Approaches to Classifying and Restoring Degraded Tropical Forests for the Anticipated REDD+ Climate Change Mitigation Mechanism
Inclusion of improved forest management as a way to enhance carbon sinks in the Copenhagen Accord of the United Nations Framework Convention on Climate Change (December 2009) suggests that forest restoration will play a role in global climate change mitigation under the post-Kyoto agreement.
A second improved forest management (IFM) project methodology has been approved for use with the Voluntary Carbon Standard, an important step in applying carbon market finance to the restoration of degraded native tropical forests.
The methodology was produced by project developer Face the Future to measure the carbon emissions reductions generated by its rehabilitation project in the severley damaged Infapro rainforest in Malaysia’s Sabah province on Borneo.
The REDD (Reducing Emissions from Deforestation and Forest Degradation) scheme is currently being negotiated at the United Nations climate change conference in Cancun, Mexico.
EU May Allow Carbon Credits From Forestry to Fill Gap, BNP Trader Says
The European Union may allow use of emission credits from forest protection to help fill any gap from a ban of some industrial-gas credits, a banker at BNP Paribas SA said.
Special report: Money could grow on trees, depending on carbon price
Giving trees a value is one solution for halting deforestation, but deciding how much a forest is worth is proving challenging, reports Sara Schonhardt
Avoiding Deforestation and Rewarding Forestry Investment
A new project methodology – developed by Australia’s Carbon Planet – to reduce greenhouse gas emissions through Improved Forest Management has successfully completed a first independent assessment under the VCS Methodology Approval Process.
Forestry Sector Gains Momentum in Voluntary Carbon Market
Last week the first forestry investment was issued credits and in return, voluntary carbon market players could increase demand for carbon credits from the forestry sector.
The landmark approval of a carbon accounting methodology to underpin REDD projects in Asia shows the project-based voluntary carbon market leading the way in the development of mechanisms to halt the destruction of climate-critical tropical forests.
