State of Forest Carbon Markets 2011 This second annual State of the Forest Carbon Markets tracks, reports, and analyzes trends in global transac
|
Carbon markets look to the Amazon for offsets
|
Allianz takes 10% stake in REDD developerGerman insurance giant Allianz has invested an undisclosed sum in Wildlife Works Carbon, a US-based developer of projects that reduce emissions from deforestation and forest degradation (REDD).
|
Ecuador: Threats From Carbon Market Ecuador’s participation in the global carbon market has generated complications in indigenous peoples and Afro-Ecuadorian communities, which have not only seen cutbacks in their rights to use land for ancestral activities, but whose organizations have also undergone fracturing due to the governme
|
Japan approves 4 forestry CDM projects(1)
Host country: Nicaragua
Project Name: South CDM reforestation project in Nicaragua
Activities Summary: reforestation of native species to the former pasture has declined by over-harvesting (area: 813ha)
|
Japan selects new batch of bilateral offset projectsJapan’s Environment Ministry said on Thursday that it has adopted 29 carbon projects under a bilateral offset mechanism, as part of nation’s efforts to achieve its climate goal to cut emissions.
The projects were selected from among 77 proposals made between April 28 and May 26 and cover such areas as waste management, transport, energy savings and avoided deforestation and degradation, the ministry said in a statement.
|
Carbon offset projects ‘having positive impact’ The carbon offset projects being undertaken in Tanzania by a Norwegian company, Green Resources ASA (GRAS), have begun to make remarkable progress in addressing the challenge of climate change and contributing significantly to national poverty alleviation efforts.
|
Carbon rights in REDD+: Exploring the implications for poor and vulnerable peopleOne of the key questions that has arisen in the context of the REDD+ debate surrounds which actors have the right to exploit the benefits of GHG emissions reductions and removals in REDD+, and the associated rights to international payments.
|
Japan – The rising sun for carbon marketsJapan has exemplary carbon credentials. It is amongst the most energy and carbon efficient economies in the world, and one of its most beautiful cities gave its name to the UN’s Kyoto Protocol.
|
Terra Global Secures Investment Capital for REDD and Land-Use Carbon FundSAN FRANCISCO, Nov 03, 2011 (BUSINESS WIRE) -- Terra Global Investment Management secures approval for up to $40 million of financing for the world's first globally diverse community-based REDD and land-use carbon fund.
|
OPIC Signs First Insurance Contract for REDD Carbon Reduction ProjectThe Overseas Private Investment Corporation (OPIC) has executed the first political risk insurance contract for a Reduced Emissions from Deforestation and Degradation (REDD) project that will protect 64,318 hectares of forest in Cambodia and sequester approximately 8.7 million metric tons of CO2e
|
Mixed forestry reaction to National promises
National Party promises to adopt some of the recommendations made by the panel that reviewed the Emissions Trading Scheme (ETS) have been welcomed by forest owners. But they say much more policy work is needed if forestry is to achieve its potential for New Zealand.
|
Reality check: Six questions about carbon offsetsAs more and more airlines, travel-related companies and websites offer carbon offsets to neutralize the impact of our day-to-day activities on the climate, people are faced with the seemingly daunting task of figuring out what offset projects are doing the most to reduce greenhouse gas (GHG) emis
|
Kenya’s emerging carbon trade to benefit from new regulations
Finance minister Uhuru Kenyatta’s 2009/2010 Budget mentioned that Kenya would establish a carbon trading exchange.
|
Peugeot and the ONF announce the launch of the sale of carbon creditsOutside the XII Scientific and Technical Council of the Peugeot carbon sink forest and ONF (French Agency for Forest) has been developed at the University of Brasilia from 2 to 4 November and has brought together dozens of political, scientific and academic Brazilian and French, Peugeot and ONF a
|
|
|
Carbon market financing biggest factor to determine REDD+ success, says expert The decision to finance Reducing Emissions from Deforestation and forest Degradation, or REDD+, through the carbon market is the biggest factor that will determine the success of the global scheme that aims to slow the rate of climate change, said an expert.
