WBCSD: Sustainable Forest Finance Toolkit Now AvailableGeneva, 22 February 2010 - PricewaterhouseCoopers (PwC) and the World Business Council for Sustainable Development (WBCSD) have launched the Sustainable Forest Finance Toolkit, which aims to support the finance sector in
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PCF
At the close of calendar year 2009, the Prototype Carbon Fund has 23 of 24 projects generating emission reductions and eight of the PCF’s CDM projects have issued Certified Emission Reductions. In early 2010, the PCF successfully completed its first transfer of Kyoto assets from its projects in Annex I countries.
Fund Capital ($ million) 219.8
Date Operational April 2000
Participants 22
Private % (by capital invested) 57.6
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Community Development Carbon Fund
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Seven major bilateral and multilateral funding initiatives have recently been created to support the new concept of Reducing Emissions from Deforestation and Forest Degradation.
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Rockefellers' 1Sky Unveils the New 350.org: More $ -- More Delusion
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Funding for Forests: UK government support for REDD+
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Carbon investors turn to forestry
At an Environmental Finance conference this month, financers signalled strong interest to invest in forest carbon projects. Given that imminent investment is needed, how close are we to a framework that propels financers to back forestry?
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Workshop on Private sector engagement on REDD+ in Lao PDRIn the last months, the Government of Lao PDR received proposals from numerous private enterprises seeking to develop forest carbon projects in Laos.
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Assessing the Financial Flows for REDD+: the Pledge-Implementation Gap
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Forestry Investments in Emerging Marketsnvestments in forestry have many desirable features. Under certain conditions, forestry investments yield attractive returns to investors and can contribute substantially to the economic, social and environmental development of countries.
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International Forest Carbon Association (IFCA)Carbon Positive is involved with a number of participants in the forest carbon sector to establish a representative organisation, the International Forest Carbon Association (IFCA).
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Finance sector favours ‘nested’ approach to REDD+A hybrid mechanism, in which tradable credits can be issued directly to forest carbon projects, as well as to national governments, is the clear preference of the private finance sector for rewarding projects that reduce deforestation and forest degradation (REDD+), according to a report from the
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LTS Safeguarding REDD+: Working Towards Robust, Efficient and Transparent Financial Governance Global Witness has contracted LTS to identify the main risks in REDD financial flows (from both public and private sources) from international to local level, and to propose appropriate financial audit mechanisms and safeguards to mitigate these risks.
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REDUCING the risks of climate change is not a technological problem. There are many ways to generate electricity, drive cars or grow crops without emitting much carbon dioxide—but they are expensive.
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Pilot Forest Carbon Trust Fund: Rewarding local communities for forest conservationThis is the first Forest Carbon Trust Fund in Nepal, and lessons learnt from this pilot project will be vital for understanding what kind of governance system will be required for implementing REDD+ at the national level when communities are actively involved in forest management.
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REDD+: a win-win deal is possible!
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Forest Communities in Burkina Faso, Ghana and DRC to Benefit From Dedicated CIF Grant (AfDB)In the coming year, pilot countries of the Climate Investment Fund's (CIF) "Forest Investment Program" (FIP), including Burkina Faso, Ghana and the Democratic Republic of Congo, can expect to see additional support for their REDD+ activities in the form of a Dedicated Grant Mechanism for Indigeno
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Norway accused of hypocrisy over RI deforestation fundingNorway has been accused of climate hypocrisy in Indonesia, where it has won plaudits for financing forest protection even as its state pension fund allegedly secures even greater revenues from logging, plantations, mining and other environmentally destructive practices.
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Short-term climate funds on track, doubts over future(Reuters) - Rich nations are on track to deliver on their promise to supply $30 billion in short-term climate financing by the end of next year to help poor countries tackle global warming.
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A Change of Heart on Investing in the ClimateWhen State Street Global Advisors, the investment management arm of State Street Corp., offered its first
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Private sector needs quick decision on REDD financeTime is running out for key decisions on the financing of projects that reduce emissions from deforestation and forest degradation (REDD), said Abyd Karmali, global head of carbon emissions at Bank of America Merrill Lynch.
