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Forest carbon

Issue date: 
July 2, 2009

Brazil still against REDD - but not against fighting deforestation...

While committed to stopping deforestation, Brazil sees a carbon trading scheme as the wrong way to proceed. On climate change mitigation, it wants commitments to reflect historic emissions.A scheme that would allow developed nations to gain carbon credits by supporting forest conservation is on the agenda of the UN conference in Copenhagen this December, but the home country of the Amazon, the world’s largest forest, now turns its thumb down.

Fighting climate change might cost 300 billion USD a year from 2020

De Boer: Fighting climate change will cost a "phenomenal amount of money - 300 billion dollars a year from 2020. That is the cost for reducing greenhouse gas emissions and adapting to impacts from the changing climate, estimates the UN climate chief Yvo de Boer.

Prince Charles Gives $2.8b To Preserve Rain Forests

Karanganyar, Central Java. Britain’s Prince Charles has set aside 2 billion euros ($2.8 billion) to help Indonesia and other developing countries preserve their rain forests, State Minister for the Environment Rachmat Witoelar said on Thursday.

Just think about forests and carbon markets...

How much pollution can a tree absorb? The question is at the center of a high-stakes fight over how much it will cost to curb climate change -- and who will foot the bill.

Trees are nature's antidote to smokestacks and tailpipes. Factories and cars cough out carbon dioxide, a greenhouse gas produced when fossil fuel is burned. Trees inhale it. They store the carbon in their roots, trunks and leaves, and they send the oxygen back into the air.

Voluntary carbon markets - be advised to carefully choose your credits!

PORT MORESBY, Jul 30, 2009 (AsiaPulse via COMTEX) -- The pristine forests of Papua New Guinea could be worth billions of dollars a year in carbon trading but potentially lucrative projects are on hold amid court orders and a government investigation.

Carbon Cap and Trade - green gambling?

You've heard of credit default swaps and subprime mortgages. Are carbon default swaps and subprime offsets next? If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor. And if Washington doesn't get the rules right, it will be vulnerable to speculation and manipulation by the very same players who brought us the financial meltdown.

Waxman-Markey: How US lobbying works

 

July 14, 2009: The landmark American Clean Energy and Security Act of 2009 that narrowly passed through Congress on June 26 has come under fire by environmental critics who see the pared down measure as too little, too late. Originally proposed by Reps. Henry Waxman (D-CA) and Edward Markey (D-MA), the bill went through the wringer on the Hill, coming out with a number of amendments and omissions.

UK: Woodland creation part of national Low Carbon transition strategy

July 15, 2009: The UK has released its Low Carbon Transition Plan. The Plan plots out how the UK will meet the cut in emissions set out in the budget of 34% on 1990 levels by 2020.

Issue date: 
Jun 29, 2009

Historical background of REDD

June 29, 2009: A New Idea to Save Tropical Forests Takes Flight and then in 2005, a small group of countries changed everything. Papua New Guinea teamed up with Costa Rica and a handful of other countries to make a formal plea to the United Nations.

World Bank approves first REDD r-Plans

June 30, 2009: The World Bank has approved the readiness plans (R-Plans) for Guyana and Panama, opening the way for both countries to tap grants of up to US$3.6 million for preserving their forests.

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by Dr. Radut