News & Articles: Geographic Oceania

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Forest Footprint aims to Reward Companies that Save Trees

The Carbon Disclosure Project has arguably reduced greenhouse gas emissions by creating an incentive for companies to examine and disclose their carbon footprints – an act that often leads them to realize how easy and economical reductions can be. Can the Forest Footprint Disclosure Project do the same for deforestation?

Australia Pushes Toward Emissions Trading

The Australian states and territories are collectively pushing a national greenhouse gas emissions trading scheme despite active resistance from the Commonwealth government. The Ecosystem Marketplace considers the potential implications of implementing the world's first state-based National Emissions Trading Scheme.

Doubts Persist About Australia’s Climate Policy Shift Ahead Of First Emissions Reduction Auction

Australia drew the ire of the environmental community when it backed away from its carbon pricing program last year and established a nearly AU$2.6 billion Emissions Reduction Fund in its place. With the first auction coming up this week, critical issues still need to be resolved, including whether the funding will be sufficient to incentivize new emissions reduction projects.

This Week In V-Carbon News…

Australia topped the news last week with the repeal of its carbon tax, South Korean ministers called for a delay in its carbon price, and New Zealand is considering shelving its program later this year. But voluntary buyers aren’t taking a vacation this summer with announcements from Chevrolet, Disney, and others.

Carbon Partnership: Breaking New Ground

Although New Zealand’s Emissions Trading Scheme was the first in the world to accept forestry offsets, many local forestry projects are ineligible for the program, forcing them to turn to the voluntary carbon markets where demand for offsets is limited. Consultancy Carbon Partnership explains the challenges facing Kiwi forest carbon projects within the context of its Rarakau project.

This Week in Biodiversity: Australia’s Got Some Good News, and Some Bad News…

Australia streamlines biodiversity offsets at the state level in New South Wales, but the national Biodiversity Fund will be defunded to the tune of $231 million as a side effect of the country moving to a floating carbon price. Meanwhile, wetlands are on everyone’s mind in the Gulf of Mexico, and a new crowdfunding platform is launched.

Carbon Market Sees Long Game in AU “Link and Scrap” Decision

In the long run, Australia’s move to link its ETS with the EU ETS in 2015 and scrap its price floor could usher in a liquid international carbon market. The short term is more nebulous, despite provisions to bolster demand for the domestic Carbon Farming Initiative. Can the new policy sufficiently navigate carbon price risk and political uncertainty? 

What Australia’s Link and Scrap Could Mean for Domestic Carbon Farming

 A group of land industry organizations are claiming the new ecosystem service based forest planning rule is in violation of several pieces of land management legislation. Because of what they believe to be a governmental overreach, they have filed a lawsuit against the US Forest Service. 29 August 2012 When the US Forest Service updated […]

What Australia’s Link and Scrap
Could Mean for Domestic Carbon Farming

 A group of land industry organizations are claiming the new ecosystem service based forest planning rule is in violation of several pieces of land management legislation. Because of what they believe to be a governmental overreach, they have filed a lawsuit against the US Forest Service. 29 August 2012 When the US Forest Service updated […]

Suing to Stop Climate Change

While governments drag their feet on climate change, to what extent can nuisance lawsuits and other types of legal actions fill the gap?  FIELD hosts a climate justice panel discussion.

On the Blog: Is Papua New Guinea too Risky for the Carbon Market?

Papua New Guinea Prime Minister Michael Somare has reportedly denounced voluntary carbon schemes as being too risky.  The message, however, is not posted on Somare’s web page, and the voluntary programs he’s denouncing were never verified to any recognized standard. Yes, all markets are risky — but which ones is he referring to, and who really bears the risk?

On the Blog: Is Papua New Guinea too Risky for the Carbon Market?

Papua New Guinea Prime Minister Michael Somare has reportedly denounced voluntary carbon schemes as being too risky.  The message, however, is not posted on Somare’s web page, and the voluntary programs he’s denouncing were never verified to any recognized standard. Yes, all markets are risky — but which ones is he referring to, and who really bears the risk?

Australians Think Locally, but Will They Be Allowed to Act?

Broad but not deep, Australia’s new mandatory cap-and-trade regime limits the emissions of industries responsible for 75% of all greenhouse gas emissions.  Those limits, however, are weak compared to those of most developed countries, and critics say the law actually prevents voluntary offsets from being used to incentivize deeper cuts.