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Peruvian Amazon could become global centre of ‘carbon piracy’: reportThe Peruvian Amazon is the new global centre of “carbon piracy”, as banks, conservationists and entrepreneurs rush to snap up the legal rights to trade carbon, according to a report published today at the UN climate talks in Durban.
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Forest Bonds: Realizing a Net Zero Deforestation, Forest-Friendly EconomyHeating and cooling, timber, water, food, habitat, energy, massive storehouses of carbon – forests provide an incredible amount of direct and indirect ecosystem services to humans, along with all other forms of life on earth. That’s especially true of tropical forests.
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REDD+ finance delivery: lessons from early experienceDelivering REDD+ finance has taken more preparatory work, capacity and tailoring than initially envisaged.
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Blending Climate Finance through National Climate FundsClimate change is one of today’s most pressing threats to achieving sustainable development goals around the world. Countries must transform their economies and angle their growth with policies and actions across multiple sectors that lower greenhouse gas emissions, reduce vulnerability to climat
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World Bank: More donors supporting REDD+ but contraints aheadFinancial support for REDD+ projects to safeguard forests in developing countries is increasing with new countries pledging to get involved and existing donors stepping up their commitments, a World Bank official said.
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REDD-plus finance has received a lot of attention over the last years. This Brief describes the funding initiatives in support of this major international mitigation strategy and raises some ongoing challenges for the equitable delivery of climate finance.
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New funds to protect the climate through forest conservationWashington – In a sign of strong support for the reduction of greenhouse gas emissions through forest conservation, Germany has committed an additional EUR 30 million to the Forest Carbon Partnership Facility (FCPF). The German Ministry for Economic Cooperation and Development signed the agreement, which makes Germany the biggest donor to the Facility, with total commitments of EUR 84 million (approximately USD 110 million).
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ERA Surpasses 2 Million Tonnes in Carbon Offset SalesERA Carbon Offsets Ltd. is pleased to announce that the company has achieved a new sales milestone, having sold more than 2 million tonnes of forest based carbon offsets to customers and clients around the world.
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Guyana forest carbon plan struggles to get off paper(Reuters) - After decades of depending on bauxite, timber and gold for revenue, Guyana proposed five years ago that wealthy foreigners pay it to protect its tropical South American rainforests.
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Alternatives to carbon markets to finance REDDAt the beginning of the UN climate negotiations in Durban (COP17), FERN published a short report looking at carbon markets as a means of financing REDD.
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Mexico can’t see the wood for the treesAn indigenous community in Mexico wants to drop protected conservation status for its area because it feels it has lost real control of its land and way of life. Concern about carbon emissions is blinding policy makers to the failures of some of their conservation policies.
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Tanzanian minister highlights global demand for timberThe global demand for timber resources has been highlighted by Tanzania's Minister for Natural Resources, who has called on international investors to entrust more of their money to alternative funds such as timber funds.
Ezekiel Maige told a gathering of international businessmen in the East African nation that the national demand for timber and its byproducts had reached 5 million cubic metres, while the nation's timber farms currently only had the capacity to produce 1.2 million cubic metres.
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REDD+: Funding for carbon trading projects haltedDar es Salaam. Funding for a carbon trading system known as Reducing Emissions from Deforestation and Forest Degradation (REDD) has been suspended until further negotiations between poor countries and powerful industrial nations.
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Proposals from the Private Sector for Engagement at Scale in REDD+In response to requests by senior representatives of leading companies, this project of the World Economic Forum aims to identify opportunities for greater engagement and investment in REDD+ activities for the private sector across the value chain, including by addressing drivers of deforestation
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Engaging the Private Sector in the Potential Generation of REDD+ Carbon Credits : An Analysis of IssuesClimate Focus led a team of experts to analyze opportunities for involving the private sector in the generation of REDD+ credits for the UK Department for International Development (DFID).