|
Vitol to buy 7 million CERs worth €45 million from Burundi's first PoAVITOL, the world's leading energy trading firm has signed a landmark agreement to forward-purchase 7 million CERs to be generated from the first-ever CDM project and Program of Activity in Burundi.
|
Prospect of gaining carbon credit fires private sector investment – IIED reportThe prospect of gaining carbon credits by acquiring land to implement reduced emissions from deforestation and forest degradation REDD+ has caught the eye of the private sector.
|
Beyond repair? Bank lobbies for carbon markets
As UN climate talks loom, the Bank is lobbying G20 countries to resuscitate shrinking carbon markets through controversial measures, including using public climate finance to stimulate demand and creating markets for soil and forest carbon.
|
Meru and Nanyuki - building a sustainable future with carbon financeRecently I travelled to the foothills of Mount Kenya to visit the Meru and Nanyuki Community Reforestation Project, so I and a client could meet the communities benefitting from carbon finance and project developer TIST and see the project first hand.
|
Special Report: Post-Kyoto Uncertainty Hits Home for European OffsetsVoluntary carbon credits were created to reduce CO2 in countries without existing carbon “caps." But European corporates also like them, looking to invest in local projects that are not always kosher under Kyoto.
|
Carbon offset firms feel heat of price crashShares in firms set up to profit from efforts to curb pollution traded near all-time lows on Tuesday as the collapse of the carbon emissions market they depend on raised concerns about their future.
|
Peruvian Amazon could become global centre of ‘carbon piracy’: reportThe Peruvian Amazon is the new global centre of “carbon piracy”, as banks, conservationists and entrepreneurs rush to snap up the legal rights to trade carbon, according to a report published today at the UN climate talks in Durban.
|
Forest Bonds: Realizing a Net Zero Deforestation, Forest-Friendly EconomyHeating and cooling, timber, water, food, habitat, energy, massive storehouses of carbon – forests provide an incredible amount of direct and indirect ecosystem services to humans, along with all other forms of life on earth. That’s especially true of tropical forests.
|
Japan aims to start bilateral carbon offset program in 2013Japan aims to start a program to work with companies to reduce greenhouse gas emissions in developing countries in 2013, according to a new set of action plans to be introduced at the climate talks in Durban, South Africa.
|
Carbon Plantations in Mozambique: Livelihoods, Development, and Local LegitimacyThe Norwegian forestry company Green Resources (GR) is one of several commercial actors that have started planting forests in Africa, aiming to reduce global CO2 emissions and join the international emissions trade market.
|
VERs: the preferred carbon offset instrument for communicating voluntary actionOver the years, a number of our clients that first used compliance-grade offsets, namely Certified Emission Reductions (CERs), as part of their carbon management strategies have switched to voluntary offsets, or Verified Emission Reductions (VERs).
|
CERs crash 8.8 percent, hit record lowUN-backed carbon offsets plunged to an all-time low Tuesday on the back of continued fears of over-supply in the market, albeit in thin trade.
|
EU carbon plunges 10 percent to record low of 6.30 euros(Reuters) - EU carbon prices fell to their lowest ever level on Wednesday as the euro currency and equities slid on renewed fears over the bloc's debt crisis and oil prices tanked after producers promised to maintain high output.
|
ERA Surpasses 2 Million Tonnes in Carbon Offset SalesERA Carbon Offsets Ltd. is pleased to announce that the company has achieved a new sales milestone, having sold more than 2 million tonnes of forest based carbon offsets to customers and clients around the world.
|
Project Developer’s Guidebook to VCS REDD MethodologiesThe purpose of this guidebook is to assist project developers in evaluating and selecting those VCS approved methodology(ies) that are best suited to account for the greenhouse gas benefits of their proposed REDD project activities.
|
SocGen cuts carbon price forecasts by over 22 pctociete Generale on Tuesday lowered its price forecasts for European Union and U.N.-backed carbon, citing an over-supply of emission units, a worsening EU economic outlook and an expansion of low-carbon energy sources.
|
China lowers carbon floor price as CER prices crashChina has lowered the minimum price foreign companies must pay for Chinese carbon credits for the first time since 2008, but traders say the move is unlikely to have much impact as it will remain twice as high as current carbon prices.
