Thousands of climate-minded visitors are swarming over Cancún. As United Nations climate talks progress and appear poised for a decision on REDD+, some of the other negotiating points remain unresolved. Ecosystem Marketplace strives to bring you the major – and most relevent – outcomes from COP16. Combine that with news from outside of the climate change conference, this is the latest from the world of Forest Carbon.
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 every two weeks by clicking here.
8 December 2010 | Thousands of climate-minded visitors are swarming over Cancíºn. As United Nations climate talks progress and appear poised for a decision on REDD+, some of the other negotiating points (such as the land-use accounting “logging loophole”) remain unresolved. With boots on the ground, Ecosystem Marketplace has been covering the overwhelming volume of news and events happening each day and distilling the major outcomes. The talks will be winding up on Friday, and more news and analysis are sure to emerge.
The REDD+ Partnership, which has been working alongside the negotiations to develop their 2011-2012 Work Program, appears to be escaping much attention from the various Partners’ negotiators as delegates focus on the evolving UN texts. Breaking news from Ecosystem Marketplace about the major cuts to safeguard language and deeper digging showing the Co-Chairs were responsible has left most observers pointing a finger squarely at Papua New Guinea. Since the Partnership may well be the venue for coordinating the initial billions for fast-start REDD+ activities, it remains to be seen whether these major cuts will hold up the Partnership’s approval of its 2011-2012 Work Program.
On the sidelines of the negotiations, an array of businesses and NGOs were quite busy launching and announcing major new initiatives. On the scientific and technical side, Google unveiled its Earth Engine along with a major donation of computing power to REDD countries to measure and monitor forest cover changes. Clark Labs joined the fray, releasing two new GIS tools to measure REDD GHG emissions and model the economics of policy choices. A slew of advocacy pieces regarding REDD have also emerged.
Offset standards seem to be moving forward rapidly as well. The Voluntary Carbon Standard has approved three additional forest carbon methodologies, including the landmark Avoided Deforestation Partners REDD Methodology Modules. But what’s more, news of the imminent issuance of credits from the first VCS REDD Project has energized many market players in and out of Mexico.
And in the run-up to Cancíºn, we got wind of a new “risk mitigation product” now out from the American Carbon Registry that signals a first major step of any offset standard towards a private insurance model for handling the risk of reversals from forest carbon projects.
Stay tuned to the Forest Carbon Portal and Ecosystem Marketplace for the latest on these rapidly evolving stories.
As always, read on below for the inside scoop in this, the latest issue of Ecosystem Marketplace’s Forest Carbon Newsletter.
—The Ecosystem Marketplace Team
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