trading

Having overcome various technical problems, the regional markets for voluntary carbon credits are now united. Traders are hoping for a future US scheme to enlarge the market.

Mark Tercek left Goldman Sachs after a long and successful career midway through 2008, just before the global financial meltdown. Good timing, except that Tercek moved on to become the president and CEO of The Nature Conservancy, the world’s biggest environmental organization, as  the global climate crisis is intensifying.

MOUNT ELGON, Uganda, Aug 31 (IPS) - With the world’s attention focused on climate change, one of the methods suggested to reduce global carbon emissions is causing the displacement of indigenous persons as western companies rush to invest in tree-planting projects in developing countries.

While committed to stopping deforestation, Brazil sees a carbon trading scheme as the wrong way to proceed. On climate change mitigation, it wants commitments to reflect historic emissions.A scheme that would allow developed nations to gain carbon credits by supporting forest conservation is on the agenda of the UN conference in Copenhagen this December, but the home country of the Amazon, the world’s largest forest, now turns its thumb down.

PORT MORESBY, Jul 30, 2009 (AsiaPulse via COMTEX) -- The pristine forests of Papua New Guinea could be worth billions of dollars a year in carbon trading but potentially lucrative projects are on hold amid court orders and a government investigation.