|
Carbon Forestry 2012 planned for AustralasiaWhat a year it’s been for those involved in carbon markets. A raft of new legislation, a jump followed by a dramatic drop-off in carbon pricing and then a slow-down in trading.
|
CO2 emissions traded to help Tohoku regionFirms that emit greenhouse gases but also want to help revitalize business in the Tohoku region following the Great East Japan Earthquake are being drawn to participate in a carbon dioxide offset trading scheme.
|
Can carbon finance protect forests and prevent climate change?Some of our clients will remember that The CarbonNeutral Company started business in 1997 trading as Future Forests, and will know that our services have always recognised the central role played by ecosystems in maintaining a stable climate.
|
World Bank’s New Greenhouse Gas Accounting Methodology Approved by SCS Scientific Certification Systems (SCS) has assessed the World Bank’s new methodology for estimating the emission reductions resulting from adoption of sustainable agricultural practices.
|
New tool promotes forest offsets to consumersCanadian Reforestation project developer Taking Root has come up with a new online tool to help its offset buyers explain and promote their offsetting commitment to their own customers.
The CO2 Responsible communications kit is designed to help businesses get full value from their decision to offset their carbon emissions and tackle climate change, and promote the benefits of Taking Root’s social reforestation project in Nicaragua.
|
Landholders rush to establish carbon forests Landholders spiralling interest in carbon forests has resulted in CO2 Australia investing an estimated $23.3 million in rural economies during 2011 and partnering with more than 300 farming families.
|
Forest owners reject lease agreement with Merlyn WoodSarhad Forestry Ittehad (Safi) has rejected lease agreement between the department of forests and British company Merlyn Wood for leasing of 2,71,000 acres forest covered area in district Mansehra, Battgram and Swat for 40 years.This was stated by President, Safi Abbottabad, Riaz Mohammad Khan; G
|
Bretford Reinforces Commitment to Sustainability by Achieving CarbonNeutral® Company Certification
|
Irish finance bill ‘opens door to forest bonds’Ireland has become the first country in the world to recognise forest carbon credits in its tax regime – paving the way for the issuance of forest bonds, according to a leading banker.
|
Cash in on carbon: Timber firms can harvest profits from greenhouse gas initiativeCalifornia's call to reduce greenhouse gas emissions by 2020 means new revenue for timber landowners willing to play the carbon-offset market.
|
California cap-and-trade law spurs U.S. forest carbon projectsNow that California's carbon market has arrived, an Australian-based company that specializes in forest carbon offsets has jump started two forest projects with private landowners in the western U.S. The new company, Forest Carbon Partners, will make the projects available as carbon offsets for California polluters.
|
Tasmanian forest deal on the rocksTONY EASTLEY: When the Prime Minister and the Tasmanian Premier signed a forestry agreement last year it appeared that an end was in sight to the protracted and bitter Tasmanian forestry debate.
This morning however the deal would appear to be in tatters.
Felicity Ogilvie reports from Hobart.
FELICITY OGILVIE: The timber company Ta Ann's announcement that it will cut up 40 jobs as a result of environmental groups lobbying against it has thrown the Tasmanian forest peace deal into disarray.
|
Governments Embrace Carbon Voluntary MarketA growing number of national and regional governments are likely to use voluntary carbon credits to meet mandatory climate targets, a report by U.S. research company Ecosystem Marketplace said on Thursday.
|
World Bank’s BioCarbon Fund launch a report on AR CDM experienceThe World Bank yesterday launched a new report by the BioCarbon Fund entitled “The BioCarbon Fund Experience: Insights from Afforestation / Reforestation Clean Development Mechanism Projects”.
|
China mulls forestry credits in ETS: officialChina is looking at ways to include forest carbon projects in its planned emissions trading scheme (ETS), according to a senior official, a move which would boost supply of lower-cost offsets for the country’s biggest emitters.
|
UN support for soil carbonTHE United Nations has thrown its support behind soil carbon, but Australian attempts to create a market mechanism to reward the building of soil carbon reserves are still mired in complexity.
