Trees planted in China to neutralize carbon emissions of UN conference
Shanxi, Dec. 28, 2010 (Xinhua News Agency) -- A newly planted forest will neutralize carbon dioxide emissions from a UN climate change conference as China ups its efforts to combat climate change, an official said here Tuesday.
Forest carbon payments – payments for restoring or planting forest, or for preventing forest degradation or deforestation – can help to prevent and reverse forest loss.
A binding deal on the REDD+ scheme to conserve the world’s forests has never been so close. How to finance REDD+ is still under debate, but experts in Cancun have reiterated that a combination of financing mechanisms will be needed to ensure adequate REDD+ funding.
A major Japanese bank has come back for a second helping of New Zealand forestry credits. The deal, finalised last week, is being seen as a positive step in the developing international market for New Zealand’s forestry credits.
Africa’s first significant CDM forest carbon project has attracted a price of $US4 per tonne in temporary CER (tCER) carbon credits, according to a media report. The World Bank will buy the credits for half the carbon stored up to 2017 from an Ethiopian forestry project, the Humbo Assisted Natural Regeneration Project.
MISSOULA, Mont. - U.S. forests offset roughly 11 percent of the nation's industrial greenhouse gas emissions, storing "significant amounts" of carbon that would otherwise pollute the atmosphere, according to new government data.
A modelling study on the effects of differing land use policies on forests has found that placing a carbon price on emissions are needed to protect forest cover. The lack of a carbon price on land-use emissions is likely to lead to significant deforestation for the purpose of bio-energy crop production this century, it says.
