commitments, but Austria, Denmark and Italy are falling behind, according to new figures.
The CDM’s forest carbon rules surrounding eligibility of both land and activity type need to be reformed if the forest sector is going to make its contribution to the climate change mitigation effort, argues Dr Promode Kant of India’s Institute of Green Economy: