The forest carbon market is now two decades old but the bulk of its 20-million-tonne contribution to carbon sequestration and emissions reduction has come in the last three years - despite the global financial crisis and recession. This picture emerges from the ‘State of the Forest Carbon Markets’ report released by Ecosystem Marketplace (ESM) this week. Its landmark report appears the best attempt yet at a comprehensive estimate of the volumes and value in the forest carbon sector worldwide.
Guyana government has sought the immediate removal of Bulkan from the World Bank's TAP
The Guyana government has expressed its concerns to the World Bank Forest Carbon Partnership Facility about a Suriname map that includes part of Guyanas sovereign territory and has deemed it an “ unprovoked insult.” The map was part of a presentation at a forum of the World Bank [probably the Participants Committee of the World Bank’s Forest Carbon Partnership Facility, 26-28 October 2010, agenda item PC4].
LONDON (Reuters) - The global market for carbon offsets from planting trees and preserving forests, worth nearly $150 million to date, could stall without a U.S. climate bill or a successor pact to the Kyoto Protocol, a report said on Thursday.
The agreement achieved at the Copenhagen climate summit leaves business leaders around the world close to where they began, facing uncertainty about how environmental policy will affect their costs and decisions about investments.