|
World Bank Reports Experience with A/R Biocarbon Fund Projects
|
ETS reminder to hundreds of forest ownersWaikato Regional Council is writing to hundreds of forest owners in the region reminding them they need to register their forests by 31 March if they want to qualify for and claim Emissions Trading Scheme (ETS) New Zealand units under the first five-year sequestration period of the Kyoto Protocol
|
TerraCarbon issues Forest Carbon Market update, January 2012TerraCarbon has issued its January 2012 edition of the Forest Carbon Market Update. Highlights include a look at global carbon prices and twelve market developments to look for in 2012.
|
Methodology Revisions: Current Versions Valid Until 30 SeptemberAs part of our ongoing work to ensure all program elements meet or exceed evolving best practice, VCS has determined that several methodologies require minor revisions to conform with latest VCS requirements on standardized methods and the timing of crediting from select carbon pools.
|
Africa and the CDM: a dead-endGiven the dismal state of carbon markets currently, it is baffling that there is a push to expand them to the African continent; yesterday the Africa Carbon Forum opened in Addis Ababa and next week there is a two d
|
Green market slide worries Indian companiesGlobal demand for carbon credits, especially in Europe for economic reasons, has been declining since 2010.
|
Kenya now hires carbon credits advisor
|
The Gold Standard expands: announcements on forestry & land-useBased upon consistent stakeholder lobbying and the strongly positive outcome of a 2011 scoping exercise, The Gold Standard Foundation is expanding its project scope into land use and forestry.
|
First-Ever REDD Project in Amazon Rainforest Receives Registration Under the Verified Carbon Standard
|
Australia: Carbon Forestry Landscape ChangingCarbon forestry investments in New Zealand and Australia have taken a blow from the combined effects of legislative uncertainty and the depressed prices for carbon based on Euro problems, but the sector remains cautiously optimistic.
|
The Israelis saving the rainforestsA company owned by Israeli entrepreneurs will manage preservation of tropical rainforests of the Central African Republic.
|
Corporates push voluntary carbon market to highest level since 2008Transactions of voluntary carbon credits grew to $576m last year, defying the sluggish economy by reaching the highest level since 2008, with corporate buyers making up the vast majority of purchases.
|
Disagreement on REDD finance at the “stalemate” climate negotiations in BonnLast year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency.
|
Asia CDM Stakeholder Consultations and Implications for CDM AR & REDD+A CDM policy dialogue with Asian stakeholders took place in Bangkok from 7-8 June 2012. Asia has more than 80% of the registered CDM projects in the world.
|
'Offsetting' Campaign To Save Forests To Be Announced At Rio+20Five major corporations will join the emergency campaign to save the world's threatened forests by pledging to buy REDD multimillion dollar credits from projects protecting threatened forests around the world, the campaign announced Tuesday at the U.N.
|
The case for “living” carbon credits
|
Forestry carbon farming stunted by ETS decisionChanges to the emissions trading scheme will stop investment in one of New Zealand's most important sources of future carbon emissions reduction - forestry "carbon farming", says Carbon Farm chief executive Murray McClintock.
|
The false solutions of Rio+20As evening falls, Albertina Francisco*, a farmer from the Nhambita community in Sofala province, Mozambique, returns home. She is tired after another day of work at her machamba (a term used in Mozambique to refer to a patch of farmland).
|
BluForest Inc. Acquires 30,000 Hectares of Forest in Ecuadorian AmazonBluForest Inc. today announced that it has acquired 30,000 hectares of native forest in the province of Esmaraldas in Ecuador.
|
This is the second in a series of guest contributions focussed on sharing local experiences from around the world in developing and implementing safeguards in REDD+.
|
UK fund targets CO2 credits from areas in Brazil’s AmazonThe Brazilian Amazon state of Amapa has given a British investment fund the right to draw up avoided deforestation projects for an area covering 1.3 million hectares, the latest in a string of deals in the region.
|
California city eyes carbon credit revenue from its trees(Reuters Point Carbon) - California's seventh-largest city may try to bolster its strained budget by maintaining its 393,000-tree urban forest and selling carbon credits to regulated greenhouse gas emitters in the state's forthcoming cap-and-tra
|
Brazil Perfects Monitoring of Amazon Carbon EmissionsA new system to calculate the amount of greenhouse gases generated by deforestation in Brazil’s Amazon jungle region has come at a good time for assessing the effects of the reform of the country’s forest code.
