As developed and emerging economies alike are moving to take on CO2 targets, this issue of V-Carbon News reports on a few government players that are getting their feet wet in the voluntary carbon markets first.
NOTE: This article has been reprinted from Ecosystem Marketplace’s Voluntary Carbon newsletter. You can receive this summary of global news and views from the world of voluntary carbon automatically in your inbox by clicking here.
23 January 2012 | As developed and emerging economies alike are moving to take on CO2 targets, this issue of V-Carbon News reports on a few government players that are getting their feet wet in the voluntary carbon markets first.
Just today, Thailand’s Greenhouse Gas Management Organization announced that it has established a mechanism for “tagging” VCS credits with the agency’s Crown Standard for domestic projects – a tool previously developed for use in the UN’s Clean Development Mechanism.
Drilling down to the subnational level, the State of Louisiana recently released its Comprehensive Master Plan for a Sustainable Coast – that weighs carbon credits as a viable option for funding the state’s much-needed wetlands restoration efforts. On another U.S. coast, California’s Napa County Planning Commission released a long-term emissions reduction plan that includes a mechanism for offsetting local winery development.
As programs like these emerge to promote private sector contributions to domestic carbon projects, will they eventually move to using some common project standards? Are domestic governments the most effective partners to bring scale to the voluntary marketplace? You tell us in this issue’s reader poll.
Governments aren’t the only ones looking to carbon finance to sustain domestic conservation efforts. After the successful sale of credits from its massive Canadian Darkwoods forest project – to the tune of $5.1 million in 2011 – The Nature Conservancy Canada says it may also rely more heavily on the carbon markets to address its current financial uncertainty.
In other news, project developer Wildlife Works and the carbon community last week mourned the first murder of a project employee, after elephant poachers opened fired on two unarmed conservation rangers who were patrolling the Kasigau Corridor project area in Kenya.
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