| Sourced From Solveclimate |
A storm has been brewing for months in an obscure corner of the carbon-trading world, and it’s now raging into full public view.
At issue is whether the UN should modify the way it gives valuable carbon credits for climate-destroying refrigerant chemicals, and the stakes are high. The decision could reshape the $2.7 billion carbon crediting scheme known as the Clean Development Mechanism (CDM).
| Sourced From Greenleft |
The global carbon market, which trades
SINGAPORE (Reuters) – Indonesia has applied to join a World Bank program that supports developing nations’ efforts to fight deforestation and help them earn cash through the sale of tradable carbon credits.
The Bank’s $350 million Forest Carbon Partnership Facility aims to support developing states design and create projects under a U.N.-backed scheme that could eventually earn poorer nations billions of dollars a year by protecting their forests.
Continue Reading on Reuters
| Sourced From Standard Today |
The World Bank has agreed to purchase carbon emission reduction credits worth $3.2 million from the bioethanol project of Roxas Holdings Inc. in Negros Occidental over the next four years.
ARLINGTON, VA October 23, 2008 The Nature Conservancy this week was appointed to serve on the governing panel of the World Banks Forest Carbon Partnership Facility (FCPF)
UNITED ARAB EMIRATES: An official with the World Bank said the organization is looking at future demand for the Clean Development Mechanism (CDM) market in reducing greenhouse gas emissions beyond 2008. Speaking at the World Carbon Emission Reduction Summit today in Abu Dhabi, the official was quick to point out that policy vacuum should be addressed and that smart regulation and properly funded clean technology measures needed for the CDM market to succeed.
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GEORGETOWN, Guyana: Guyanas minister of agriculture, Robert Persaud, who has responsibility for forestry, will be leading a high level team from Guyana to participate in the Eligible REDD Country (Reduced Emissions from Deforestation and Forest Degradation) and participate in the World Bank’s Forest Carbon Partnership Facility (FCPF).
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