The Community Carbon Accounting (CCA) Action Research Project was launched with the intention of elaborating approaches for engaging communities in forest carbon stock monitoring.
Another major initiative to ensure that Guyana’s natural resources and wealth are sustainably harvested for the development of its present and future generations, the Community Monitoring, Reporting and Verification (C-MRV) Project that will have the involvement of 16 villages of the North Rupununi, was launched today in Annai, Region Nine. Monitoring, Reporting and Verification (MRV) is a key component of Guyana’s Readiness Preparation Proposal to the World Bank’s Forest Carbon Partnership Facility and it was done so that Government could have presented to the inter
A study published in Nature Climate Change this week measured both the biomass of different types of tropical forests and the emissions lost via deforestation, providing more accurate data than was previously available, according to lead author Alessandro Baccini. That’s important for creating confidence in nascent carbon markets.
The lush vegetation wrapping the center of the globe is one of the most important features for regulating a stable climate in the world. Much excess CO2 emissions from industrialized regions find their way to the equator to be absorbed by abundant CO2-consuming plant life. However, as large tracts of tropical rainforest are cut down in the Amazon, Congo, and Southeast Asia, worries have grown that this vital region may turn from a carbon sink to a carbon source. Those worries can be put at ease somewhat thanks to a recent study from the Woods Hole Research Center (WHRC).
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.
Firms that emit greenhouse gases but also want to help revitalize business in the Tohoku region following the Great East Japan Earthquake are being drawn to participate in a carbon dioxide offset trading scheme.
Named J-VER (Japan Verified Emission Reduction), the scheme is a type of carbon-offset program.
Under the scheme, entities practicing silviculture through thinning, planting and other means can enter a certification process to claim credits, depending on how much carbon dioxide their forests absorb.
Greenhouse gas emissions from biofuels such as palm oil, soybean and rapeseed are higher than those for fossil fuels when the effects of Indirect Land Use Change (ILUC) are counted, according to leaked EU data seen by EurActiv.
The default values assigned to the biofuels compare to those from Canada’s oil sands – also known as tar sands – according to the figures, which should be released along with long-awaited legislative proposals on biofuels in the spring.
What a year it’s been for those involved in carbon markets. A raft of new legislation, a jump followed by a dramatic drop-off in carbon pricing and then a slow-down in trading. The roller coaster ride has caused plenty of angst for those foresters, emitters and investors with an interest in carbon forestry. Carbon markets, both in Australasia and internationally, have changed dramatically in just 12 months.
International climate change negotiations at COP17 in Durban, December 2011 saw further developments on the proposed REDD+ mechanism to reduce forest-based emissions and enhance forest carbon sinks. A binding international REDD+ agreement and a larger climate change agreement will likely be many years in the making.
China has lowered the minimum price foreign companies must pay for Chinese carbon credits for the first time since 2008, but traders say the move is unlikely to have much impact as it will remain twice as high as current carbon prices. The National Development and Reform Commission (NDRC), the agency in charge of China’s participation in the international carbon market, has cut the floor price for Clean Development Mechanism (CDM) credits by 1 euro to 7 euros ($8.92) in response to EU and U.N. carbon prices hitting record lows, several sources told Point Carbon News.
