EU Sells 3.5 Million EU Carbon Permits Below Market Price
The European Union sold 3.5 million prompt carbon emission permits at a lower price than bids on the open market, signaling lower demand for the allowances.
The UN climate talks in Doha, Qatar left key advocates red in the face due to the inability to agree on the verification of emission reductions required to advance implementation of REDD+.
It is estimated that bamboo forests and plantations cover 35 to 50 million hectares today, which translates into a significant amount of stored carbon.
A project that has reforested 3,000 hectares of previously barren land in China’s southwest Guangxi is issuing its first carbon credits under the Clean Development Mechanism.
Give land to farmers, and they will stop deforestation
Local residents who have been living together with the forests, considering the forests as their homes, still devastate the forests. It’s because they need land for agricultural production.
Why a project-based approach to REDD+ is inappropriate
It is certainly inappropriate to respond to the apparently slow pace of UNFCCC deliberations by proposing old-fashioned solutions that have been shown to be inadequate. For example, project-based approaches to forest problems have been demonstrated to be ineffective many times over.
