Forestry Sector Gains Momentum in Voluntary Carbon Market
Last 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.
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.
EU Trying to Link Up With Federal Rather Than Local U.S. Emissions Trading
The European Union will keep trying to link its carbon market, the world’s biggest, with any U.S. program at the federal level rather than regional systems.
The long-debated issue of what part forestry should be play if any in the European Union’s climate change effort is again at the fore. The European Commission last week opened a consultation on whether land-based activity, the LULUCF sector in Kyoto Protocol jargon, should be included in the EU’s 2020 emissions reduction effort.
New rumbling emerged from Europe this week that the potential for emissions-reducing activities involving land use, land-use change, and forestry may be finally getting a d
