Forest carbon

While committed to stopping deforestation, Brazil sees a carbon trading scheme as the wrong way to proceed. On climate change mitigation, it wants commitments to reflect historic emissions.A scheme that would allow developed nations to gain carbon credits by supporting forest conservation is on the agenda of the UN conference in Copenhagen this December, but the home country of the Amazon, the world’s largest forest, now turns its thumb down.

Karanganyar, Central Java. Britain’s Prince Charles has set aside 2 billion euros ($2.8 billion) to help Indonesia and other developing countries preserve their rain forests, State Minister for the Environment Rachmat Witoelar said on Thursday.

PORT MORESBY, Jul 30, 2009 (AsiaPulse via COMTEX) -- The pristine forests of Papua New Guinea could be worth billions of dollars a year in carbon trading but potentially lucrative projects are on hold amid court orders and a government investigation.

July 14, 2009: The landmark American Clean Energy and Security Act of 2009 that narrowly passed through Congress on June 26 has come under fire by environmental critics who see the pared down measure as too little, too late. Originally proposed by Reps. Henry Waxman (D-CA) and Edward Markey (D-MA), the bill went through the wringer on the Hill, coming out with a number of amendments and omissions.

June 29, 2009: A New Idea to Save Tropical Forests Takes Flight and then in 2005, a small group of countries changed everything. Papua New Guinea teamed up with Costa Rica and a handful of other countries to make a formal plea to the United Nations.