Central America Has Highest Rate of Forest Loss in Region
FAO's State of the World’s Forests report says the average rate of loss of forest cover in Central America, which is made up of Belize, Costa Rica, El Salvador, Guatemala City, Honduras, Nicaragua and Panama, was 1.19 percent a year between 2000 and 2010, compared to a global rate of just 0.13 percent.
The region's forested area shrank from 21.9 million hectares in 2000 to 19.4 million hectares in 2010.
Timber REIT (FTR) Index of public timber REITs (Real Estate Investment Trusts)
has returned 24.10% year-to-date compared with 5.69% for the S&P 500 (as of February 11, 2011) reports Forisk consulting at their blog.
Clearing a backlog of credits and convincing small countries they can benefit from the UN's carbon offsetting scheme will be amongst the top priority as the Clean Development Mechanism's (CDM) executive board gathers in Bonn, Germany this week to discuss the future of the scheme.
Koryazhma Forestry Branch of Ilim Group Receives New Equipment
St. Petersburg, Russia, Feb 14, 2011 - In 2010, Ilim Group invested USD 19 million to purchase advanced harvesting and auxiliary equipment for the Company’s Forestry Branch in Koryazhma. The amount of investments is more than 10 times greater than in 2009.
Defra commits £100 million international forestry funding up to 2015
The Government has today committed £100 million to international forestry projects which provide specific benefits for biodiversity.
The money comes from the new international climate finance included in the Comprehensive Spending Review, which will include new money for the UK’s contribution to REDD+ (Reducing Emissions from Deforestation and Forest Degradation), a programme which aims to prevent the loss of forests in developing countries.
The consultation on the future management of the Public Forest Estate has been halted and all forestry clauses in the Public Bodies Bill will be removed, Environment Secretary Caroline Spelman confirmed today.
UXBRIDGE, Canada, Feb 3 (IPS) - Last year's severe drought in the Amazon will pump billions of tonnes of additional carbon dioxide (CO2) into the atmosphere, a new report has found.Researchers calculate that millions of trees died in 2010, which means the Amazon is soaking up much less CO2 from the atmosphere, and those dead trees will now release all the carbon they've accumulated over 300 or more years.