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Norway pledges $300 million/year to green world's power(Published by Thomson Reuters Point Carbon)
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Funding for climate change projects poor
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World Bank sees carbon finance role for years(Reuters) - The World Bank's carbon finance initiatives will likely be needed for at least five years, as the United Nations struggles to create a self-sufficient, int
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Can carbon finance protect forests and prevent climate change?Some of our clients will remember that The CarbonNeutral Company started business in 1997 trading as Future Forests, and will know that our services have always recognised the central role played by ecosystems in maintaining a stable climate.
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GEF Closes $160 Million Fund for Sustainable Forestry in AfricaGlobal Environment Fund, a U.S. private-equity firm with $1 billion under management, completed the closing of a $160 million fund for sustainable forestry in sub-Saharan Africa.
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Jayanthi Natarajan turns down proposal seeking Rs 1K crore under CAMPANEW DELHI: Environment minister Jayanthi Natarajan has asked the Comptroller and Auditor General to review the spending of the funds of the Compensatory Afforestation Fund Management and Planning Authority (CAMPA).
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REDD: Saving the Amazon rainforestInternational negotiators are closing in on a new solution for combating climate change — and saving the world’s remaining forests.
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Political insurance for PE funds
A new insurance product has been launched to cover private equity fund investments in Africa and other emerging markets against political risk.
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Community Carbon Accounting Research ProjectThe Community Carbon Accounting (CCA) Action Research Project was launched with the intention of elaborating approaches for engaging communities in forest carbon stock monitoring.
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Global Environment Fund beats target for Africa forestry fund Global Environment Fund (GEF) has raised $160 million into its Africa Sustainable Forestry Fund, exceeding its target of $150 million.
The Maryland-based fund manager claims the fund is the first private equity fund to focus solely on sustainable forestry in sub-Saharan Africa.
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New tool promotes forest offsets to consumersCanadian Reforestation project developer Taking Root has come up with a new online tool to help its offset buyers explain and promote their offsetting commitment to their own customers.
The CO2 Responsible communications kit is designed to help businesses get full value from their decision to offset their carbon emissions and tackle climate change, and promote the benefits of Taking Root’s social reforestation project in Nicaragua.
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Landholders rush to establish carbon forests Landholders spiralling interest in carbon forests has resulted in CO2 Australia investing an estimated $23.3 million in rural economies during 2011 and partnering with more than 300 farming families.
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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).
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Spain Needs $466 Million in Carbon Credits to Meet Kyoto Limit
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Govt spends half of climate funds Dar es Salaam. Tanzania has only spent half of Norwegian funds on Reduced Deforestation and Land Degradation (REDD), the ambassador of Norway, Ms Ingunn Klepsvik has said.Speaking to The Citizen recently, Ms Klepsvik said despite halfway expenditure on Norwegian REDD funds, the country has performed well in terms of preparedness in absorbing REDD funds in the future.
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UK invests £110m in IFC climate fundsThe UK government has invested £110 million ($157 million) into two new commercial funds, aiming to leverage in at least £3 billion of private capital for green investments in developing countries.
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GRIF funds disbursement awaiting agreement on projects THE Guyana REDD+ Investment Fund (GRIF) will not be available for disbursal until the Government of Guyana and its partners -- the Inter- American Development Bank (IDB) and the United Nations Development Programme (UNDP) --
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Irish finance bill ‘opens door to forest bonds’Ireland has become the first country in the world to recognise forest carbon credits in its tax regime – paving the way for the issuance of forest bonds, according to a leading banker.
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California cap-and-trade law spurs U.S. forest carbon projectsNow that California's carbon market has arrived, an Australian-based company that specializes in forest carbon offsets has jump started two forest projects with private landowners in the western U.S. The new company, Forest Carbon Partners, will make the projects available as carbon offsets for California polluters.
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A deep dive into climate financeWhat does climate finance really mean? Do we mean dedicated funds mobilized by donors in the carbon market, or do we mean funds actually used for mitigation and adaptation action?
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UN and KPMG Prod Corporate Leaders on SustainabilityUnited Nations Secretary-General Ban Ki-moon urged corporate leaders to back up their words about sustainable business practices with concrete actions at a KPMG-sponsored conference on sustainability.
