Three developed countries have collaborated on a new project that will funnel money on a subnational level to REDD activities and promote a landscape level of forest management. Administered by the World Bank, this new initiative differs from previous World Bank funding in that it focuses on the jurisdictional level. It will begin with Ethiopia’s Oromia state.
The World Bank’s Forest Carbon Partnership Facility today approved the methodological framework for its Carbon Fund, setting the stage for the deployment of nearly $390 million to pilot performance-based conservation programs in the developing world.
Get ready for an end to the annual drama of year-end climate talks that start with optimism on forest carbon only to bog down in technical discussions that leave REDD language in limbo until it’s either rewritten in the closing days of the high-level segment or put on ice. It happened again in Warsaw, but this year’s late-session rewrite may have ended that particular drama forever.
Typhoon Haiyan recently provided a devastating reminder of the destructive power of hurricanes – a destructive power that the people of Monterrey, Mexico know all too well. That’s why they are building an investments in watershed services program designed to shield them from the worst forms of natural disaster destruction and also put a little water in the bank for dry days.
Subnational forestry pilot projects in several countries have demonstrated early success in implementing REDD, namely by securing the participation of local communities. However, these efforts are being threatened by the ongoing debate at the national and international levels on REDD+ policy and finance, which could force some promising projects to abandon the climate finance path if these issues remain unresolved.
At the COP19 climate talks in Warsaw, negotiators faced critical decisions on the future of forests. The Coalition of Rainforest Nations, led by Papua New Guinea, argued for the creation of a REDD+ body before discussing financing arrangements. Those opposed said it adds another layer of bureaucratic complexity to an already cumbersome process. In the end, a REDD package was adopted as the Coalition backed down.
The Carbon Disclosure Project’s Global Water Report 2013 reports more disclosure from companies than ever but also warns businesses are still not accounting for risks at the watershed level. Meanwhile the Ecosystem Marketplace water team is putting together a briefing for business on watershed investments.
Project developers responding to our just-released 2013 State of the Forest Carbon Markets report estimated that they could deliver 1.4 billion tonnes of carbon dioxide emissions reductions in the next five years. However, demand on this scale would have to come from compliance markets – markets that hinge on methodologies currently being hashed out in Warsaw.
Indigenous people have long been among the world’s most responsible land stewards, and they are well-positioned to gain from programs that harness carbon payments to save endangered rainforest. Leaders in Warsaw argue, however, that such programs will only work if they incorporate indigenous values and realities.
Representantes de alianzas indígenas de América Latina presentaron en el arranque de la COP19 en Varsovia, Polonia sus perspectivas sobre REDD Indígena y el camino hacia la solución climática mundial. COICA y AIDESEP hablaron de sus acciones y las que esperan ver en este encuentro internacional, así como sus pasos hacia la COP20 en ‘su […]