* Credits to reduce deforestation and degradation (REDD) * Each is for a tonne of CO2 saved by unfelled forest * So far demand is only in a small, thin voluntary market By Valerie Volcovici, Point Carbon News WASHINGTON, July 24 - As U.N. talks keep failing to agree how to raise money to protect...
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A company that specialises in forestry carbon credit projects in Asia, the Pacific Islands and Australia has collapsed. First Growth Funds which describes itself as an Australian investment company and listed on the Australian Stock Exchange since December 1986, was placed in administration by its...
Seattle, WA, July 15, 2011 -- Australia’s Macquarie Group has announced that it has raised A$25 million for its range of new forest carbon projects in developing countries, which it is undertaking with the World Bank and Global Forest Partners LP. Forestry Research Associates (FRA), a research and...
With the heat turned up on the voluntary carbon market, Zoe Ryan blogs about the huge implications of the auditing process of the Danau Siawan peat swamp forest REDD project in Kalimantan…
Paper and packaging group Mondi aims to settle all its land restitution claims in KwaZulu-Natal over the next two years, with 33 claims still outstanding, CEO David Hathorn said on Thursday. “This will be done as funding becomes available from government,” he told Engineering News Online. About 50...
Graz, Austria, Jul 18, 2011 - International technology Group ANDRITZ has acquired Iggesund Tools International AB, headquartered in Iggesund, Sweden, including its subsidiaries in the USA, Canada, and other countries. The acquired companies have approximately 160 employees and generate annual sales...
Seattle, USA, Jul 18, 2011 - Global demand for wood fiber for both pulp manufacturing and renewable energy increased during 2010 and 2011.Worldwide trade of wood chips in 2010 was up 24 percent because of increased production of pulp and paper products worldwide; China showed the greatest growth in...
NORTH LAS VEGAS, Nev., USA, Jul 18, 2011 - The Forest Stewardship Council's public demonstration that it is the "gold-standard for responsible forest management" has been wrecked following the release of a bombshell report today by the Congress of Racial Equality (CORE), following the revelation of...
Helsinki, Finland, Jul 15, 2011 - Pöyry Plc has completed the acquisition of parts of the engineering consulting business of Vattenfall Power Consultant AB (see Company Announcement of April 14 2011). The business has been incorporated into a new company, SwedPower AB, in which Pöyry has 100 per...
PRESIDENT Bharrat Jagdeo has accused the partner financial institutions to the Guyana REDD Investment Fund (GRIF) of behaving as though the money Guyana earned through the Norway MOU is a grant that they’re tasked with disbursing through their usual mechanisms.
Located in southwest Uganda, the Kibale National Park (KNP) is one of the last remaining tropical forest blocks in the country. It harbours the greatest variety and concentration of primates found anywhere in East Africa and is home to at least 350 tree species. Despite the park’s ecological value...
Looking for a 270% return on investment over the next five years? Emergent Asset Management, a London hedge and private equity fund, says it has the perfect investment vehicle for you. Farmland in sub-Saharan Africa. (You’ll need €5 million to throw in if you’re an institution and €500,000 if you’...
President Bharrat Jagdeo continues to fret about the non-release of the Norway climate funds, and has decided to push ahead with the project to give Amerindians electricity using funds from the treasury. The solar panel project, which President Jagdeo yesterday said would cost US$2.5 million, was...
Government as part of its continued efforts to pursue the protection of its rainforest and to address issues relating to illegal activities within, inclusive of illegal gold mining united with Suriname and French Guiana to host a workshop. The workshop which saw various enforcement bodies being...
How can finance be mobilised to protect the world’s rainforests, in a climate of extreme policy uncertainty? Environmental Finance and Irbaris convened a panel of experts to try to find out. Mark Nicholls reports
Indigenous people like Uganda’s Bunyoro-Kitara tend to take good care of their land – and to lose big when someone else finds natural resources on it. Payments for ecosystem services (PES) offer a way to profit from good stewardship, but only if governments keep things clean. Unfortunately, that’...
PRESIDENT Bharrat Jagdeo has raised the issue of undisbursed climate change funds with Columbian President Juan Manuel Santos and Andris Piebalgs, the European Commissioner from Latvia, both of whom attended the 32nd CARICOM Heads of Government Conference in Basseterre, St. Kitts.
The UN’s flagship business initiative is being used as a tool to mask human rights abuses, according to Ayoreo Indians in Paraguay. Leaders of the tribe, some of whose members are still uncontacted, have written to the UN Global Compact saying they are ‘concerned and frustrated’ by the inclusion in...
New tools and the latest decision support technology for forest fire management will be timely for the first of 14 BNZ Tech Clinics at New Zealand Forest Industries 2011 in Rotorua in September. With predictions of a warm winter, September will see the summer fire season approaching, along with...
China’s total wood demand is anticipated to keep growing from 250 million m3 in 2010 to 350 million m3 by 2015 (a conservative projected growth rate of 8% per year), possibly moving as high as 450 million m3 by 2020.