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Bunge Buys Climate Change Capital After C02 Prices PlungeBunge Ltd. (BG), the world’s second- largest oilseed processor, won approval to acquire Climate Change Capital, a London fund manager that manages the world’s largest private-sector carbon fund, after C02 prices slumped to a record.
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EIB agrees loan for Chinese forestry projectsLondon, 2 March (Argus) – The European Investment Bank (EIB) will provide China with a €250mn ($330mn) loan to help fund forestry projects for climate change mitigation, the bank said on 1 March.
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Safeguarding REDD+ Finance: Ensuring transparent and accountable international financial flowsFunding forest protection in developing countries poses numerous financial risks: from inefficient allocation through to mismanagement of funds, misappropriation and corruption.
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Nigeria: Nation Gets U.S.$4 Million Grant From UN-REDD
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Guayna's GRIF - What happens to the money?
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EU nations get cold feet over climate change fund(Reuters) - EU nations have yet to come up with a plan on how to fill a multi-billion euro fund to help tackle climate change, even as the region's executive body hosts talks with countries likely to bear the brunt of extreme weather.
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Norway acts as others drag feet on carbon emissionsAdvocates of burying the world's carbon emissions underground have long pushed for a global price on greenhouse gases.
But their goal appears ever more elusive as nations fail year after year to agree on putting a price to carbon worldwide.
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Melbourne eyes Tassie forest investmentCity Council could invest in Tasmanian forest plantations protected from harvesting in an effort to become Victoria's first carbon-neutral council.
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Green Climate Fund: Critical negotiations aheadIt is heartening indeed to learn that Bangladesh has been nominated by the least developed countries (LDCs) to the Green Climate Fund (GCF) to help vulnerable countries fight climate risks.
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The Gold Standard expands: announcements on forestry & land-useBased upon consistent stakeholder lobbying and the strongly positive outcome of a 2011 scoping exercise, The Gold Standard Foundation is expanding its project scope into land use and forestry.
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The Israelis saving the rainforestsA company owned by Israeli entrepreneurs will manage preservation of tropical rainforests of the Central African Republic.
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Amazon Fund approved 30 projects with over $300 million in financingThe Amazon Fund, created in 2008 to promote projects for the prevention and combating deforestation and conservation and sustainable use of forests, has so far approved 30 projects.
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Disagreement on REDD finance at the “stalemate” climate negotiations in BonnLast year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency.
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Asia CDM Stakeholder Consultations and Implications for CDM AR & REDD+A CDM policy dialogue with Asian stakeholders took place in Bangkok from 7-8 June 2012. Asia has more than 80% of the registered CDM projects in the world.
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JIKO Policy Paper 3/2010: REDD Crediting vs. REDD FundsSince 2005, the parties to the United Nations Framework Convention on Cimate Change (UNFCCC) negotiate how the protection of rainforests could be integrated into the climate regime.
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REDD+ a “game changer” in the move towards a global green economy, says Norwegian Minister Reducing emissions from deforestation and degradation schemes, or REDD+, could be the “game changer” that enables forest-rich countries to meet sustainable development goals and work toward a greener economy, said the Norwegian Minster for Environment at a recent CIFOR event.
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Calls for halt of World Bank's climate initiatives
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Growing benefits from forest carbon projects
Corporate responsibility managers should take a look at forest carbon offset projects to maximize return on investment in climate, biodiversity, and community benefits
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Ghana: Eight Million for Reducing Deforestation in Ghana
There are indications that the country could be benefitting from an eight million Cedi (GHC8 million) monetary support from the Embassy of Switzerland for the implementation of anti-deforestation initiatives in Ghana.
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Financing options to support REDD+ activitiesThis report has been prepared for the DG “Climate Action” of the European Commission.
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Regaining Momentum: Priority Tasks for the Green Climate Fund at its First Board Meeting The Green Climate Fund (GCF) is to become the primary multilateral channel for large-scale financing for adaptation and mitigation action in developing countries.
