Stora Enso successfully issues seven-year EUR 500 million Eurobond
Stora Enso successfully issues seven-year EUR 500 million Eurobond Stora Enso has today issued a EUR 500 million seven-year bond under its EMTN (Euro Medium Term Note) programme. The new bond pays a fixed coupon of 5.5% and will mature in March 2019.
Global sawlog prices fell in late 2011, especially in lumber export-oriented countries such as Western Canada, Finland, Sweden, Russia and New Zealand, reports the Wood Resource Quarterly.
43 European states negotiate binding legal framework
The representatives of 43 European countries – the 27 EU member states plus the European Commission, Russia and other non-EU European countries – have begun negotiating a legally binding agreement on sustainable forest management in Europe.
A growing number of national and regional governments are likely to use voluntary carbon credits to meet mandatory climate targets, a report by U.S. research company Ecosystem Marketplace said on Thursday.
Korea to Plant Trees in Indonesia for Carbon Emission Credits
Korea plans to receive 100 million tons of carbon emission credits over the next decade in return for planting trees on a 200,000-hectare plot of land in Indonesia.
Zimbabwe’s first REDD+ project has been successfully registered with the Community, Climate, and Biodiversity Standard at the Gold level. The project, developed by South Pole Carbon and Carbon Green Africa, is currently undergoing validation under the Verified Carbon Standard.
New study highlights need for REDD+ to look beyond carbon
BOGOR, Indonesia (21 February, 2012)_A new study on rubber plantations highlights the need for the REDD+ climate change scheme to further consider biodiversity and rural livelihoods.
