On 1 July this year NCOS came into effect. [1] It is designed to give Australian businesses, particularly farm businesses, opportunities to develop offset credits for voluntary carbon markets.
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George Soros delivers harsh words for climate change movement
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Forestry Sector Gains Momentum in Voluntary Carbon MarketLast week the first forestry investment was issued credits and in return, voluntary carbon market players could increase demand for carbon credits from the forestry sector.
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Forestry gains momentum in voluntary carbon market
(Reuters) - Voluntary carbon market players could increase demand for carbon credits from the forestry sector after the first forestry investment was issued credits under an industry-backed standard last week.
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Shift2Neutral partners with the Solomon Islands Carbon ProjectShift2Neutral will work closely with the Founder of the Solomon Islands Carbon Project, Mr Charles Stennett Kereau, to begin the key initiatives and drivers of the memorandum of agreement, in the protection of natural land and forest
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Government to boost voluntary dealsForestry Minister Zulkifli Hasan said he saw no promising future for any deal regarding REDD ahead of the upcoming climate talks in Mexico, prompting his office to aim to forge voluntary pacts with rich nations.
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First forestry credits issued under Voluntary Carbon Standard
An "historic milestone" in the forestry carbon market was reached this week as the first carbon credits from a land-use project were verified and issued under the Voluntary Carbon Standard (VCS).
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Special report: Money could grow on trees, depending on carbon price
Giving trees a value is one solution for halting deforestation, but deciding how much a forest is worth is proving challenging, reports Sara Schonhardt
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Carbon Conservation and APP Introduce the World’s First Pulpwood Plantation to Carbon Reserve REDD-Plus InitiativeAKARTA, Indonesia--(BUSINESS WIRE)--Indonesia will become home of the world’s first privately funded project turning pulpwood plantation concessions into a carbon reserve.
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REDD forest offset demand 3-7 years away
(Reuters) - A global market in forest carbon offsets under a U.N.-backed scheme will take three to seven years to develop in part because of the stalled U.S. climate bill, a top Indonesian forest investor said.
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CDM forestry rules need reformThe 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:
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VER market flat, with forestry bright spotsThe voluntary carbon market remains sluggish, hit hard by the global financial crisis and ongoing worldwide recession, but life is flickering in the forest carbon segment.
Voluntary carbon buyers are in the market but taking much longer to carry out their buying programmes knowing they are in a good position to hold out and squeeze prices down, says David Pontis, an emissions broker at Tullet Prebon. Organisations are still offsetting but the market appears to be 70 per cent sellers and 30 per cent buyers currently, Pontis said.
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Study supports carbon price to protect forestsA modelling study on the effects of differing land use policies on forests has found that placing a carbon price on emissions are needed to protect forest cover. The lack of a carbon price on land-use emissions is likely to lead to significant deforestation for the purpose of bio-energy crop production this century, it says.
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World Bank pays $4 for forest CERsAfrica’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.
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Danish embassy starts carbon projectTHE Danish Embassy has signed a five-year agreement with the Uganda Carbon Bureau (UCB) to purchase carbon credits from various projects in Uganda.
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NZ Forestry credits off to JapanA 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.
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Debunking the Myths of a REDD+ MarketA binding deal on the REDD+ scheme to conserve the world’s forests has never been so close. How to finance REDD+ is still under debate, but experts in Cancun have reiterated that a combination of financing mechanisms will be needed to ensure adequate REDD+ funding.
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Forest carbon payments – payments for restoring or planting forest, or for preventing forest degradation or deforestation – can help to prevent and reverse forest loss.
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Global forest carbon offset market is projected to grow ~ 10% per year
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World Bank puts up €68m to avert post-Kyoto carbon market crashThe World Bank has launched a €68m (£57m) pot of funding aimed at enabling carbon-cutting projects to keep selling UN-backed offsets after the first phase of the Kyoto Protocol expires in 2012.
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Event to unveil business opportunities in carbon forestry
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Voluntary Carbon Fills Compliance Void
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Japan offers emission reduction exchange mechanism with RI
Jakarta, Feb 15 (ANTARA) - Japanese entrepreneurs grouped in Keidanren offer to establish a mechanism for emission reduction exchange with Indonesia, Vice President Boediono`s spokesman said here Monday.
