Carbon

Australia could meet almost half of its 5 per cent greenhouse reduction target by ending logging of native forests, according to a new economic study.

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.

In a UK first the British government has approved a carbon accreditation scheme set up to recognise business' efforts to capture and store carbon.

As 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

WASHINGTON — 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.