trading

Four 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.

New 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.

KATHMANDU, 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.

The UK government has announced new scheme to assess the carbon captured and stored by forest projects initiated for carbon sequestration.