"Keidanren offers a carbon emission exhange system with Indonesia, and Japan will provide sophisticated and inexpensive technology," said Yopie Hidayat at the Vice President`s office after accompanying Boediono at the meeting with the head of Keidanren, Hiromasa Yonekura, here Monday.
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ETS 'big opportunity' for farmers
Wanganui hill country farmers have a massive opportunity to use the Emissions Trading Scheme to get a return from their marginal land, Pat Hawinkels says.
"Internationally, the market for carbon is huge and it will just get bigger."
People registering their forests in the Emissions Trading Scheme get money for growing trees, which store carbon.
Registering for the scheme was only complex the first time, he said, and for some the money would keep a marginal farm viable.
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UK to devise standalone carbon permit system
London – The UK said it will opt out of a common European Union platform for auctioning carbon permits in the next phase of the bloc's emissions-trading programme, which starts in 2013, and will develop a national system instead.
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More Than 20 Years of Forest Carbon Yield Plenty of Lessons for Investors
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Australia can meet carbon targets by land offsets: report
A new report on Thursday said Australia can meet its carbon emissions target by doing nothing more than claiming offsets from re-vegetation of cleared land, regional forest agreements and ending logging of native forests.
Australia has set its target of a 5 percent cut in carbon emissions by 2020, and the study said the federal government has deliberately underestimated these land offsets to justify a weak target in international negotiations.
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Farmers scratch surface on carbon
'This could really take off,'' said Ross Garnaut this week, releasing his latest update paper on Transforming Rural Land Use. ''This could be seriously big.''
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Govt: `Forest investors` grabbing villagers` land
The government yesterday expressed concern over the increasing wave of investors illegally buying large chunks of land from villagers for forest farming and management, apparently to engage in carbon trade.
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IETA Launches Publication Series and Two New Papers on REDD+
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Kenyans Soft-Launch New Carbon Exchange
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ERA Announces Signing of a 17.5 Million Tonne Carbon Offset Agreement With the Democratic Republic of Congo
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Revealed: scandal of carbon credit firm A SYDNEY carbon credits company thought to have been running some of the world's biggest offsets deals appears to be a fake, shifting paper certificates instead of saving forests and cutting greenhouse emissions.
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First Tasmanian Projects Validated
Redd Forests, the Australian based carbon project developer, has achieved validation of its Tasmanian Improved Forestry Management projects, the first such projects in the world.
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EU plans to link emissions trading scheme with California
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The Climate Standoff Simplified
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Counting up the carbon capturedRedd Forests, a little company 20 per cent-owned by the Kathmandu founder Jan Cameron, is proving that threatened native forest in Tasmania can have more value standing than if it was logged, by generating carbon credits from it.
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Swiss water firm taps Kenya’s carbon market
A Swiss water treatment firm is seeking a piece of Kenya’s carbon market through distribution of water purifiers to reduce the use of firewood and kerosene for water treatment in western Kenya.
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East Asia Minerals announces acquisition of 50% of Carbon Conservation Pty Ltd.
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United Nations rallies private sector for forestry protection investmentMerrill Lynch chief says REDD scheme investors face risks equivalent to "emerging markets squared"
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Forests May Spur Financial Rewards, Curb Climate Change, UN Says
The world’s forests may spur financial rewards and risk management opportunities as a way to curb climate change, according to the United Nations.
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World Bank eyes new post-2012 CDM facility - Point Carbon
(Published by Thomson Reuters Point Carbon)
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Kenyan firms to tap new IFC carbon fund
Kenyan companies investing in carbon trading projects are set to benefit from a new fund set up by IFC to cover a financing gap arising from the European Union’s decision to stop buying carbon credits from developing countries beginning next year.
