Fresh Finance, More EU Uptake, and New Data: The Month in Forest Carbon
Fresh finance is flowing into forest carbon efforts internationally, from Mexico to the Republic of Congo to Sri Lanka, and European Union member states are thinking of adding cropland, grazing land, and forest carbon emissions to their national greenhouse gas accounts. Here's a look at the top forest carbon stories of the past month.
This article originally appeared on the Forest Carbon Newsletter. You can view the original here.
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And on to the latest forest carbon news, where below we summarize how one industry organization is taking an active role in seeking guidance for how to treat forest carbon offsets on a balance sheet in the US, while EU member states consider adding cropland, grazing land, and forest carbon emissions to their national GHG accounts.
Fresh finance is flowing into forest carbon efforts internationally, from a Mexican REDD project with some very high-level domestic buyers (translation), to UN-REDD Programme support in the Republic of Congo and Sri Lanka, to renewed demand from the voluntary carbon market for pre-2008 New Zealand forest carbon credits under the country's Permanent Forest Sink Initiative.
On the supply side, South Pole Carbon is seeking investors for its Zimbabwe-based REDD efforts, while across the globe FUNAI, Brazil’s National Indian Foundation, has brought into question 30 contracts between international companies and indigenous communities - including invalidating a $120mn agreement between Irish company Celestial Green Ventures and the Munduruku tribe.
These and other stories from the forest carbon marketplace are summarized below, so keep reading! And if you value what you read in this news brief, consider supporting Ecosystem Marketplace’s Carbon Program as a Supporting Subscriber. Readers’ contributions help us keep the lights on and continue to deliver forest carbon market news and insights to your inbox biweekly and free of charge.
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