The latest on land use, livelihoods and environmental services in the tropical forest margins.
The World Bank has signed in Kinshasa an Emission Reductions Purchase Agreement with Congolese firm Novacel, the first of its kind in the West African country.
The World Bank will buy 500,000 tons of carbon credits from a forest project replanting about 4,120 hectares destroyed by deforestation in the Democratic Republic of Congo.
Read the whole article: World Bank to buy carbon credit from Congo project | Green Business | Reuters.
The Ecosystems Marketplace’s recently launched ForestCarbonPortal.com is calling on project developers to submit information to the Forest Carbon Inventory, which tracks terrestrial carbon markets. The Inventory also maps projects selling land-based carbon credits across the globe, and makes it possible for users to search for project sites by region, as well as by a variety of criteria such as project type, standard, registry, and credit prices.
Katherine Hamilton, Managing Director at Ecosystem Marketplace, wants the inventory to be “a dynamic list of active projects”.
If you would like to see your project showcased on the Forest Carbon Inventory map, or if your project is already on display and you have any corrections or additions, please contact Maria Bendana: mbendana(at)forest-trends.org.
What kind of non-market spending is needed to pave the way to REDD’s entrance to the carbon market – and how should it be done?
The Katoomba Group’s Ecosystem Marketplace has published an overview of the different REDD funds, which are targetted to developing countries to help them get ready for selling avoided deforestation credits on the market. These funds are targetted at capacity building, demonstration activities, and demonstrating the upside.
The ASB Partnership is engaging with many of these funds to support its activities across the tropics, which include carbon measurement, economic (opportunity cost) analysis, negotiation support and training of developing country implementers and policymakers.
At the UN Climate Change Conference, World Agroforestry Centre Scientists Argue That Existing Technology to Effectively Monitor Carbon Storage in Developing Country Landscapes Could Save More Carbon Than Closing 1400 Coal-Burning Power Plants
NAIROBI (26 November 2008)—Carbon credit politics and misplaced technical concerns are impeding efforts to encourage sustainable land use practices in tropical regions—such as better forest management and growing more trees on farms—that could curtail up to 20 percent of global greenhouse gas emissions while also boosting incomes of the rural poor, according to a new analysis by the Nairobi-based World Agroforestry Centre.
“If we want to reduce greenhouse gas emissions as quickly and effectively as possible, we need to do everything we can to encourage the people living in and around the world’s tropical forests to adopt carbon-saving and carbon-enhancing approaches to development,” said Dennis Garrity, Director General of the World Agroforestry Centre, one of 15 centres supported by the Consultative Group for International Agricultural Research (CGIAR). “One crucial way to do that is to give them the same opportunities to sell their carbon as a commodity in the global market as is encouraged in other sectors.”
The analysis will be presented in Poznán, Poland at the influential Conference of the Parties (COP 14), an international gathering of experts working to ensure that the UN Framework Convention on Climate Change (UNFCCC) effectively and fairly discourages activities that boost harmful emissions, while encouraging carbon-saving approaches to development that could halt or at least slow global warming. (more…)