Archive for August, 2008

Climate change aid bitter-sweet for Guyana says president
Caribbean Net News | 1 August 2008

GUYANA: Guyana’s President Bharrat Jagdeo says he is pleased that Guyana is among 14 countries selected for financial aid for combating tropical deforestation and climate change from an initial US$82 million partnership. Guyana will receive the funding from the Forest Carbon Partnership Facility (FCPF), which is aimed at reducing deforestation and forest degradation by compensating developing countries for greenhouse gas emission reductions. However, the Guyanese leader expresses dissatisfaction with the mechanism through which these payments will be effected.

“I’m arguing that it should change. It’s a clean development mechanism and I’m arguing that this should be changed to a market-based mechanism especially to trade carbon and carbon dioxide from forest, that is, sequestered through tropical rain forests.” — Bharrat Jagdeo, President of Guyana

He argued that the forests produce the same type of service to the rest of the world and he did not understand why they should be treated any differently.

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RI resumes tree-planting drive to absorb more carbon
Antara News | 25 July 2008

INDONESIA: Indonesia will continue its tree planting drive in order to recover its damaged forests, re-green its denuded land areas and help reduce global warming by providing homes for billions of tons of carbon sink. President Susilo Bambang Yudhoyono –who launched a nation-wide program to plant 79 million trees late last year– is expected to announce another drive to plant 100 million threes across the country next November.

“Indonesia will have an additional potential to absorb 2.4 million tons of carbon if the government is successful in its efforts to mobilize the people to plant 100 million trees by the end of 2008.” — Indonesian Forestry Minister, MS Kaban

Kaban said that besides the additional carbon absorption potential from the 100 million trees, Indonesia also had other potentials to absorb billions tons of carbon. The 100 million trees, to be planted on 100,000 hectares– is worth about US$12 million on the assumption that each hectare could absorb 24 tons of carbon at the price of US$5 per ton, the minister said. Indonesia which has 120.3 million hectares of forests is designating 37.5 million hectares of its forests to serve as a carbon sink in the global REDD project.

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New plan would pay tropical countries for saving forests, regardless of level of threat
MongaBay | 24 July 2008

BRAZIL: Deforestation and forest degradation account for around a fifth of global carbon emissions from human activities, but new policy measures are focusing reducing such emissions as a cost-effective way to fight global warming. While the concept of REDD has found wide support, there are lingering concerns over how to compensate countries that have extensive forest cover and low rates of annual forest loss, since payments are based on historical deforestation rates. A new proposal seeks to get around this issue by factoring in all the terrestrial carbon in a tropical landscape — regardless of level of threat it faces — and packaging it as a tradable commodity. The concept is presented in a paper by the Terrestrial Carbon Group, a group of scientists, economists and public policy experts. The paper, “How to Include Terrestrial Carbon in Developing Nations in the Overall Climate Change Solution“, lays out a series of “guiding principles” for action to address emissions from terrestrial carbon sources.

“The Terrestrial Carbon Group’s paper recognizes that over the coming decades, vegetated land in developing nations will be increasingly threatened with conversion to agricultural and plantation use, and to human settlements and infrastructure. This will cause greenhouse gas emissions, underscoring the ongoing importance of terrestrial carbon in the climate change solution.” — Terrestrial Carbon Group

According to the media release, “both market and non-market approaches to terrestrial carbon and climate change are necessary. Within that context, the Terrestrial Carbon Group proposes a market-based system that includes all the components that would need to be agreed at an international level (whether bilateral, multilateral or global).

“Nations would determine national and sub-national implementation systems targeted to their specific circumstances. The proposed system is as simple as possible and has two purposes: (i) to allow the international trading (whether bilateral, multilateral, or global) of carbon credits based on the maintenance and creation of terrestrial carbon, and (ii) to guarantee that action under the system contributes to long-term climate change mitigation.”

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Download the TCG paper [pdf]…

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