Climate change mitigation support to emerging or developing countries should be given by western industrialized (so called ANNEX I) countries. In Copenhagen leaders of the world have agreed to start some financing activities in the fields of climate change aid. Our bosses had been in the opinion that it would make sense to immediately start these financing activities and therefore called it “fast start funding” or “fast start financing of climate change mitigation”.
BNP Paribas and Wildlife Works Ink $50 million REDD Deal
LONDON | BNP Paribas Corporate & Investment Banking (BNP Paribas) has announced an agreement between its Commodity Derivatives business and Wildlife Works Carbon LLC, in which BNP Paribas will provide up to US$50 million in finance to combat tropical deforestation and climate change.
A broad proposal for how forest carbon projects could be allowed to operate within a future international REDD+ framework has been outlined in a new industry paper. In the paper, forest carbon project consultants Terra Global Capital attempts to show how individual REDD projects might able to generate tradable offsets compliant with emerging national and international mechanisms.
Innovative insurance solutions against rising costs of climate risks
Innovative insurance solutions hold the key to driving climate adaptation initiatives in the developing world and securing the development prospects of communities threatened by rising climate risks, says a new Swiss Re publication.
The Climate Group, and its partners, including the United Nations, the City of New York, and founding sponsor Swiss Re, kicked off Climate Week NYC yesterday.
THE DEPARTMENT of Environment and Natural Resources (DENR) has signed an agreement with German Technical Cooperation (Deutsche Gesellschaft fur Technische Zusammenarbeit, or GTZ) to improve forestry policies and implement Reducing Emissions from Deforestation and Forest Degradation (REDD) mea
Before briefly outlining potential links with wetlands in the negotiations on REDD in the Kyoto CDM-funded sense described in section 1 above, it should be noted that a number of voluntary carbon trading initiatives of relevance are also in existence.
LONDON (AlertNet) - With progress towards a U.N. climate deal lagging, financial institutions, donors and tropical forest countries are moving rapidly to set up their own systems to pay forest nations to preserve their trees as a means of curbing carbon emissions.
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