Reduction of emission from deforestation and degradation
Issue date:
May 4, 2010
A REDD dawn in India
The mechanism of REDD has not yet been officially implemented in India, though there is considerable scope of its implementation, considering the extent of India’s forest cover. However, there is also potential for its misuse, as well as plenty of challenges.
Investor interest in forestry is building, driven by climate change concerns, shifting and growing markets for forestry products – and the good, old-fashioned portfolio diversification benefits of an asset class which weathered the financial crisis much better than most and which offers stable long-term returns. But, argue sustainable finance experts, barriers to monetizing the environmental attributes of the sector remain high – both retarding investment but also generating opportunities for early movers.
Climate Talks in Bonn Made Some Progress, Envoys Say
May 4 (Bloomberg) -- Mexican and German efforts to bring together delegates from more than 40 countries helped push climate negotiations forward even though they produced no tangible achievement, Germany’s environment envoy said today.
Informal climate dialogue ends with guarded optimism
Though opinions were still poles asunder, participants at the Petersberg Climate Dialogue emerged from three days of discussion which ended Tuesday with guarded optimism.
They based their optimism on hopes of reviving stalled debate and rekindling practical cooperation among those who attended the United Nations climate change conference in Copenhagen last year.
The Petersberg dialogue was co-hosted by Germany and Mexico which is to host the follow-up to the Copenhagen conference in November.
Kenya Turns to Carbon Trade in a Bid to Curb Climate Change
Kenyan Prime Minister Raila Odinga has said the country is keen to partner with investment bankers to promote trading in carbon markets and ensure the rehabilitation of the Mau and other threatened forests in the country.
A group of climate policy researchers has proposed an international registry be set up to coordinate the disparate efforts toward a global REDD+ mechanism. The Technical Working Group on the Institutional Architecture for Climate Finance says such a body is needed to harmonise the wide range of funding initiatives dedicated to REDD+ readiness efforts, implementation and credits.
A number of environmental groups have combined in opposition to the post-Copenhagen process aiming to fast track the international REDD+ initiative. Led by France and Norway, the so-called Paris-Oslo process sees developed and developing countries attempting to push on with a global REDD agreement that came close to being finalised at the UN climate conference last December.
