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BRASILIA — President Luiz Inacio Lula da Silva Tuesday signed a law requiring that Brazil cut greenhouse gas emissions by 39 percent by 2020, meeting a commitment made at the Copenhagen climate change summit.
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One of the world’s largest forests, the Brazilian Amazon, could be worth a lot of extra money under a proposed deal that pays forest landowners to preserve trees. Indigenous peoples living in the Amazon Basin would make effective use of the funding that forest credits could generate, says Beto Borges with the conservation group Forest Trends.
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COPENHAGEN, Denmark, December 14, 2009 (ENS) – A tribe in the Brazilian Amazon region owns carbon trading rights in future global warming deals, finds a new legal opinion from one of the world’s largest law firms released at the Copenhagen climate summit.
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Brazilian meat processor Sadia said it has joined the United Nations’ Clean Development Mechanism project to be able to sell carbon credits next year, according to a report by Dow Jones.
“We are very interested in entering this market and are now starting to account for and accumulate carbon credits to sell next year,” Sadia CEO Jose Julio Cardoso de Lucena is quoted as saying.
Continue reading at Meattradenewsdaily.co.uk
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| Sourced From Bloomberg.com |
Dec. 2 (Bloomberg) — Brazil, whose Amazonia rainforest is the biggest in the world, wants a new climate agreement to limit the use of forests to slow global warming, putting a crimp on investors hoping to create carbon credits from trees.
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| Sourced From Blogs.aljazeera.net |
Yes, deforestation has dropped by nearly half in the last year. It’s the biggest drop in 21 years. But make no mistake, 7,008 square kilometers of forest were cut during this same period.
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| Sourced From Meattradenewsdaily.co.uk |
Brazil could make up to $16 billion (£9.5 billion) every year to put towards the cost of Amazon rainforest protection and emission cuts if it takes steps to sell on its carbon credits, it has been reported.
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SAO PAULO (Reuters) – Brazil could earn up to $16 billion per year to fund emissions reductions and Amazon rainforest protection by selling forest carbon credits, a Brazilian carbon markets expert said in an interview.
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| Sourced From English.people.com.cn |
The inclusion of UN Reducing Emissions from Deforestation and Degradation (REDD) programme in anew agreement to extend or replace the Kyoto Protocol could generate between 8 billion and 16 billion U.S. dollars annually in carbon credits for Brazil, the Brazilian Association of Carbon Market (Abemc) said on Monday.
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| Sourced From LATimes.com |
Manoel Silva de Cunha, leader of a group of 200,000 Brazilian forest-dwellers, was blunt about why he traveled this week from the Amazon to Gov. Arnold Schwarzenegger’s Global Climate Summit.
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| Sourced From Ecosystem Marketplace |
“We have only God to protect us here,” said a Brazilian farmer recently in the Washington Post, referring to the constant threat of being kicked off farmland he had cleared in the Bom Futuro protected area in the Amazon basin.
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| Sourced From Mondaq |
The introduction of a federal cap-and-trade system in the US would bring significant changes to carbon markets globally. Not only the market would increase, but also the underlying emissions reduction projects would have a more diversified basis. This will be possible if the Lieberman-Warner Climate Security Act of 2008, as proposed by a bill introduced in the US Senate by Senator Barbara Boxer on May 20,2008, is enacted.
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