The insurance industry on carbon stored in forests: “It’s a regulatory asset.”

The insurance industry on carbon stored in forests

On Tuesday, 9 December 2008, I visited the Sheraton Hotel for an event titled “Making Forests Competitive: Practical solutions for permanence”. Organised by the legal firm Norton Rose, in association with the UNEP Finance Initiative and Carbon Markets and Investors Association, the event looked at the possibilities for the insurance industry to insure forest carbon.

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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.

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Day one in Poznan: UN doesn’t discuss REDD, Conservation International does

Day one in Poznan: UN doesn't discuss REDD, Conservation International doesFor those who have been to previous UN Climate Conferences, the following will be of no surprise. This afternoon, both the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA) and the Subsidiary Body for Scientific and Technological Advice (SBSTA) failed to discuss REDD, although it was on the agenda for both groups.

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