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New Ruling Puts California’s Cap and Trade on Permanent Hold
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Carbon offset provider Carbonica in partnership with REDDMontt Forestry in Chile
UK-based carbon trading and carbon offset company Carbonica will generate VCS REDD and reforestation carbon credits in Chile
FOR IMMEDIATE RELEASE
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State of the Voluntary Carbon Markets 2011
For five years, Forest Trends’ Ecosystem Marketplace and Bloomberg New Energy Finance have published the State of the Voluntary Carbon Markets Reports to shed light on trading volumes, credit prices, project types, locations, and the motivations of buyers in this market. Every year’s marketplace seems more complex than the one before, as actors continually refine their programs, businesses, and investments in search of a more perfect future – for their projects and the planet.
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Voluntary carbon market climbs on trees
The voluntary carbon market climbed to record volumes of emissions reductions last year, bouncing back from worldwide recession on the back of corporate social responsibility demand and the rise of forest-based offset supply. This picture emerges from the State and Trends of the Voluntary Carbon Markets 2010, published this week by Ecosystem Marketplace and Bloomberg New Energy Finance.
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Carbon investors turn to forestry
At an Environmental Finance conference this month, financers signalled strong interest to invest in forest carbon projects. Given that imminent investment is needed, how close are we to a framework that propels financers to back forestry?
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World Bank warns of 'failing' international carbon market
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Growth in Global Carbon Market Pauses Amid Uncertainty
World Bank Releases 2011 "State and Trends of the Carbon Market" Report
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Forestry Key to Africa’s Carbon Permit Market, Envirotrade Says
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World Bank Prototype Carbon Fund Syndicate Agreement Extended Through 2023
The World Bank’s Prototype Carbon Fund extended an agreement until as late as 2023 to help govern the syndicate including six governments and 16 companies.
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World Bank Blamed for Fuelling Climate Chaos
BONN (IDN) - Reflecting profound concerns of developing countries, a new report has strongly criticised the World Bank group for promoting false solutions to climate change, such as carbon trading, megadams, agrofuels and industrial monoculture tree plantations.
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North America's largest forest carbon project launches, sells $4-million in credits
The Nature Conservancy of Canada is receiving more than $4-million in what it says is the largest forest carbon project to date in North America and the first deal of its kind in Canada.
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Philippine forest project gets carbon credits
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Bolivia Criticizes Market Mechanisms in the Cancún Agreement and REDD
Bonn, Germany – On Monday, a two-week long round of UN climate negotiations, lasting from June 6 to June 17, 2011, kicked off in Bonn, Germany. The talks will prepare for the way for the COP 17, which takes place November 28, 2011 to December 9, 2011 in Durban, South Africa.
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Deforestation Credits Achieving Premium Prices, CF Partners Says
Carbon credits from projects to halt deforestation can achieve “premium prices” compared with other types of voluntary offsets as demand is set to quadruple in the next three years, according to CF Partners.
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A PROPOSAL to keep Tasmania's native forests standing in exchange for billions in carbon credits has been rejected by the State Government, Liberal Opposition and Forestry Tasmania.
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Ahead of meeting, Forest Stewardship Council (FSC) loses another supporter
The forest organization, FERN, has pulled its support from the Forest Stewardship Council (FSC), reports FSC-Watch. FERN has quit the increasingly troubled organization due to FSC pursuing carbon credits through forestry. The FSC loses FERN just weeks before its 6th General Assembly, in which FSC partners—including private corporations and some environmental groups—will meet to debate current practices.
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Macquarie, IFC agree forest carbon investment fund(Reuters) - Australia's Macquarie Group , World Bank member the International Finance Corp and a forest management firm said on Thursday they had raised $25 million for forest carbon projects in poorer nations.
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World Bank: Registering UN forestry projects is too complexThe World Bank has warned that the complicated processes that afforestation and reforestation projects have to adhere to in order to qualify for the UN's planned forest-based carbon trading system could stifle growth for the embryonic sector.
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First Growth Commences Carbon Projects in West Papua Indonesia Breaking News www.theindonesiatoday.comTheindonesiatoday.com - First Growth Funds Limited group reports its joint venture with Greencollar Group (GCS), First Growth Forests (FGFJV), has commenced the world’s first program to develop forestry carbon projects for the whole of a province in West Papua.
