Sarawak is the ground zero of deforestation. More than 95% of Sarawak’s intact forest has gone. In 2010, Sarawak accounted for 25% of tropical log exports, despite the fact that only 0.5% of the world’s tropical forests are in Sarawak.
The New York Declaration on Forests was funded by Norway. It was part of a contract between Norway’s International Climate and Forest Initiative and the Meridian Institute, a US-based consulting firm.
Governors from 22 states have signed the Rio Branco Declaration, committing to reduce deforestation by 80% by 2020. If they receive a guarantee of “adequate, sufficient, and long‐term performance‐based funding”, that is.
Last week City of London Police led the biggest ever international operation against boiler room fraud, resulting in the arrests of 110 people, mainly in Spain and the UK.
The Trans-Pacific Partnership is a proposed international trade agreement, involving 12 countries and covering a range of topics including intellectual property, the environment and workers’ rights. The TPP has been negotiated in secret for almost four years.
The debate about whether REDD credits should be included in California’s cap-and-trade scheme continues. This week, a group of social and environmental NGOs wrote to Jerry Brown, California’s governor, opposing REDD and requesting a meeting with Brown and Mary D. Nichols, the Chair of the California Air Resources Board.
BluForest Inc claims to be setting up REDD projects in Ecuador. It plans to generate carbon credits from 105,000 hectares of land in Ecuador. BluForest announced last week that it had signed a letter of intent with Global Fuel Limited for the pre-purchase of carbon credits.
BluForest describes itself as “a publicly traded carbon offsets marketing company that is setting a new standard for sustainable business in carbon offset credit trading.” BluForest owns 135,000 hectares of forest in Ecuador, “from which it will generate tradable carbon credits”.