 

Methodologies Tame Forest Carbon Jungle

As forests convert carbon dioxide in the air to carbon stored in woods, leaves and roots, a range of organizations are, in turn, working to convert forests into carbon offsets. The ‘exchange rate’ of this conversion — or the amount of value brought by intervention — is determined by specific standards’ methodologies, which are technical, but critical, tools shaping the rules of the game.

UN Aims to Streamline Cost of Developing Forestry Offset Projects

It’s expensive to develop carbon offset projects that reduce emissions by capturing carbon in trees, and one reason is that every project has to develop its own methodologies for measuring results. The UNFCCC is asking for help in streamlining that process.

EKO-ECO: the Ecosystem Services Blog

When Ecosystem Marketplace launched in 2005, the idea of preserving nature by incorporating its value into our economic system was mostly an academic exercise. Today, it’s the cornerstone of a fast-moving and innovative branch of finance. To keep our readers up-to-speed on the latest developments, EM and EKO Asset Management Partners have launched the EKO-ECO blog.

Bonn Talks Open with REDD Agenda

Deforestation accounts for 20% of all greenhouse gas emissions, and the UN bodies charged with mapping out the role of forestry offsets in a post-Kyoto climate-change regime are meeting in Bonn, Germany, this week and next to continue the process of hammering out their differences. The groups will meet at least three more times before gathering in Copenhagen at the end of the year.

The Matrix: Mapping Ecosystem Service Markets

The once-radical concept of saving the environment by documenting the economic value of environmental services and then getting industry to pay is finally catching on – but how is one to keep track of all the new methodologies and concepts? The Ecosystem Marketplace presents The Matrix, a new tool for surveying the ecosystem services landscape.

Payments for Ecosystem Services: Download the Primer

Payments for Ecosystem Services encourage entities that benefit from ecosystem services to pay for maintaining those ecosystems – but how? At the Biodiversity Conference (COP 9) in Bonn, Germany, Forest Trends, the Katoomba Group and the United Nations Environment Programme (UNEP) have jointly unveiled a nuts-and-bolts primer designed to answer that question.

Biodiversity Banking: A Primer

Mitigation Banking makes it possible for real estate developers to turn biodiversity into an asset instead of a liability – which ultimately makes it possible to preserve that biodiversity across the United States. But how do such mechanisms work? And what challenges do they face? The Worldwatch Institute’s 2008 State of the World Report tackles these and other issues – excerpted here in Ecosystem Marketplace.

Painting the Town REDD: Merrill Lynch Inks Massive Voluntary Forest Deal

In a major demonstration of confidence in the viability of voluntary carbon offsets as a strategic investment, Merrill Lynch is raising equity for a 100-million-ton, for-profit avoided deforestation project in Aceh, Indonesia. Tellingly for the future of the forestry market, the decision to take the plunge had more to do with the cultural and biodiversity benefits than with the carbon itself. The Ecosystem Marketplace examines the deal and its significance.

Analysis: Why saving the world’s rainforests is good for the climate and the US economy

The 13th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 13) is more than a month behind us, but plenty of debate lies ahead as advocates and opponents of using forestry to combat climate change air their opinions in the lead up to COP 14 later this year in Poland and COP 15 next year in Denmark. Jeff Horowitz and Robert O’Sullivan of Avoided Deforestation Partners take stock of the Bali Roadmap and what it means for avoided deforestation.

Cool Kyoto country generates internal heat

Australia's ruling Coalition government and their leader, Prime Minister John Howard, won a fourth straight election victory on October 9. The conventional wisdom holds this is bad news for climate change and for Australia's participation in the Kyoto Protocol. But the electoral campaign, as well as changing attitudes from businesses and farmers, have meant that the issue of climate change has remained very much at the forefront of the national political agenda. Don't be surprised if emissions trading takes root on what is seemingly infertile soil. The Ecosystem Marketplace digs a bit deeper.

Forest Sequestration enters Carbon Market Down Under

In Late 2004, Australia's CO2 Group Ltd. became the first company in the world to receive accreditation for the sale of forest-based carbon sequestration credits in a functioning GHG emissions markets. The Ecosystem Marketplace takes a look at the transaction and asks how it fits in with similar attempts to deal with the issue of forest-based sequestration worldwide.