The new satellite system optimises government monitoring of forests.
|
Origin drops forestry deal amid carbon worries
Origin Energy has quit $133 million worth of options for forestry projects in Australia amid fears that the price of carbon will plunge, according to The Australian Financial Review.
|
Brazil's Boa Vista Forest Carbon Offset Project Earns Verification from SCSSCS Global Services has verified the Brazilian Boa Vista Afforestation/Reforestation carbon offset project under the American Carbon Registry (ACR) Standard. The project sequesters greenhouse gases (GHG) by planting and managing fast-growing Acacia mangium Willd.
|
Kyoto carbon credit glut is far larger than expected, warn analystsThe giant surplus of carbon credits currently swamping the global carbon market may never recede, removing any hope of reducing global emissions without a significant increase in national emission reduction targets, campaigners will warn today.
|
Forest project issued CO2 credits for California marketProject developer Finite Carbon announced Wednesday it has registered a project that has issued 200,000 offsets eligible for use in California's cap-and-trade system, bolstering the currently short supply of credits available in the forthcoming market.
|
Investment in UN's carbon scheme to 'dry up' as prices plungeUN carbon credits could be worth just 50 euro cents by the end of the decade due to a huge oversupply of allowances, hitting investment in its Clean Development Mechanism (CDM), analysts Thomson Reuters Point Carbon warned yesterday.
|
Ethiopian forest project gets UN carbon creditsThe U.N. has issued carbon credits to a reforestation project in Ethiopia, the second time tree planting has received emission reductions. The project in the village of Humbo, Ethiopia, which was approved by the U.N.
|
UN emissions credits sink to record low as demand wiltsUnited Nations Certified Emission Reductions dropped to their lowest ever as German power for 2013 fell to a record amid Europe’s continued debt crisis.
|
Turning Forests into Carbon BanksFor decades, Lock Haven, Pa., has secured its municipal water supply from 5,200 acres of city-owned forest in northern Pennsylvania’s Appalachian Mountains. In the past, the city kept its water rates down by logging hemlock, hardwoods and other timber from the property.
|
The Clinton Foundation Partners with Carbon Offsets To Alleviate PovertyCarbon Offsets To Alleviate Poverty (COTAP.org) today announced its partnership with the William J. Clinton Foundation, adding the Clinton Development Initiative’s (CDI) Trees of Hope project in Malawi as the fourth project to its growing portfolio of certified forestry carbon projects.
|
Brazil takes action against forest carbon deal in the AmazonBrazil's Attorney General Office has taken legal action against a deal signed between an Irish company and an Amazon indigenous group for the sale of carbon credits from avoided deforestation.
|
Reforestation pilot in China earns carbon credits A project that has reforested 3,000 hectares of previously barren land in China’s southwest Guangxi is issuing its first carbon credits under the Clean Development Mechanism.
|
Bamboo: A New Approach to Carbon CreditsIt is estimated that bamboo forests and plantations cover 35 to 50 million hectares today, which translates into a significant amount of stored carbon.
|
EU Sells 3.5 Million EU Carbon Permits Below Market Price
The European Union sold 3.5 million prompt carbon emission permits at a lower price than bids on the open market, signaling lower demand for the allowances.
|
How the Great Bear project is a leader in carbon offsets
As concepts go, carbon offsets are a simple thing: for every ton of carbon dioxide pumped into the atmosphere, a ton can be “offset” by, say, using wood waste instead of coal in a cement manufacturing plant.
|
First-Ever, REDD+ Project in the State of Acre, Brazil to Achieve Dual VCS-CCBS Validation
|
‘Carbon credit rules for forestry projects should be made simpler’The carbon credit rules for forestry projects should be made simpler, said the director general of the Indian Council of Forestry Research and Education (ICFRE) Dr VK Bahuguna while chairing the surveillance audit of ICFRE-Designated Operational Entity (DOE) in Dehradun on Monday.
|
The other side of the climate story
|
Woodland schemes cutting down corporate emissionsSince the launch of the Woodland Carbon Code in 2011, UK businesses have become more aware of the benefits of emissions sequestration through the investment of sustainably managed woodlands.
|
|
|
