Forest carbon

REDD (the deforestation issue) continues to be in pretty good shape and move forward – to the surprise and pleasure of all.

COPENHAGEN — France clashed with other EU nations Thursday over how to calculate carbon emissions absorbed and emitted by forests, a key component of a climate deal (called LULUCF - Land use, Land use change and Forestry) being hammered out at UN talks in Copenhagen.

There is a myth about REDD funds, it tells about a lot of funds for many countries.

The PNG Forest Industries Association recently released a comprehensive report on the economic importance of land use in the country.

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.