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Workshop to determine land eligibility for project development under Clean Development Mechanism (CDM) of UNFCCC and Voluntary Carbon Standards (VCS)The workshop to determine land eligibility for project development under Clean Development Mechanism (CDM) of UNFCCC and Voluntary Carbon Standards (VCS) will be held at the Park Hotel, Visakhapatnam, Andhra Pradesh, India on August 11, 2011.
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Concern Over Stalled Forest Carbon ProjectNearly a year after an agreement involving the Federal Government and a duo of environmental management firms was finalised, fears are being expressed over the prospects of the accord, which appears to be mired.
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Rubber tree should not only be for latex but for carbon trading too!Precise decision-making, safety and comfort are essential terms in modern day life and those would greatly be contributed by natural rubber. It decides the birth, provides a shield against deadly diseases and also joy in the life.
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Peru's jungle city of Iquitos - first established on the myth of a land of lost gold and once a mecca for 19th century rubber barons - has long been frequented by profiteers.
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Apex launch The Africasia FundsThe Funds will invest in agricultural, renewable energy plantations and forestry businesses, with a fundamental principal of owning the core assets through the funds with the management of all operations carried out by established operators in the region.
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Carbon credit firm collapses amid tax debate A company that specialises in forestry carbon credit projects in Asia, the Pacific Islands and Australia has collapsed.
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Kibale National Park rehabilitation projectLocated in southwest Uganda, the Kibale National Park (KNP) is one of the last remaining tropical forest blocks in the country. It harbours the greatest variety and concentration of primates found anywhere in East Africa and is home to at least 350 tree species. Despite the park’s ecological value, deforestation and historic consumptive use of the park have contributed to significant deterioration of KNP’s forest and its biodiversity over the past 30 years.
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Hypothetical offsets may not really be there
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The Anatomy of the CER Price Melt DownSome 6 weeks ago the price of a CER (certified emission reduction created from reducing greenhouse gas emissions in developing countries using the CDM or clean development mechanism of the kyoto protocol) was 13 Euro and the emissions markets were looking healthy.
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UK announces certification standard for forest carbon storage projects The UK government has announced new scheme to assess the carbon captured and stored by forest projects initiated for carbon sequestration.
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A Slow Start for the for Carbon Credit MarketWASHINGTON — As U.N. talks keep failing to agree how to raise money to protect forests, private investors are testing a trade in credits to slow the deforestation that emits as much carbon as all the world’s cars, ships, trucks and planes.
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Women Grow Carbon Money on TreesKATHMANDU, Jul 4, 2011 (IPS) - When Bina Tamang was told that she could earn money by not felling trees in the tiny forest that serves as the source of fuel and fodder for 65 families in her area, the 27-year-old was incredulous.
That was two years ago. In June, when Tamang was informed that she and over 100 other groups like hers, that have been sharing forests as community property, had been awarded cash incentives worth 95,000 US dollars disbelief gave way to joy.
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The Omens of Offsetting Linger on REDDAs the number of public sector financial mechanisms targeting REDD+ has increased, and consequently the volume of money flowing in to REDD+, observers are increasingly pointing out that the public sector alone cannot supply the huge sums
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FSA warning over carbon credit trading schemes
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International Forest Carbon Association (IFCA)Carbon Positive is involved with a number of participants in the forest carbon sector to establish a representative organisation, the International Forest Carbon Association (IFCA).
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UN registers Himachal's carbon trading schemeNew Delhi: Himachal Pradesh's efforts in fighting climate change have been rewarded with the UN registering its multi-crore carbon trading scheme that involves providing green cover to barren 4,000 hectares in the state.
Under this scheme, over 5000 families from remote and backward villages will receive carbon revenue for the next 20 years from the World Bank for providing green cover to several areas in across 10 districts which were declared deforested before 1990.
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New Investments Portal Raises Carbon Credits Alert to Code
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Japan favours REDD in latest offset funding awardsFour of the five offset pilot projects selected to receive Japanese government funding on Tuesday aim to curb deforestation (REDD) abroad, according to an official statement.
