environment

By Elizabeth Kahurani

REDD+ could provide a huge financial boost to forest conservation plans in developing countries like the Philippines. A new study titled, Reducing emissions from deforestation and forest degradation plus (REDD+) in the Philippines: will it make a difference in financing forest development?  shows that if the country was to reduce the rate of forest degradation by 5 to 15% and at the same time increase reforestation rate by 1.5% annually, Philippines could approximately sequester up to 60million tonnes of carbon by 2030.

The carbon market holds promise to a multi-billion dollar business, and this has been a key motivation factor for many to engage in various carbon projects. While the monetary potential of the carbon market remains real, there is evidence that these initiatives could also lead to other sustainable benefits.

Last week, PRESA’s (Pro-poor Rewards for Environmental Services in Africa) work to give incentives to environmental stewards was awarded the title ‘Innovation of the Week’ by an article featured by the

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