External News

Nigeria’s prospects as a full REDD participating nation shone bright last Thursday as a week-long Scoping Mission by the United Nations REDD+ Programme that commenced in Calabar in Cross River State came to an emotional end in Abuja, the federal capital city.

The forest industry in China is continuing its expansion, and with limited domestic timber resources, importation of logs and wood chips are at an all-time high, especially as tight supply of domestic logs has increased local log prices to new highs.

"We are interested in working with Latin American countries that share the Amazon rainforest. We just started it, "said the director of the Climate Change Division, Takehiro Kano, at a press conference in Tokyo.
  
The Amazon, considered the lungs of the world, covers 4.1 million hectares, but is rapidly losing its trees from deforestation.
  

Prices for woody biomass, whether it was sawmill by-products, forest residues or urban wood waste, were higher in the 3Q/10 than the previous quarter in most regions throughout the US reports Wood Resources International LLC.

Africa’s first significant CDM forest carbon project has attracted a price of $US4 per tonne in temporary CER (tCER) carbon credits, according to a media report. The World Bank will buy the credits for half the carbon stored up to 2017 from an Ethiopian forestry project, the Humbo Assisted Natural Regeneration Project.