A number of issues still need to be resolved, but the scheme on reduced emissions from deforestation and degradation (REDD) is likely to make progress at the climate conference, says the chairman of the REDD talks within the UN climate negotiations. The potential is an agreement on a carbon trading scheme worth billions of dollars a year from 2013.
"I think it's a foregone conclusion that REDD will be part of the new agreement. Ironically it's actually the most advanced now," says Tony La Vina, chair of the REDD negotiations, to Reuters.
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.
EU accused of risking Copenhagen climate talks with stance on aid funding
Confidential papers reveal Europeans want assistance for poorer countries to come from existing cash pot. The EU was accused of threatening the global climate talks last night after confidential papers showed it wants existing overseas aid funding to be used to help poor countries adapt to global warming, not new and additional funds.
