Forest carbon

After nearly two years of developed countries discussing different options for rule changes for this sector, and not getting much farther than more clearly articulating the options that suit each country best, G77 and China said enough is enough and drew a line in the sand:

As part of the programme for reducing emissions from deforestation and forest degradation (REDD, see Update 57), Guyana, Panama and Indonesia submitted readiness pr

Germany has apparently agreed to fund a significant portion of Ecuador's scheme to leave Amazon rainforest oil reserves in the ground, according to Business Green.

The dispute between the US and Europe is over the way national carbon reduction targets would be counted. Europe has been pushing to retain structures and systems set up under the Kyoto protocol, the existing global treaty on climate change. US negotiators have told European counterparts that the Obama administration intends to sweep away almost all of the Kyoto architecture and replace it with a system of its own design.

Mark Tercek left Goldman Sachs after a long and successful career midway through 2008, just before the global financial meltdown. Good timing, except that Tercek moved on to become the president and CEO of The Nature Conservancy, the world’s biggest environmental organization, as  the global climate crisis is intensifying.