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.
The Multi-Stakeholder Forestry Programme is the product of the first multistakeholder design process to be undertaken in Nepal’s forestry sector. The Programme will build on the achievements of over 20 years of forestry work of the Government of Nepal supported by the UK, Switzerland and Finland. The Programme is designed for 10 years and to be implemented in two phases. NRs 4.45 billion has been agreed as joint grant funding assistance by these three donors for an initial 4 years.
ONE of the country's largest natural forest reserve, Masito-Ugalla in Kigoma rural district which is threatened by charcoal and timber traders exporting to neighbouring countries, is not legally protected and now Ministry of Natural Resources and Tourism is seeking to gazette it.
Malaysia is believed to have lost between RM800mil and RM900mil a year to illegal logging, said Transparency International-Malaysia (TI-M) president Datuk Paul Low.
Saying this was the estimated worth of illegal logs going out of the country, Low added that he believed illegal logging was still “pretty much under control” in Peninsular Malaysia and that more attention needed to be paid to Sabah and Sarawak.
Following the results of 2011, Ilim Group was acknowledged as the leader of forest management certification. The respective Proof of Leadership was awarded to Ilim Group by the Russian Branch of the Forest Stewardship Council (FSC). Therefore Ilim Group has proved once again its leadership in forest management certification in Russia. As a reminder, all forest areas leased by Ilim Group, which is over 5.16 million hectares, have been certified by FSC. The Company’s share accounts for 18.4% of all certified forests in Russia.
Early next month, the Obama administration will finalize important and long overdue rules for the management of 155 national forests covering nearly 200 million acres. The rules will guide individual forest managers as they decide which parts of the forest can safely be opened to logging, mining and recreation, and which parts must be set aside to protect wildlife and the health of the forest.
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: In what could bring cheers to environmentalists, Prime Minister Manmohan Singh today said the country's forest cover has increased by nearly five per cent between 1997 and 2007.
"I am happy to state that India's forest cover had increased by nearly 5 percent between 1997 and 2007 with a small decrease since then.
Policymakers looking to reduce deforestation in their countries have the right tools to do so today, but without a solid foundation in good governance and consistent policies, they will not be successful, said a prominent policy expert.
