Programs for Climate Action get underway with $400 m for forests and $300 m for renewables
New Delhi: A $100 million pledge from the Government of Japan has helped to secure the funding base and launch the operational phase of two new climate programs supporting forest management and renewable energy investments in developing countries.
Ian Fry, the chief climate change negotiator for Tuvalu, fought on behalf of low-lying island nations during the United Nations climate summit in Copenhagen, Denmark, last month.
TREES are one of the most efficient systems of carbon capture and storage on the planet. They breathe in carbon dioxide and breathe out oxygen, locking the carbon into their roots, trunk, branches, twigs and leaves and the soil. They are so good at this that about 20% of the greenhouse gases entering the atmosphere can be attributed to deforestation. In the run-up to the climate talks in Copenhagen in December, bright minds around the world are negotiating a formal scheme for reducing the loss of trees as a way of lowering the world’s carbon emissions.
South American Environmental Trusts Join Columbia Center to Create Amazon Forest Carbon Credits
Five environmental trust funds in Bolivia, Brazil, Colombia, Ecuador and Peru have joined with Columbia University’s Center for Environment, Economy, and Society to establish the Amazon Forest Carbon Partnership, a collaboration to reduce carbon emissions and provide an economic alternative for forest dwelling communities and commercial enterprises in the Amazon. The issue of forest carbon credit, in which wealthy countries offset their emissions by compensating land holders for preserving forests, was a core point of negotiations at the global climate summit in Copenhagen.
