Forest carbon

CAYMAN Islands-registered Green Glory Ltd is in the process of obtaining management rights to establish a carbon credit scheme using Cambodia’s forests, according to a company statement.

The firm is seeking rights to 450,000 hectares of the Kingdom’s woodlands for supply-side carbon credits. It is also planning to list on the London Alternative Investment Market exchange via the acquisition of AIM-listed Tricor Plc.

Despite not agreeing legally binding commitments to reduce emissions, the Cancun conference does give more momentum to global, regional and local efforts to address climate change. As a result, the creation of incentives, penalties and trading arrangements in various forms in different markets becomes more likely.

The outcome of the conference reinforces our view that businesses should proactively address the business opportunities and risks around climate change to maximise shareholder returns.

As we stated in a previous post California, the world’s 8th largest economy, has approved an extensive cap-and-trade carbon trading scheme to cut greenhouse gas emissions.

(De Ware Tijd) – In January, construction will start of a so-called ‘carbon lab’ at the premises of Berg en Dal on the Suriname River.

In the margins of the UN Climate Change Conference (29.11. – 10.12.2010 in Cancun, Mexico), the Federal Government signed an agreement with the World Bank on the funding of forest-protection projects.