Last month, the second edition of State of the Forest Carbon Markets,was released. All in all, the report painted a positive picture for the forest carbon markets: the volumes, transaction value and average prices in 2010 were all up on the previous year at, respectively, 30.1MtCO2e, $178 million and $5.50/tCO2e. Notably, REDD based transactions dominated the total [...]

Indonesia’s flagship Rimba Raya REDD project was registered this year under one of the Voluntary Carbon Standard’s REDD methodologies, aiming to preserve “91,215 hectares of tropical peat swamp forest,” equivalent to an emissions reduction of 104,886,254 tonnes of CO2e over the crediting period of 30 years, according to the registration documents. The project has long been an [...]

As already discussed on Climatico, using REDD+ as a private sector offsetting mechanism runs the risk of creating perverse incentives, exposing land to market price volatility and causing supply-induced price suppression. However, for the purposes of a deeper exploration into the market-related issues of REDD+, let’s assume these problems are solved and that forest carbon [...]

As the number of public sector financial mechanisms targeting REDD+ has increased, and consequently the volume of money flowing in to REDD+, observers are increasingly pointing out that the public sector alone cannot supply the huge sums of money needed to combat deforestation. The private sector is thus needed to share the cost and supply [...]

Author: Adeline Dontenville It all started quite optimistically for environmentally-concerned observers of today’s G20 summit. Indeed, Ed Miliband, UK Secretary of State for Energy and Climate Change, surprised the media by organising a press conference in the early afternoon. Media were not expecting any specific briefing on issues at the summit, especially not on climate change, [...]

The UK’s Secretary of State for Energy and Climate Change, Ed Milliband, addressed  the UN Conference of Parties (COP) here in Poznan today, delivering the UK’s ministerial statement on climate change. Echoing sentiments of Gordon Brown and other EU member states over the last week in Brussels, he stressed that the UK must overcome the [...]