China Bets on Panda to Take a Bite Out of Land-Use Emissions (and Reduce Poverty)
China generates the lion’s share of global offsets under the Kyoto Protocol's Clean Development Mechanism (CDM), but it doesn't cap its own emissions. It does, however, have its own voluntary carbon standard – the “Panda Standard” – which was unveiled at last year's Climate-Change Conference in Copenhagen and is designed to drive domestic demand for forestry and poverty alleviation with a vehicle that is uniquely Chinese.
Lagos — The Minster of Environment, John Odey said since Nigeria now controls over 40 percent of the certified emission reduction in Africa, it can leverage on it to generate ingestible funds.
EU Trying to Link Up With Federal Rather Than Local U.S. Emissions Trading
The European Union will keep trying to link its carbon market, the world’s biggest, with any U.S. program at the federal level rather than regional systems.
Climate change mitigation support to emerging or developing countries should be given by western industrialized (so called ANNEX I) countries. In Copenhagen leaders of the world have agreed to start some financing activities in the fields of climate change aid. Our bosses had been in the opinion that it would make sense to immediately start these financing activities and therefore called it “fast start funding” or “fast start financing of climate change mitigation”.
BNP Paribas and Wildlife Works Ink $50 million REDD Deal
LONDON | BNP Paribas Corporate & Investment Banking (BNP Paribas) has announced an agreement between its Commodity Derivatives business and Wildlife Works Carbon LLC, in which BNP Paribas will provide up to US$50 million in finance to combat tropical deforestation and climate change.
A broad proposal for how forest carbon projects could be allowed to operate within a future international REDD+ framework has been outlined in a new industry paper. In the paper, forest carbon project consultants Terra Global Capital attempts to show how individual REDD projects might able to generate tradable offsets compliant with emerging national and international mechanisms.
Time change for President of Gabon's address at W&M
Ali Bongo Ondimba, president of the African nation of Gabon, will deliver a speech at the College of William & Mary on Saturday, Sept. 25 at 1:30 p.m.
Ondimba’s speech, which will be given at the Great Hall of the Sir Christopher Wren Building and followed by a question-and-answer session, is open to the public. It will focus on “Sustainable Africa.” In it, Ondimba is expected to outline how Africa, led by Gabon’s example, can promote ecological and politically sustainable institutions.
The Centre should promote a carbon credit trading mechanism on lines of the Kyoto Protocol in the country to enable the plantation industry to earn carbon credits.
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