2009 may prove to be an important turning point for tropical forests.
Lead by Brazil, which had the lowest extent of deforestation since at least the 1980s, global forest loss likely declined to its lowest level in more than a decade. Critical to the fall in deforestation was the global financial crisis, which dried up credit for forest-destroying activities and contributed to a crash in commodity prices, an underlying driver of deforestation.
The agreement achieved at the Copenhagen climate summit leaves business leaders around the world close to where they began, facing uncertainty about how environmental policy will affect their costs and decisions about investments.
Temperate and Boreal Forests - still a considerable carbon sink!
A new report states that boreal forests store nearly twice as much carbon as tropical forests per hectare: a fact which researchers say should make the conservation of boreal forests as important as tropical in climate change negotiations.
One of the bright spots at the Copenhagen climate change summit could be the establishment of a scheme to protect forests and their carbon-absorbing capacity
LONDON (Reuters) - Buyers of offsets in the global voluntary carbon market are showing increased interest in so-called exotic and U.S. credits, market players said on Wednesday.
Faulty systems at the Bank's Forest Carbon Partnership Facility
As the Bank seeks to position itself as the vehicle of choice for future climate finance, the experience of the Forest Carbon Partnership Facility (FCPF) calls its competence into question.
