Forestfinance

(Published by Thomson Reuters Point Carbon)

In response to requests by senior representatives of leading companies, this project of the World Economic Forum aims to identify opportunities for greater engagement and investment in REDD+ activities for the private sector across the value chain, including by addressing drivers of deforestation

The global demand for timber resources has been highlighted by Tanzania's Minister for Natural Resources, who has called on international investors to entrust more of their money to alternative funds such as timber funds.

Ezekiel Maige told a gathering of international businessmen in the East African nation that the national demand for timber and its byproducts had reached 5 million cubic metres, while the nation's timber farms currently only had the capacity to produce 1.2 million cubic metres.

At the beginning of the UN climate negotiations in Durban (COP17), FERN published a short report looking at carbon markets as a means of financing REDD.

ERA 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.