Australian developers renew push to earn carbon credits from killing camels
Australian firm RegenCo is lobbying the environment ministry to issue carbon credits for culling feral camels as part of a strategy to manage the country’s large population, which experts say is responsible for significant greenhouse gas emissions.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Should forest offsets be eligible for CORSIA?
When operating details of the Kyoto Protocol’s CDM were negotiated from 2001-03, many voiced concerns about forest carbon credits and their high risk of reversals, potential to displace emissions, and the difficulties in accurately quantifying emission reductions. Nearly two decades on, it is worthwhile to reconsider the question of whether or not forest mitigation could be ready for carbon markets. The question is back on the table as ICAO sets up a scheme for reducing emissions from international air travel.
Read MoreECOSYSTEM MARKETPLACE: Shades of REDD+ Nesting – A good or bad piece of Swiss cheese?
There was a time when people thought that forests were the low-hanging fruit of the climate challenge, and that reducing emissions from deforestation was fast, easy, and cheap. No one thinks that anymore.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Bridging the National vs Project Divide
Efforts to reduce tropical deforestation are divided into two separate worlds: One that believes that governments need to lead any effort on reducing emissions from deforestation and degradation (REDD+), and one that sees a role for private carbon projects. We must unify these worlds to increase the chances to curb deforestation.
Read MoreECOSYSTEM MARKETPLACE: Will small forest owners finally be able to tap carbon markets?
The Wong family of Peru amassed a fortune building up a chain of supermarkets, but much of their wealth today is in real estate – including the 220,000-hectare (543,400-acre) Madeacre forestry concession that family’s late patriarch, Erasmo Wong, cobbled together in the province of Tahuamanu.
Read MoreCOMMENT: Taxing carbon at the EU border? Only if free pollution permits go
As part of her “European Green Deal”, incoming EU Commission President Ursula von der Leyen has promised to introduce a carbon border tax to “ensure that European companies can compete on a level playing field”. This is a new wind coming from the executive branch of the European Union and it remains uncertain how von der Leyen plans to turn the idea of a carbon border tax into practice.
Read MoreCOMMENT: Carbon markets in Pakistan – Can the myth be turned into a reality?
A carbon pricing instrument could support Pakistan reducing its greenhouse gas emissions and set the country into a lower-emissions pathway. However, carbon pricing cannot be seen in isolation, as an end in itself, and therefore it is important to ensure such approach is aligned with national priorities and that it can support and reinforce other existing policies, UNFCCC carbon pricing consultant Syeda Hadika Jamshaid argues in this op-ed.
Read MoreECOSYSTEM MARKETPLACE: Understanding Elizabeth Warren’s Climate Change Risk Disclosure Act
The Green New Deal has been the focal point of the climate debate among the Democratic presidential candidates. Less publicized is the Climate Risk Disclosure Act, a proposal from Senator and presidential contender Elizabeth Warren, that seeks to frame climate change as a threat to the public markets.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Can Oil and Aviation Fuel a Marshall Plan for Forests?
Deforestation is increasing around the world, and we need a Marshall Plan for Forests. But who will fund it? In this installment of the series “Shades of REDD+”, we look at two sectors that may soon comprise the largest source of demand for forest carbon credits. Both can be part of the solution, but only if key criteria are met.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: A Marshall Plan for Tropical Forests?
Farming and forestry account for nearly a quarter of all the greenhouse gas emissions generated by man, and deforestation of tropical forests accounts for half of this. To end deforestation, we must find solutions to make conservation of forests financially viable, and REDD+ is a key part of that.
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