Tropical deforestation and degradation account for as much as 19 percent of global greenhouse gas emissions today. But powerful market-based strategies for tackling such emissions are emerging.
A new look at the complex picture of land use change suggests that when it comes to forests, we’re far from being out of the woods.
For example, Peru has leased out 60 percent of its share of Amazon rainforest as oil and gas concessions. This huge swathe of open-for-development land overlaps 70 percent of all indigenous communities in the nation.
Minister Manuel Pulgar Vidal said he expects seal the deal around the mechanism for Reducing Emissions from Deforestation and Forest Degradation, during the 20th UN Climate Change Conference, which takes place this year in Peru.
Recognizing the Reducing Emissions from Deforestation and Forest Degradation program in California’s carbon market would provide real incentives for further reductions.
The economic and political conditions in Peru favor an increase in deforestation, despite the country having set a target of zero net deforestation by 2021, a new study shows.
Investment Plan Projects in Peru are the result of coordination between Amazonian indigenous organizations and the Peruvian government.
By compensating actions, Guyana pledged to save their tropical rainforest of destructive activities of miners seeking another fortune, buried under this fragile ecosystem.
Disney bought 437,000 VCUs (verified carbon units) issued by the Alto Mayo Initiative, a project that aims to protect 2.8 million hectares of tropical forest in northeastern Peru.
Norwegian representatives explained that the donation, held at the World Forum of the United Nations Program for Environment (UNEP), in Nairobi (Kenya), was because the protection of the Amazon is a priority for this country. So some of the money will fund projects that ensure sustainable biodiversity and cultural heritage of the region.