Disagreement on REDD finance during the “stalemate” climate negotiations in Bonn

Disagreement on REDD finance during the stalemate climate negotiations in BonnLast year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency. Fatih Birol, IEA’s chief economist told Reuters that, “[T]he trend is perfectly in line with a temperature increase of 6 degrees Celsius (towards the end of this century), which would have devastating consequences for the planet.”

Continue reading

Durban feedback: Is the carbon market “still on life support” or did it get a “Viagra shot”?

The agreement that came out of the Conference of Polluters (COP-17) in Durban included no new commitments to reduce emissions. “What we got instead was a clear signal that we might get another clear signal in 2015,” as Jonathan Grant, director of carbon markets and climate policy at PricewaterhouseCoopers told the Financial Times.

Continue reading

European Commission on forests and carbon markets: “in the end we have to have the market”

European Commission on forests and carbon markets: in the end we have to have the market

The EU outlined its plans for carbon markets in relation to forests at a press conference today (5 December 2008) in Poznan. The EU aims “to halve the total forested area loss in the tropics by 2020, and to halt the global forest cover loss completely by 2030 at the latest” and estimates that this will cost somewhere between €15 and €25 billion a year.

Continue reading