Ugandans Invest in Trees, For Profit, Conservation
Wealthy investors in Uganda are taking advantage of a new money-making opportunity investing in trees. Trees have become an attractive investment because of the rising cost of timber and the allure of carbon credits. The Ugandan government sees these so-called "tree banks" as a means to combat deforestation. But practice remains controversial.
While steaming ahead with new carbon market initiatives, the World Bank attracted further criticism and suffered potential setbacks on agriculture and on the Green Climate Fund (GCF) at the UN climate negotiations in Durban.
Clean-tech Finance Bill changes welcomed by Green IFSC
The clean-tech tax changes to the Finance Bill have been welcomed by the Green IFSC, which says Ireland’s Government is likely the first in the world to recognise forest carbon credits in tax legislation.
(Reuters) - Britain will urge businesses and governments to start accounting for natural capital as an additional way of measuring economic activity at a U.N.
Tanzania: Country to Benefit From U.S.$500 Million Climate Funds
Tanzania is among countries that would benefit from funds donated by Norway to finance projects that aim at reducing the effects of climate change.Reduced Emissions from Deforestation and Forest Degradation (REDD).
