This Week in Forest Carbon: Going Once, Going Twice...
March 12 |
Before we launch into the latest forest carbon headlines, a gentle reminder that the deadline to respond to the State of the Forest Carbon Markets 2012
report survey is extended to March 15, 2012.
If your organization developed forest carbon projects for the voluntary or compliance carbon markets (or sold forest carbon offsets to, well, anyone) in 2011, we invite you to contribute your data by COB Thursday. LOGIN TO THE SURVEY HERE.
What’s in it for you? Forest carbon project developers can opt to let us feature your project on the front page of the Forest Carbon Portal. Everyone who provides a complete response can choose to be featured on the Ecosystem Marketplace homepage and in our news briefs (with weblink). We are grateful to the over 150 organizations that have already signed up to the survey from over 30 countries worldwide (see the latest below).
Now on to the news, Ecosystem Marketplace launched a new report last week, with 13 case studies from around the world exploring the way governments are engaging with the voluntary carbon markets (VCM). Bringing it Home: Taking Stock of Government Engagement with the Voluntary Carbon Market reveals that of the 13 programs profiled in the report, 11 allow credits from a variety of forest and terrestrial carbon project types, from afforestation/reforestation, IFM and REDD to rangeland and grassland management.
Just today, forest carbon giants ERA Carbon Offsets and Wildlife Works announced that they have entered into a Joint Venture Agreement to complete the 299,645 hectare Mai Ndombe REDD project in the Democratic Republic of the Congo which was announced by ERA in late summer 2011.
The last two weeks also saw forest carbon investments continue to blossom in Asia, as South Korea signed an MoU with the Indonesian government, worth $10 million and expected to net around 100 million tons of carbon emission credits through 2020 from reforestation in Sumatra. The European Investment Bank and China also worked out an agreement that would secure EU $250 million for forestry projects with carbon mitigation and biodiversity elements under the “China Forestry Framework Loan”.
The governance issue reared its head again, as a WWF-led REDD initiative funded by Norway was halted after reports of corruption. The WWF is on the line for the approximately $85,000 that is missing.
Malaysia was busy completing its forest inventory, while a Wetlands International-commissioned study found that Sabah and Sarawak, two of the country’s states, were rapidly losing forests, contradicting the estimates of Malaysia’s Forestry Department.
Keep reading below for these and more forest carbon market news, hot off the presses. And a special thanks to those organizations that have so far contributed complete responses to our State of the Forest Carbon Markets 2011/2012 survey: REDD Forests, Sierra Gorda Reserve, Greenfleet, GET Carbon, GFA Envest, Carbon Project Solutions, Greenoxx, Carbon Credit Capital, Grupo Financiero de Occidente, Camco, Forest Carbon Offsets, CarbonVerde, LLC, Mountain Association for Community Economic Development, Yorkshire Dales Millennium Trust, Oklahoma Carbon Program, Equator, LLC, Envirotrade Carbon Ltd., Carbonfund.org, The Climate Trust, China Green Carbon Foundation, Conservation International, Carbon Tanzania, Green Resources, Permanent Forests International, Plan Vivo Foundation, Climate Neutral Group, CF Partners, U YOOL CHE AC, Carbon Credit Corp., Mpingo Conservation , Forest Carbon Group, and South Pole Carbon.
The survey deadline is fast approaching, so create a profile and submit your response HERE.
—The Ecosystem Marketplace Team
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