A large fall in greenhouse gas emissions brought about by a reduction of industrial activity led by the economic crisis has put the EU on a fast track to meet its Kyoto commitments, but Austria, Denmark and Italy are falling behind, according to new figures.
The voluntary carbon market remains sluggish, hit hard by the global financial crisis and ongoing worldwide recession, but life is flickering in the forest carbon segment.
Voluntary carbon buyers are in the market but taking much longer to carry out their buying programmes knowing they are in a good position to hold out and squeeze prices down, says David Pontis, an emissions broker at Tullet Prebon. Organisations are still offsetting but the market appears to be 70 per cent sellers and 30 per cent buyers currently, Pontis said.
The CDM’s forest carbon rules surrounding eligibility of both land and activity type need to be reformed if the forest sector is going to make its contribution to the climate change mitigation effort, argues Dr Promode Kant of India’s Institute of Green Economy:
(Reuters) - A global market in forest carbon offsets under a U.N.-backed scheme will take three to seven years to develop in part because of the stalled U.S. climate bill, a top Indonesian forest investor said.
Carbon Conservation and APP Introduce the World’s First Pulpwood Plantation to Carbon Reserve REDD-Plus Initiative
AKARTA, Indonesia--(BUSINESS WIRE)--Indonesia will become home of the world’s first privately funded project turning pulpwood plantation concessions into a carbon reserve.
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
First forestry credits issued under Voluntary Carbon Standard
An "historic milestone" in the forestry carbon market was reached this week as the first carbon credits from a land-use project were verified and issued under the Voluntary Carbon Standard (VCS).
Forestry Minister Zulkifli Hasan said he saw no promising future for any deal regarding REDD ahead of the upcoming climate talks in Mexico, prompting his office to aim to forge voluntary pacts with rich nations.
Shift2Neutral partners with the Solomon Islands Carbon Project
Shift2Neutral will work closely with the Founder of the Solomon Islands Carbon Project, Mr Charles Stennett Kereau, to begin the key initiatives and drivers of the memorandum of agreement, in the protection of natural land and forest
Forestry gains momentum in voluntary carbon market
(Reuters) - Voluntary carbon market players could increase demand for carbon credits from the forestry sector after the first forestry investment was issued credits under an industry-backed standard last week.
