This Week in Forest Carbon includes news on Face the Future’s forest carbon work in Africa and American Carbon Registry’s new methodology focusing on wetland restoration. Readers also have a chance to chime in about about the Indonesian President’s lofty environmental goals.
NOTE: This article has been reprinted from Ecosystem Marketplace’s Forest Carbon newsletter. You can receive this summary of global news and views from the world of forest carbon automatically in your inbox by clicking here.
30 January 2012 | Before we get to the news, we wanted to thank McGuire Woods for hosting a Durban Debrief organized by Ecosystem Marketplace and Climate Focus, bringing together a panel featuring Henry Derwent, President and CEO of the IETA, Bob O’Sullivan, Executive Director of Climate Focus, and David Antonioli, CEO of VCS. If you missed it take a look at our coverage on the Eko-Eco blog.
Indonesia’s President continued to make the environment, or at least pledges to the environment, a central issue during his remaining time in office. This time, he’s pledged to set aside 45 percent of Kalimantan, the Indonesian territory on the island of Borneo, establishing stronger environmental regulations and pushing the extractive industries to become sustainable. That’s in addition to the “7/26 objectives” and last year’s moratorium.
Critics have already pointed out that it will be difficult to adequately protect the land when the region is intended to become a coal and energy exporter, and that only 30 percent of the island is forested. As one commenter on the Jakarta Globe website remarked, “For the next 2 years, we will expect (the president) to give more of these over-committed illogical unreasonable promises… his mind is simply to do everything it takes to be the next Secretary-General of the United Nations!”
So what do you think? Are President Yudhoyono’s lofty goals moving REDD+ forward, or setting up the country and international community for disappointment? You tell us in this issue’s reader poll.
Forest carbon continues to make strides in Africa, with Nedbank and Face the Future partnering to develop projects throughout the continent. They’ve cemented the relationship with Nedbank’s purchase of 50,000 VCUs from the Kibale National Park reforestation project.
Face the Future is also extending its involvement in the Africa Terrestrial Carbon Center, which, currently in its early stages, has proposed helping local groups to develop 15 first generation terrestrial carbon finance projects. Meanwhile, the Democratic Republic of the Congo launched its very snazzy National Forest Monitoring System (NFMS) to address its MRV reporting requirements, and will be a valuable tool as REDD+ demonstration activities get underway.
Although there was good news out of Africa, there was also the unfortunate death of a Wildlife Works ranger and the injury of another after an encounter with poachers in the Kasigau Corridor, the site of a Wildlife Works VCS REDD project.
Last week Ecosystem Marketplace reported on a new American Carbon Registry methodology. The methodology focuses on wetland restoration in the Mississippi Delta – with the goal of bringing carbon finance to the multi-billion dollar effort to undo the damage of hurricane Katrina, the Horizon oil spill, and regional development that has degraded and destroyed much of the regions wetlands. And while the ecosystem services offered by wetlands are hugely valuable, a new study has shown that restored wetlands rarely store as much carbon or attain the same levels of biodiversity as original wetlands.
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