REDD may still be at a standstill in Indonesia, but there is positive news coming out of the United Nations REDD Program. UN-REDD released its five-year strategic plan, and Nigeria is finalizing its readiness proposal to submit to the UN-REDD policy. More news inside this week’s Forest Carbon news.
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8 March 2011 | Let us first give a big thanks to all of our readers who encouraged others or participated directly in our latest survey round for the next State of the Forest Carbon Markets and State of the Voluntary Carbon Markets reports! A preliminary count of responses we’ve received to date indicates we’ve more than doubled the number of project developers participating in our forest report this year, including new eyebrow-raising details about the current and near-term supply of forest carbon credits. We look forward to sharing the findings with you in the coming months.
On to the news, we’re seeing the US Congress and President go back and forth on budget cuts, and the $1 billion the US pledged for REDD+ back in Copenhagen is still somewhere in the fog. Republicans are keen to backtrack and put the landmark commitment on the chopping block.
VCS, now officially the Verified Carbon Standard, has approved a new methodology for Improved Forest Management developed by GreenCollar Climate Solutions to intervene in forests slated for commercial logging. This makes the seventh forest methodology VCS has approved, all of which have been finalized within the past 10 months.
The UN-REDD Programme continues marching onwards, with the release of a five-year strategic plan, including expansion to additional countries to support REDD+ Readiness. In Nigeria, the national government convened stakeholders to help finalize the country’s Readiness Proposal which was invited for submission this month to the UN-REDD Policy Board.
As always, read on for all this and more of the latest news and events in this, latest edition of Ecosystem Marketplace’s Forest Carbon News Brief.
—The Ecosystem Marketplace Team
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