PARIS: Schemes to convert croplands, or marginal lands, to forests will make almost no inroads on global warming this century, a new scientific study says. Afforestation is being encouraged under the UN's Kyoto Protocol on the theory forests are ''sinks'' that soak up carbon dioxide from the air...
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California's largest utility promises its customers green salvation through its ClimateSmart program. For every bit of energy a Pacific Gas & Electric ratepayer uses - from turning on a vacuum cleaner to powering up a computer or heating up an oven - a little part of a tree or forest is...
As developing countries and civil society groups continue to warn against World Bank influence in the design and management of the new Green Climate Fund (GCF), further criticism is emerging of existing Bank climate initiatives.
Carbon credits from projects to halt deforestation can achieve “premium prices” compared with other types of voluntary offsets as demand is set to quadruple in the next three years, according to CF Partners.
Manila (Philippine Daily Inquirer/ANN) - A breakthrough for the environment sector of the Philippines has recently come in the form of a local reforestation and agroforestry project that gained international recognition for providing "real, additional and permanent greenhouse gas emissions."
BONN, Germany, June 7, 2011 (ENS) - Delegates from 183 countries got down to business at a United Nations preparatory climate change conference in Bonn today. For the next 11 days they will work towards a draft agreement on limiting greenhouse gas emissions that can serve as the basis of...
Bonn, Germany – On Monday, a two-week long round of UN climate negotiations, lasting from June 6 to June 17, 2011, kicked off in Bonn, Germany. The talks will prepare for the way for the COP 17, which takes place November 28, 2011 to December 9, 2011 in Durban, South Africa. Over 3000...
The Nature Conservancy of Canada is receiving more than $4-million in what it says is the largest forest carbon project to date in North America and the first deal of its kind in Canada. The land conservancy organization announced in Vancouver Wednesday that it has sold carbon credits that are...
The World Bank’s Prototype Carbon Fund extended an agreement until as late as 2023 to help govern the syndicate including six governments and 16 companies.
Conserving forests as a means for countries to meet climate change targets is crucial to Africa’s participation in the world’s carbon markets, said Envirotrade Carbon Ltd.
World Bank Releases 2011 "State and Trends of the Carbon Market" Report Barcelona, June 1, 2011 (MMD Newswire) June 1, 2011 - - The World Bank's annual review of the global carbon market shows that 2010 was a watershed year as the market ended five years of robust growth with a slight decline...
The international market in carbon credits has suffered an almost total collapse, with only $1.5bn (£916m) of credits traded last year - the lowest since the market opened in 2005, according to a report from the World Bank.
(Reuters) - The world will again fall short of a full climate deal this year, after two past attempts, say developed countries which want a narrower focus on forests and funds at resumed U.N. talks in Germany next week.
At an Environmental Finance conference this month, financers signalled strong interest to invest in forest carbon projects. Given that imminent investment is needed, how close are we to a framework that propels financers to back forestry? For the second year running, key actors from the finance...
For five years, Forest Trends’ Ecosystem Marketplace and Bloomberg New Energy Finance have published the State of the Voluntary Carbon Markets Reports to shed light on trading volumes, credit prices, project types, locations, and the motivations of buyers in this market. Every year’s marketplace...
The voluntary carbon market climbed to record volumes of emissions reductions last year, bouncing back from worldwide recession on the back of corporate social responsibility demand and the rise of forest-based offset supply. This picture emerges from the State and Trends of the Voluntary Carbon...
Tropical forests across Latin America, Africa, and Southeast Asia stored 247 gigatons of carbon — more than 30 years' worth of current emissions from fossil fuels use — in the early 2000s, according to a comprehensive assessment of the world's carbon stocks.