REDD+ Investment
February 05, 2014
A new report has revealed that demand for carbon emission reductions from REDD+ could be as little as 3 percent of the supply between 2015 and 2020, which would result in the United Nation’s key initiative to reduce the emissions of greenhouse gases from deforestation and forest degradation being, essentially, still born. The report, Stimulating Interim Demand for REDD+ Emission Reductions: The Need for a Strategic Intervention from 2015 to 2020, explains the risks of doing nothing, and outlines a suite of options for increasing demand.
Sumatra's disappearing rainforest 1950-2010
January 29, 2014
Almost a year on from a similar move by its major rival, and in response to rising pressure from NGOs and the business community, manufacturer Asia Pacific Resources International Limited (APRIL) – the region’s second-largest pulp and paper firm – has unveiled an upgraded Sustainable Forest Management Policy.
Green India Mission
January 24, 2014
India’s central government looks set to approve INR130 billion (USD2.0 billion) of funding to get the Green India Mission under way. First mooted in 2011, the Green India Mission (GIM) is a 10-year program aimed at improving the quality of five million hectares of degraded forests and bringing another five million hectares of non-forest areas under forest cover through social and farm forestry.
Asia Pacific Resources International Ltd (APRIL), the second largest pulp and paper company in Indonesia, has been threatened with expulsion from the World Business Council for Sustainable Development (WBCSD) – a coalition of some 200 international companies that claim to be committed to sustainability – unless it can demonstrate that it has ended its role in deforestation.
January 20, 2014
A new standard to measure carbon for rainforests was launched last week in Bali, Indonesia which designates the island’s forest conservation site as the pilot project for research to develop a carbon credit mechanism. Launched by the Consortium for Rainforest Standards in Indonesia, this landmark initiative is expected to help reduce the loss of Indonesia’s tropical forests and biodiversity, according to a report in the Jakarta Post.
Trans-Pacific Partnership Leak
Read Full Story Green groups from around the globe up in arms after WikiLeaks late last week released the secret draft text for the entire TPP (Trans-Pacific Partnership) Environment Chapter and the corresponding Chairs' Report. The TPP transnational legal regime would cover 12 countries initially and encompass 40 percent of global GDP and one-third of world trade.
7 biggest emitters
A new study by Canadian researchers from Montreal’s Concordia University pins the majority of blame for global warming square on the shoulders of seven countries: the United States, China, Russia, Brazil, India, Germany and the United Kingdom. The study “National contributions to observed global warming”, published yesterday in the journal Environmental Research Letters, reveals that these countries were collectively responsible for more than 60 percent of pre-2005 global warming.
Read Full Story An Indonesian court has found the palm oil company PT Kallista Alam guilty of illegally burning large swathes of the Tripa peat forest, which lies within Sumatra’s Leuser Ecosystem, the only place on Earth where tigers, elephants, rhinos, and orangutans can be found living together in the wild.
POSCO India protest
January 10, 2014
Korean steel giant Posco appears to have got its plan to build a huge steel plant and port infrastructure in the Indian state of Orissa back on track with the country’s Ministry of Environment and Forests reinstating its environmental clearances. The caveat, however, that the company will have to pay out USD600 million in “social commitments”, raising the total project cost to USD12.6 billion.
Torstein Dale Sjøtveit, Sarawak Energy
January 08, 2014
It has been reported by Swiss-German rainforest NGO Bruno Masner Fund – citing “well-informed sources” – that Torstein Dale Sjøtveit, the controversial CEO of Sarawak Energy, will not have his contract renewed. The Norwegian was employed in December 2009 on a three-year contract which was prolonged in 2012 for another two years and will expire in November 2014. The generous contract earned 59-year old Sjøtveit an annual USD1.2 million plus a number of benefits and made him one of the best-paid managers of Malaysia.