Healthy topsoil teems with life, and on this planet, that means carbon. But as we churn through topsoil, we release carbon into the air, where it becomes carbon dioxide, the most common greenhouse gas. and lots of it: nearly 300 billion tons of carbon dioxide over the last 200 years, according to the Intergovernmental Panel on Climate Change. Here’s how carbon finance is helping to reverse that trend.
Carbon finance is measured in billions of dollars, while global supply chains are measured in trillions, but the former can still be used to leverage the latter. Looking at the case of Brazil, a new report lays out how an integrated financing strategy for the protection of tropical forests can make the money work harder and go further.
As carbon standards like the Verified Carbon Standard and the Gold Standard expand their coverage to compliance with the Sustainable Development Goals, old names often no longer apply. To reflect that, the Verified Carbon Standard, which began as the Voluntary Carbon Standard, has now changed its name to “Verra”.
While the Trump administration purges all mention of climate change at the federal level, state legislators from eight US states have introduced bills calling for a price on carbon, and a ninth state has bills in the drafting stage while three states have bills in the works.
Several European NGOs are experimenting with voluntary carbon markets to drive down greenhouse-gas emissions, often in cooperation with state and federal governments. The Dutch effort is called the “Green Deal”, and proponent Jos Cozijnsen hopes to make it work by making carbon trading fun.
Ethiopia plans to be climate-neutral by the year 2025, and it aims to generate jobs in the process. How? By overhauling its rural economy to support more sustainable agriculture and regenerate millions of hectares of degraded forest.
Indoor air pollution kills more than 4 million people per year, and clean-burning cookstoves are one solution. Donors now rank stoves based on effectiveness – but a key criteria may be missing.
The United States may have withdrawn from the Paris Climate Agreement, but national and regional leaders from across the Americas have vowed to “Make the Planet Great Again” by embracing a price on carbon at the One Planet Summit in Paris.
When Latin Americans offset their greenhouse-gas emissions, they usually do so by purchasing offsets generated by saving or restoring forests. But the producers of Lollapalooza Chile and other major events are bucking the trend by partnering with a hydropower plant – albeit one that doesn’t create reservoirs and does support indigenous people.
Brazilian authorities are investigating an apparent assassination attempt against indigenous leader Narayni Surui and his wife, award-winning teacher Elisângela Dell-Armelina Surui. The couple were fired on while entering the indigenous territory after members of the Paiter-Surui ejected illegal loggers from the territory.
We can’t beat climate change without saving the world’s forests, and tropical forest countries are ready to do their part, but they can’t fix the mess without help from the countries whose imports are driving the deforestation. The Paris Agreement offers several mechanisms for using carbon finance to save forests, and the European Union has a moral obligation to use them, argue two former climate negotiators.
The Southeastern United States produces 12 percent of the world’s wood, pulp, and paper – fueling an economic engine that’s pulverizing forests faster than it’s restoring them. Here’s how environmental NGOs like the Dogwood Alliance are teaming up with retail giants like Staples to try and prevent that engine from overheating.
Climate negotiators spent the last two weeks in Bonn sketching out the roadmap for achieving the ambitions laid out in Paris. It’s the kind of tedious work that doesn’t generate headlines, but it’s what can be the difference from reaching your destination and ending up in a ditch.
As of 2020, international airlines will be mandated to offset large parts of their greenhouse gas emissions. It’s a mandate that could pump tens of billions of dollars into protecting the Brazilian Amazon, but the country’s Brazil’s climate negotiators would rather favor scandal-plagued national power company Eletrobrás and Amazon mega-hydroelectric projects.
The United States has no official pavilion at year-end climate talks, but the “We Are Still In” Coalition officially opened its US Climate Action Center today just outside the main convention hall. Here’s how you can follow events there.
This year’s climate talks may not be as glamorous or high-profile as the Conference of Parties to the UN Framework Convention on Climate Change that adopted the historic Paris Agreement two years ago, but the agenda for COP23 that starts Monday in Bonn is packed with key issues that need to be resolved to fully implement the Agreement.
Forests hold 40 percent more carbon than all the known fossil fuel deposits worldwide — nearly five times more carbon than can be added to the atmosphere without exceeding the Paris Agreement’s 2°C goal, according to a new paper.
