Programs for Climate Action get underway with $400 m for forests and $300 m for renewables
New Delhi: A $100 million pledge from the Government of Japan has helped to secure the funding base and launch the operational phase of two new climate programs supporting forest management and renewable energy investments in developing countries.
IMF Proposes "Green Fund" for Climate Change Financing
The world must adopt a low-carbon model for growth as it rebuilds from the global economic crisis, Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, said at the World Economic Forum in Davos.
Strauss-Kahn proposes “Green Fund” to help finance shift to low-carbon world
Says IMF to release proposals in a few weeks
Fund could be created partly through issuance of IMF’s special drawing rights (SDRs)
ECO2 Forests to Acquire Controlling Interest in Forest Guard Inc. Projects
ECO2 Forests Inc. (PINKSHEETS: ECOF), announced today that it has entered into an agreement to acquire controlling interest in certain projects of Forest Guard Inc., a privately held company specializing in for profit Avoided Deforestation projects.
The European Delegation in Ghana is working with the Ministry of Forestry and Natural Resources to curb the importation of illegally logged timber from the country to the European market.
Canada: Forestry industry must diversify, capitalize on demand for green energy
MONTREAL - The federal government can help rescue Canada's battered forestry industry and thousands of jobs by providing $1.5 billion in funds to encourage diversification to new eco-friendly uses such as biochemicals and bio energy, says a new study released Monday.
CJSC North-West Group of Companies finished works on construction of pellet mill worth 300 mln RUR (€ 7.14 mln) in Podporozhye (Leningrad region) with Anritz (Denmark), BRUKS (Germany) and Komforts (Latvia) machinery installed.
The need for an effective and low cost forest and biodiversity restoration and rehabilitation methods is now highlighted in the face of climate change and the global phenomenon of rapid loss of forests and biodiversity. An estimated 850 million hectares of degraded forests exist globally.
It is possible that the environmental challenge in Africa that will have the biggest impact on the rest of the world is the degradation of the Congo Basin rainforest. According to Nobel Laureate Wangari Maathai, in her 2009 book
International Paper Puts $2 Billion on Its Black Liquor Tab
Studying the fine print of tax legislation helped International Paper earn more than $2 billion last year in black liquor credits from the federal government.
