German insurance giant Allianz has invested an undisclosed sum in Wildlife Works Carbon, a US-based developer of projects that reduce emissions from deforestation and forest degradation (REDD).
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A surge in activity around projects that reduce emissions from deforestation and forest degradation (REDD) has helped boost the value of the forest carbon markets – despite lingering uncertainty about their future, according to a survey.
Ecuador’s participation in the global carbon market has generated complications in indigenous peoples and Afro-Ecuadorian communities, which have not only seen cutbacks in their rights to use land for ancestral activities, but whose organizations have also undergone fracturing due to the government...
How much is a forest worth? A newly evolving policy mechanism, supported by the United Nations Framework Convention on Climate Change, is beginning to put a price on one ecosystem service that we tend to forget about in large tracts of forest land — carbon uptake...
This second annual State of the Forest Carbon Markets tracks, reports, and analyzes trends in global transactions of emissions reductions generated from forest carbon projects. The data and analysis that follow cover forest carbon activity in compliance carbon markets as well as voluntary carbon...
IBI, Democratic Republic of Congo (AlertNet) - A Congolese businessman has become the first private investor in Africa to win approval to sell carbon credits earned from restoring tropical rainforest on the Kyoto Protocol’s carbon market. Olivier Mushiete's carbon-sink project, which is backed by...
In May, Jia Zhibang of the State Forestry Bureau said that China also hoping to increase the forest carbon sinks up to 416 million tons of Carbon by 2020. With China’s emphasis on the development of forestry and forestry in tackling global climate change, highlights the role of “forest carbon...
This Forest Peoples Programme (FPP) and FERN report exposes ongoing serious problems in the World Bank’s forest carbon fund, which is still failing to uphold the rights of forest peoples. Read the report here...
A proposal by Norway and Australia to finalise a new international climate framework by 2015 has been welcomed by market participants as a “realistic” proposal. “People have to be realistic,” said Martijn Wilder, a Sydney-based partner with law firm Baker & McKenzie. “It’s a recognition that we...
ROTTERDAM, THE NETHERLANDS (September 22, 2011) - Soon after registration of the first tropical Improved Forest Management project in threatened Orangutan habitat in Sabah, Borneo, Face the Future has registered yet another” first” of its kind forestry project under the Verified Carbon Standard...
This report provides insight into Ghanaian statutory and case law and its potential implications for REDD+.
Norway has released US$1.1M to Guyana outside of the Guyana REDD+ Investment Fund (GRIF) – the agreed mechanism for the disbursement of funds under the two countries forests’ agreement – in order to enable Guyana to meet its contractual obligations under the partnership. The funds represent interim...
The European Union is overestimating the reductions in greenhouse gas emissions achieved through reliance on biofuels as a result of a “serious accounting error,” according to a draft opinion by an influential committee of 19 scientists and academics.
In June, the Bank released its annual States and Trends of the Carbon Market report, which revealed that the market for carbon credits has declined for the first time, with $1.5 billion of credits traded last year, the lowest amount since 2005. Andrew Steer, the Bank’s special envoy on climate...
The report, funded by the Department of Climate Change and Energy Efficiency, the Bureau of Meteorology and CSIRO, has also found deforestation emits more carbon emissions than previously thought—a staggering 2.9 billion tonnes of CO2 per year The report’s authors suggested the world’s carbon...
Global Witness has contracted LTS to identify the main risks in REDD financial flows (from both public and private sources) from international to local level, and to propose appropriate financial audit mechanisms and safeguards to mitigate these risks. LTS will review existing funding mechanisms,...
A hybrid mechanism, in which tradable credits can be issued directly to forest carbon projects, as well as to national governments, is the clear preference of the private finance sector for rewarding projects that reduce deforestation and forest degradation (REDD+), according to a report from the...
Estimating Reference Emission Level and Project Emission Level for REDD Projects in Tropical Forests
The REDD scheme of the United Nations Framework Convention on Climate Change is a carbon-based compensation for projects that resulted in reducing carbon emissions or enhancing carbon sinks or both in tropical forests. However, estimating such emissions and sinks remains challenging, and thus...
The world has eagerly watched as Indonesia pilots public and private investments to curb the country’s massive forest losses while still meeting economic development goals. But conflicting interests between the nation’s leadership turned ugly last month when a leading forest conservation project...
This paper argues in favor of the ownership by indigenous peoples and local communities of carbon in forests and trees and that such ownership could be the basis of social accountability that should be mainstreamed in implementing what is popularly known as the REDD-Plus mechanism.