World Bank, UN Program to Offer Panama 8.9 mln USD
Panama will receive 8.9 million U.S. dollars from the World Bank and a UN emission-cut program to mitigate the impact of climate change in the country, the National Environmental Authority said Monday.
Indonesia’s Corruption Legacy Clouds a Forest Protection Plan
Flying over the Indonesian half of the island of New Guinea, rainforest stretches like a sea of green, broken only by rugged mountain ranges and winding rivers. The verdant canopy shows little sign of human influence. But as you near Jayapura, the provincial capital of Papua, the tree cover becomes patchier — a sign of logging — and red scars from mining appear before giving way to the monotonous dark green of oil palm plantations and, finally, grasslands and urban areas.
Billions have been pledged to fund schemes that slow climate change by saving trees and reducing greenhouse gas emissions from deforestation and forest degradation (REDD), but the private sector won’t come on board in a big way unless forest carbon starts to behave more like established commodity forward markets, argues a new discussion paper unveiled in Cancun.
Developing Social and Environmental Safeguards for REDD+
Reduced Emissions from Deforestation and Forest Degradation (REDD) mechanisms are one of the best short term alternatives for significantly reducing green house gas emissions, thus contributing to minimize the impacts of global climate changes.
Forest carbon payments – payments for restoring or planting forest, or for preventing forest degradation or deforestation – can help to prevent and reverse forest loss.
