This Week in Forest Carbon, and Top 10 Themes of 2010
Along with the latest news from the New Year, this weeks Forest Carbon news is taking a last look at 2010. Ecosystem Marketplace's team distilled website traffic over the past year, bringing the top 10 themes emerging from forest carbon news. 2010 proved to be a year of major milestones for the world of forest carbon - here is a reminder of the biggest ones.
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.
12 January 2011 |
Back from a restful holiday break following the frenzied pace set by the climate negotiations in early December, the Ecosystem Marketplace team sat down and distilled our website traffic over the past year into the top 10 themes that emerged in forest carbon news over 2010 and to keep your eye on in 2011. Beginning with our first State of the Forest Carbon Markets
report in January, 2010 which dramatically revealed a growing forest carbon sector even amidst the exploding financial crisis and global recession, Ecosystem Marketplace was convinced 2010 would be a year for major milestones in the world of forest carbon, and we were not disappointed.
1. The US Cap-and-Trade Meltdown
The collapse of cap-and-trade in the Senate has left the EPA to move forward with GHG regulations, but will Republicans stand idly by and will anything the EPA puts together be as favorable to forest carbon as the earlier bills were?
2. REDD+'s Time to Shine at the UN
From the climate convention to the biodiversity convention, building from the momentum of an explicit place in the Copenhagen Accord, negotiators meeting around the world laid down the framework for how REDD+ may operate in the future, although many questions remain to be answered.
3. California Stays in Front of the Pack
California gave the final blessing a landmark cap-and-trade program and the final compliance adoption of the Climate Action Reserve's forest protocols. Governors of California, Chiapas, Mexico, and Acre, Brazil took the first step forward to operationalizing the first regime to welcome international REDD offsets.
4. Standards Set the Mark
From the first forest methodologies for VCS, to the first steps beyond the buffer pool by the American Carbon Registry, the stage is set for a major standardization across the market. While the sun began to set for the Chicago Climate Exchange, the sun rose in the east with the emergence of China's Panda Standard.
5. An Explosion in Project Development
2010 saw a dramatic growth in the number of projects popping up all over the globe. The Forest Carbon Portal's Project Inventory tripled over the course of 2010, and multi-million dollar deals between investors, buyers, and project developers were becoming more common.
6. Emerging National Conservation Strategies
Countries around the world developed innovative new policies to value the services provided by forests and other ecosystems. From Vietnam to Brazil, and Colombia to Zambia, expect 2011 to be the time where most of these new policies will begin to exert their first meaningful impacts.
7. Public Pledges Outpace Private Purse for REDD+
As major multi-lateral REDD+ initiatives began to roll with billions in pledges beginning in Copenhagen, the prospect that public-financing for REDD will eclipse private investment for the near future is now old news. How these funds perform as they begin to disburse the bulk of fast-start finance and how they begin to interact with markets will be major trends to watch over the next year.
8. Beyond Project Scale Intervention
The calls for national-level accounting, monitoring, and performance for forest-based emissions reductions are now resounding. In the interim, the concept of "nesting" projects within provincial and other jurisdictional levels for accounting is receiving significant attention and interest.
9. Growing Pains for the REDD+ Partnership
The 71-country REDD+ Partnership was eventually able to shed its "Interim" moniker, but is still struggling to find confident footing. Looking forward to 2011, the future is wide open for the Partnership, but will the relatively new organization be able to rise to the challenge?
10. Growing the Money for US Forest Conservation
A handful of innovative conservation finance programs emerged across the US this year, and Ecosystem Marketplace dug in deep for the details. From a watershed restoration program in Denver to a health-care connection in Oregon, creative conservationists were busy finding money around the country.
In addition to the latest roundup of the breaking forest carbon news and events from around the world, read more below about these major themes from 2010 and see Ecosystem Marketplace's coverage devoted across the spectrum in this, the latest issue of Ecosystem Marketplace's Forest Carbon Newsletter.
—The Ecosystem Marketplace Team
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ABOUT THE FOREST CARBON PORTAL
The Forest Carbon Portal provides relevant daily news, a newsletter, articles, a calendar of events, the "Carbon Connections" discussion forum, a profile directory, a jobs board, a toolbox of resources ranging from methodologies to policy briefs, and market analysis on land-based carbon sequestration projects from forest to farm. All Forest Carbon Portal community members can comment on articles and upload their own projects, resources, events and job opportunities, although user permissions and rights vary according to involvement. The Portal also includes the Forest Carbon Project Inventory, a searchable database and map of projects selling land-based carbon credits across the globe and those in the pipeline. Users can search for projects by country, as well as by a variety of criteria such as project type, standard, registry and size. Projects are described in consistent 'nutrition labels' which supply as much information as can be maintained in a consistent structure. Operational projects must either be third-party verified or have sold credits to be eligible for listing.
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