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CM KPK approves lease of land for forestation purposesPESHAWAR: Chief Minister Khyber Pakhtunkhwa (KPK), Ameer Haider Khan Hoti has approved the leasing out of land for project for reducing emissions from deforestation and degradation of forests (REDD) in Khyber Pakhtunkhwa.
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Carbon Development AssociateWildlife Works Carbon LLC (WWC) is an innovative start‐up company headquartered in San Francisco, CA, USA that engages with the global carbon market to enhance conservation in tropical countries.
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‘Silly Fool’ Sells NZU at $20, buys back CER at $13.50 and pockets $65,000Back in March 2011 a Carbon Monitor reader wrote to us with the quandary of what to do with his post 1989 NZU units (those with a surrender liability for loss or harvest) suggesting if he took the funds, invested in real estate then he would be ahead even with a future liability.
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Wildlife Works Launches New Facebook Store to Market Carbon Offsets and Casual ApparelWildlife Works announced today the launch of a new retail model that uses the power of Facebook to enable consumers to offset their travel, home and personal lifestyle events that contribute to global warming.
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Workshop to determine land eligibility for CDM and VCS project development in IndiaAfforestation and Reforestation (AR) projects under the Clean Development Mechanism (CDM) have faced various challenges, one of the key ones being the issue of ‘land eligibility’.
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Effectiveness and legitimacy of forest carbon standards in the OTC voluntary carbon marketIn recent years, the voluntary over-the-counter (OTC) carbon market has reached a significant market volume.
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Devil in detail of carbon farming planLABOR'S carbon farming initiative (CFI) has passed in the Senate but agricultural groups remain sceptical of its worth until details are made available.
Under the scheme, graziers could sell carbon credits on to businesses to offset emissions.
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Is Forest Carbon Just Another Commodity?As already discussed on Climatico, using REDD+ as a private sector offsetting mechanism runs the risk of creating perverse incentives, exposing la
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Australia passes national carbon trading scheme for agriculture, forestry
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Kigoma to Earn On Forest ConservationCOMMUNITIES in seven villages of Kigoma Rural district will early next year start earning money for protecting Masito-Ugalla forest reserve, which climate change scientists say is helping in the absorption of carbon dioxide and controlling global warming.
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First VCS forest project in Sabah, Borneo registeredFirst tropical Improved Forest Management project, enabling revenue generation from forest rehabilitation.
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Colgate enters into agreement to offset carbon emissions
HAMILTON —
As part of its aggressive push to reduce greenhouse gas emissions and advance sustainability, Colgate has signed a 15-year commitment with Patagonia Sur to purchase forestry-based carbon offsets. Under the agreement, a total of 225,000 native-species trees will be planted on 430 acres of land in Chile’s Aysén Region of Patagonia.
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The REDD Market Should Not End Up a Subprime House of Cards: Introducing a New REDD Architecture for Environmental Integrity
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Rimba Raya debacle casts pall over Indonesian REDDThe world has eagerly watched as Indonesia pilots public and private investments to curb the country’s massive forest losses while still meeting economic development goals. But conflicting interests between the nation’s leadership turned ugly last month when a leading forest conservation project
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World Bank won't give up on carbon markets
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Congo businessman blazes carbon-market trail for AfricaIBI, Democratic Republic of Congo (AlertNet) - A Congolese businessman has become the first private investor in Africa to win approval to sell carbon credits earned from restoring tropical rainforest on the Kyoto Protocol’s carbon market.
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The Emerging Market for Forest and Land-Use CarbonThis report was prepared by Terra Global Investment Management, LLC the investment manager of the Terra Bella Forest and Land-Use Carbon Fund, a Luxembourg SIF-SICAV currently in structuring and capital raising.
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Forest carbon markets grow, despite uncertaintyA surge in activity around projects that reduce emissions from deforestation and forest degradation (REDD) has helped boost the value of the forest carbon markets – despite lingering uncertainty about their future, according to a survey.
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Japan earmarks P5-B forestland loanThe Japanese government has earmarked the appropriation of an estimated Y9.244 billion, or approximately P5.084 billion, to strengthen forestland management in the Philippines.
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