LCDS: Stepping-stone to a global forest-carbon market!
In last week’s column I made a digression to deal with a few issues raised by Ambassador Brattskar, head of Norway’s International Climate and Forest Initiative and the lead negotiator for the Norwegian government as they were reported in the Stabroek News, (March 21, 2010).
Nepal, like any other developing country, now could sell carbon credits in the global market by way of reducing its contemporary deforestation and degradation rates and by way of forest conservation and enhancement. It sounds too good to be true? No, surely not.
While nearly $150 million has been spent to date on carbon offsets from planting trees and preserving forests, the market is in a precipitous position over limitations in the CDM for forestry projects.
In this week’s column I shall temporarily digress from my originally intended topic, which was to continue the discussion centred on the fuzziness in the LCDS and other related official documents about the size of the total forest area that is being pledged under the strategy, as well as that
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