This past summer, California legislators voted to extend the state’s cap-and-trade program through the year 2030. With the Canadian provinces of Quebec and Ontario joining in 2018, the Carbon Trust estimates nearly $5 billion in new demand for offsets, explains the Trust’s Peter Weisberg.
Our natural world and climate are experiencing catastrophic change, largely because it’s more profitable to destroy ecosystems than to conserve them. We can begin to redress this imbalance by using conservation finance to support opportunities that protect ecosystems and generate some form of return. Here’s how that can work in the UK.
Worldwide, we’ve spent $20 billion since 2010 to save forests. Unfortunately, we’ve spent $777 billion to grind them into pulp or clear them for agriculture. The result? Deforestation rates are now 35 percent higher than they were in the first decade of the new millennium.
Nearly all economists agree that if you want to end climate change, you need to put a price on carbon and then integrate that price into the economy — whether via offsets that pay for emission-reductions elsewhere or via a carbon tax.
Indonesia sometimes generates 40 percent of the world’s greenhouse-gas emissions from deforestation, and the country’s federal government is powerless to reverse it. That’s because true power in the land of a thousand islands lies with hundreds of regents, or “bopatis”, who are driving one of the world’s most calamitous environmental disasters.
The UN’s Green Climate Fund closed out the year by approving 11 new projects designed to help developing countries mitigate and and adapt to climate change, including an historic $500 million to save forests.
The UN’s Green Climate Fund closed out the year by approving 11 new projects designed to help developing countries mitigate and and adapt to climate change. Here is a rundown of the projects.
We talk a lot about the “green economy”, but what exactly does that mean? The Green Economy Coalition defines it as “an economy that provides prosperity for all within the ecological limits of the planet”, and it has provided this handy primer that breaks it into five broad themes.
The Yanawawa people of Brazil have have resisted the temptation to chop their forest, choosing instead to conserve and manage it sustainably at great cost to themselves. Now they’ve joined the Brazilian state of Acre and the German government in a fascinating experiment to see if their plan can have a verifiable, measurable impact on the forest. A new short film brings you into their world.
British Telecoms giant BT Group says it will slash its greenhouse gas emissions a staggering 87 percent by 2030, and it will do so by embracing new technologies. Food giant Mars says it will slash its emissions 67 percent by 2050, and it will do so by restructuring its commodity supply chain. Both say they’ll probably hit their targets, and both say it’s because their targets are science-based. But what does that mean?
Impact investors have funneled more than $100 billion into projects designed to make money by doing good, and $8 billion of that flowed into projects that improve the way we manage land. AlphaSource Advisors has been in the impact space for over a decade, and they’ve learned a few things along the way.
As Florida recovers from Hurricane Irma and wildfires ravage the Pacific Northwest, the number of extreme weather events has topped 400 per year. That’s quadruple the rate of 1970, and scientists overwhelmingly attribute the rise to climate change. US Environmental Protection Administrator Scott Pruitt, however, says now is not the time to discuss such matters. Here’s why he’s wrong, and what we can do to set things right.
Peru is losing more than 80,000 hectares of Amazon forest every year, mostly because small farmers are chopping it to meet our own ravenous appetites for beef, soy, and timber. In the process, they’re generating about half the country’s greenhouse-gas emissions. The country has vowed to change that, and here’s one way they can do so by helping small farmers improve the way they manage their land.
Higher temperatures and moister air lead to wetter and more intense hurricanes like Harvey and Irma, which will cost us hundreds of billions of dollars to recover from. While these tragedies are still front-and-center, let’s look back what happened when the University of Chicago resurrected its most famous economist to see how he proposed dealing with environmental catastrophes.
Prominent leaders from nine indigenous peoples of the Amazon say the Acre State branch of Brazil’s powerful Indigenous Missionary Council (CIMI) is intentionally sabotaging a program that has enabled them to save their forests. In an open letter dated July 31, 2017, they called on prominent Catholic organizations to investigate CIMI Acre. Here is the full text of that letter.
Hurricane Harvey reminded us just how vulnerable low-lying cities like Houston are in a climate-changed world – especially when we degrade the living ecosystems that regulate floods and absorb greenhouse gasses. Fortunately, we have plenty of tools we can use to develop the “green infrastructure” needed to help us navigate the new reality of life in the Anthropocene.
