The Community Carbon Accounting (CCA) Action Research Project was launched with the intention of elaborating approaches for engaging communities in forest carbon stock monitoring.
A new insurance product has been launched to cover private equity fund investments in Africa and other emerging markets against political risk.
The political risk insurance has been developed by Overseas Private Investment Company (OPIC), the US government’s development finance institution.
It aims at shielding investors from the political uncertainty that characterises doing business in the emerging markets and damages arising from violence related to political activity.
International negotiators are closing in on a new solution for combating climate change — and saving the world’s remaining forests.
Some 20 percent of all greenhouse-gas emissions now come from deforestation, especially in the lush, green band of tropical rainforest that circles the earth.
That is more than from global transport.
So representatives from member states involved in UN climate negotiations are attempting to hammer out a way to make it more profitable to protect forests than destroy them.
NEW DELHI: Environment minister Jayanthi Natarajan has asked the Comptroller and Auditor General to review the spending of the funds of the Compensatory Afforestation Fund Management and Planning Authority (CAMPA). The move is an effort to ensure transparency in implementation of the compensatory afforestation and sustainable forestry programme.
Global Environment Fund, a U.S. private-equity firm with $1 billion under management, completed the closing of a $160 million fund for sustainable forestry in sub-Saharan Africa.
The GEF Africa Sustainable Forestry Fund, ahead of its $150 million target, will invest $15-$30 million in existing and new plantations or natural-forest concessions, Chevy Chase, Maryland-based GEF said today in a statement.
Some of our clients will remember that The CarbonNeutral Company started business in 1997 trading as Future Forests, and will know that our services have always recognised the central role played by ecosystems in maintaining a stable climate. Planting and protecting forests makes perfect sense because “trees suck up carbon dioxide and turn it into wood and oxygen”. However, 15 to 20 per cent of global carbon emissions still arise from deforestation.
(Reuters) - The World Bank's carbon finance initiatives will likely be needed for at least five years, as the United Nations struggles to create a self-sufficient, international carbon market, the manager of the bank's carbon finance unit told Reuters.
Dar es Salaam. The funds for implementation of projects on Reduced Emissions from Deforestation and Forest Degradation (REDD) are flowing to developing countries from some developed countries on voluntary basis alone, lacking legally binding framework agreed internationally, it has been learnt.
This makes it difficult to force rich countries pay for environmental conservation efforts as agreed under various international agreements.
Norway will spend NOK 1.8 billion ($300 million) a year to devise ways to help some of the world's poorest people get better access to energy and to develop a new market-based system to limit emissions from global energy production, a foreign ministry official said Wednesday.
The Nordic nation expects to launch a plan by June that will see several richer states give money to nine poor countries to invest in new and more efficient power plants.
Climate Focus led a team of experts to analyze opportunities for involving the private sector in the generation of REDD+ credits for the UK Department for International Development (DFID).
