Forest carbon

The world’s forests may spur financial rewards and risk management opportunities as a way to curb climate change, according to the United Nations.

OSLO (Reuters) - The shift in manufacturing to emerging nations is doing more to curb rich countries' greenhouse gas emissions than measures they are taking to meet the U.N. pact to fight climate change, a study showed.

Rich nations benefit from U.N. rules which record greenhouse gases -- mainly from burning fossil fuels -- as those coming from each country's territory. Emissions to make a car in South Korea, for instance, remain South Korean even if the car is exported to the United States.

Redd Forests, a little company 20 per cent-owned by the Kathmandu founder Jan Cameron, is proving that threatened native forest in Tasmania can have more value standing than if it was logged, by generating carbon credits from it.