Earlier this year, President Trump’s executive order on energy independence instructed federal agencies to individually monetize climate damages rather than use the existing central estimate of $50 per ton of carbon dioxide. Now a new publication by prominent economists and lawyers argues that the current value is the “best estimate” of climate change’s costs.
California extended its cap-and-trade program through 2030, but the the extension will make it harder for forest owners – especially those outside California – to earn carbon offsets after 2021. That’s bad for landowners and could raise the cost of compliance for industrial emitters, writes Mik McKee of The Climate Trust.
Tropical deforestation accelerates climate change, and 40 percent of it happens in two countries: Brazil and Indonesia. Governments, NGOs, and businesses, meanwhile, have launched dozens of efforts to correct this – but those efforts will only succeed if they work together. Here’s how to make that happen.
Forest carbon projects tap carbon markets to save and restore forests, and they work because carbon dioxide emissions are easy to quantify. But what about all those other good things forests do – like fortifying soil, replenishing groundwater, and boosting farmer incomes? That’s where the UN Sustainable Development Goals come in.
Payments for Ecosystem Services have always seemed like a good idea, and evidence is growing that they work. The latest comes from a Northwestern University study involving forest owners in 120 villages in western Uganda. Half were given cash rewards if they kept their forest intact, and half weren’t. Guess which group took better care of their forest?
The European Commission has set some of the most ambitions environmental targets on the planet, but states have struggled to achieve them. Fortunately, the Commission and member states have also created an impressive set of mechanisms for getting users and polluters to pay for restoration. Now they just have to teach people to use them.
Andrew Mitchell’s Global Canopy Programme has helped people around the world understand the role that rainforests play in regulating the environment and promoting rainfall well beyond their boundaries. Now, as a senior adviser to impact investment group Ecosphere Plus, he’s helping to funnel investment dollars into conservation projects around the world.
Ecosystem Marketplace participated in last month’s Innovate4Climate Summit as a media partner, and it proved to be a worthwhile endeavor. Here are some of the stories we generated from that event – and a look at those to come.
Only by leveraging private finance can we approach the scale of capital needed to address climate and conservation challenges. California, through its work to mitigate dairy methane emissions, is poised to demonstrate how to generate that leverage, says Peter Weisberg, Senior Portfolio Manager for The Climate Trust.
In a full-page ad targeted to businesses through the Wall Street Journal, leaders from physicist Stephen Hawking to industrialist Ratan Tata have endorsed a US carbon tax. It’s a new blast of support for an idea that first emerged in February of this year.
When Elon Musk started Tesla Motors in 2003, he didn’t aim to end our car culture – just to make it cleaner. Likewise, pescatarian businessman Michael Mathres doesn’t aim to end our global love of beef and milk – but with a new product called “Mootral” he does want to reduce their impact on climate change by cleaning up cow burps.
US President Donald Trump is expected to pull out of the Paris Climate Agreement today – ostensibly to save jobs. Unfortunately, he’ll be killing more jobs than he saves, and mostly in parts of the country that can least afford to lose them – namely, those parts that propelled him into the White House.
Ecosystem Marketplace tracked its 1 billionth voluntary carbon offset, while members of the International Emissions Trading Association vowed to counter the rising tide of populism with words and actions at last week’s Innovate4Climate in Barcelona. Here are highlights from two key reports released last week.
Activity in the voluntary markets in 2016 pushed us over the 1 billion tonnes transacted mark, according to Ecosystem Marketplace’s newly released State of Voluntary Carbon Markets 2017. Expect more market-based data next month as partners introduce a Europe-focused initiative. Meanwhile, the BioCarbon Fund announces new finance for Ethiopia’s REDD+ project and Australian tour buses go carbon neutral.
Nearly 60 percent of all countries either include or plan to include carbon pricing in their national climate action plans, and a new platform launched by the World Bank and Ecofys aims to track carbon prices in government-run pricing initiatives.
The Trump Show has once again mopped up media attention that should be going to issues more important but less entertaining – like the flurry of mid-year talks designed to turbocharge national commitments to end climate change. They began in Bonn on the 8th of May, continue next week in Barcelona, and culminate next Friday with Trump’s arrival in the Sicilian town of Taormina.