The small Latin American country of Guyana is quickly becoming a big name in REDD circles after its $250 million deal with Norway continues to be scrutinized while at the same time, Guyana prepares to co-chair the REDD+ Partnership along with Germany in July. Outside of Guyana, a raft of new research findings are emerging with interesting implications. Details on these stories and more insides.
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28 April 2011 | Guyana continues to find itself at the center of several REDD+ news stories. The small Latin American country is quickly becoming a big name in REDD circles after its $250 million deal with Norway continues to be scrutinized and at the same time as Guyana prepares to co-chair the REDD+ Partnership along with Germany in July.
After the deposit of an additional $40 million from Norway to Guyana’s REDD fund, Rainforest Alliance’s recently released verification report describing the REDD+ readiness progress in Guyana is coming under fire from watchdog groups.
And as the clock ticks towards Guyana’s upcoming Presidential election, incumbent Bharrat Jagdeo is in a race against the clock, hoping to shake money loose from the REDD fund in time to buy some support from Guyana’s Amerindian communities.
Outside of Guyana, a raft of new research findings are emerging with interesting implications. From the latest wall-to-wall forest carbon coverage for the USA, a new manual for calculating REDD+ opportunity costs from the World Bank, and the scandalous synchronicity uncovered between Indonesian election cycles and deforestation rates, you’ll find plenty of leisure reading below to take home for the weekend.
The rapid evolution of standards in the market also continues to catch headlines, as VCS has hit its stride, releasing its seventh forest carbon methodology approved over the past six months and the CDM Executive Board mints its first Afforestation/Reforestation methodology developed from the top-down.
On the markets front, stay tuned in the coming month as Ecosystem Marketplace is busy at work preparing our latest State of the Voluntary Carbon Markets 2011 report to debut in early June. Having recently wrapped up our surveys for both the voluntary and forest carbon markets reports, rest assured you ain’t seen nothing yet. We’re still accepting sponsors for both the voluntary and forest carbon reports, so if having your name on these landmark reviews of the latest developments of the carbon markets is your cup of tea, please drop us a line.
As always, read on for all this and more in the latest issue of Ecosystem Marketplace’s Forest Carbon News Brief.
—The Ecosystem Marketplace Team
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