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First Meeting of the Green Climate Fund Board
When: Aug 23 - 25, 2012
Where: Geneva, Switzerland
Organized By: Green Climate Fund
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Indigenous Peoples and the Green Climate Fund
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Brazil Perfects Monitoring of Amazon Carbon EmissionsA new system to calculate the amount of greenhouse gases generated by deforestation in Brazil’s Amazon jungle region has come at a good time for assessing the effects of the reform of the country’s forest code.
The new satellite system optimises government monitoring of forests.
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"Developed countries have vowed to help the developing world get up to speed on REDD, and many say they’re putting up billions towards the effort. Few, however, have actually followed through on their promises, and those who say they have aren’t doing a good job of proving it. The REDD+ Expenditures Tracking Project aims to change that."
There is a nice article at the Website of Ecosystem Marketplace from Kelli Barrett. I just start to cite the first paragraph - read further at there site:
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UNFCCC Releases Technical Paper on Financing Options for REDD+26 July 2012: The UNFCCC Secretariat has released a technical paper (FCCC/TP/2012/3) on financing options for the full implementation of results-based actions relating to the activities referred to in decision 1/CP.16, paragraph 70 (reducing emissions from deforestation and forest degradation in
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Investment in UN's carbon scheme to 'dry up' as prices plungeUN carbon credits could be worth just 50 euro cents by the end of the decade due to a huge oversupply of allowances, hitting investment in its Clean Development Mechanism (CDM), analysts Thomson Reuters Point Carbon warned yesterday.
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Germany Beats Fast-Start Finance Commitment But Sees Need For More ScaleDeveloped countries have been uneven at best in defining
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UN emissions credits sink to record low as demand wiltsUnited Nations Certified Emission Reductions dropped to their lowest ever as German power for 2013 fell to a record amid Europe’s continued debt crisis.
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Turning Forests into Carbon BanksFor decades, Lock Haven, Pa., has secured its municipal water supply from 5,200 acres of city-owned forest in northern Pennsylvania’s Appalachian Mountains. In the past, the city kept its water rates down by logging hemlock, hardwoods and other timber from the property.
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Costa Rica scripts a new chapter in forest carbon financeThick cloudy skies subdued the sunlight on an autumnal day in Paris. That did not stop the group of representatives from the public and private sector attending the 5th Carbon Fund Meeting of the Forest Carbon Partnership Facility (FCPF) from making a decision that is a major milestone.
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MINEPAT Evaluates Japan Funded Programme on Forest Governance
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Guyana REDD-Plus Investment Fund (GRIF) In 2009 the Governments of Guyana and Norway signed a Memorandum of Understanding and a
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The report, which aggregates data from 415 individual forest carbon projects historically, was published Thursday by Forest Trends' Ecosystem Marketplace, a world-leading provider of news, data and analytics on environmental markets and investments in conservation.
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Peru seeks World Bank carbon market supportSAO PAULO, Oct 30 (Reuters Point Carbon) - Peru's government has requested technical and financial support from the World Bank to support its plans to study the adoption of a greenhouse gas emissions trading system, according to official documents.
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A Struggle for the Soul of the GCFExistential crises usually kick in mid-life, as one wakes and wonders: what is my purpose in life? Why am I here, and where am I going?
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Who pays? Lessons from CDM forestry projects for REDDForestry projects typically involve local communities and are challenging to implement. When farmers get involved with personal financial liabilities, the question of who bears the financial risk arises especially in cases where revenues from carbon credits do not materialise.
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Norway Pays Brazil for Deforestation Cut Amid Verification Row
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Bolivian delegation in Doha: “this is a COP of climate change not a COP of carbon trade”
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Community guidelines for accessing forestry voluntary carbon marketsFood and Agriculture Organization of the United Nations
Regional Office for Asia and the Pacific
Bangkok 2012
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Government of UK: Reducing Emissions from Deforestation and forest Degradation (REDD+)
The world’s total forest area is just over 4 billion hectares, or 31% of total land area.
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Guyana receives more funds from Norway under LCD projectGuyana will receive US$45 million from Norway for its climate services in maintaining extremely low levels of deforestation while advancing the nation’s landmark Low Carbon Development Strategy (LCDS).
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Druckversion