Carbon Offsets Daily

Daily carbon offset news, insight, community.

Trees Win Big as Forest Carbon Surges to Record Year

Washington, DC | Investors and buyers have funneled record amounts of capital into forestry projects that reduce greenhouse gas emissions by conserving forests and capturing carbon in trees, according to a global survey of carbon market participants published on Thursday by Forest Trends’ Ecosystem Marketplace.

The report, “State of the Forest Carbon Markets 2011: From Canopy to Currency,” documents a record $175 million flowing to support forest carbon projects in 2010, representing commitments to sequester enough carbon to offset nearly 30 million tons of carbon dioxide (CO2) emissions.
“Contracts for forest carbon offsets more than doubled over the past two years, likely due to international policy discussions, and increased awareness of the critical role forests play in sequestering carbon,” says Katherine Hamilton, Ecosystem Marketplace’s Director and a report author.

Co-author David Diaz, also of Ecosystem Marketplace, agrees with the clear signs of progress, but sees a long road ahead.

“These markets have shown tremendous innovation and growth, but we are still a long way from channeling a sufficient amount of funding to reign in global forest loss as a critical source of greenhouse gas emissions,” he said.
This is Ecosystem Marketplace’s second State of the Forest Carbon Markets report, which is compiled annually and builds upon data from hundreds of projects and interviews with dozens of market participants to uncover and analyzes trends by project type, country, and regulatory environment.

“This excellent source of information on market transactions in the forest realm is a vital part of our long-term vision to support land-use projects to reduce greenhouse gas emissions and combat climate change in an environmentally and socially responsible manner,” says Ellysar Baroudy, who manages the World Bank’s BioCarbon Fund.  “The forest carbon market is gaining momentum and it’s important to step back once a year, take stock of the achievements to date as well as the challenges, and use this data to prepare for the future.”

The report shows a decline in the number of projects that plant trees, a steady increase in projects that promote improved forest management, and a surge in projects that save endangered rainforests (REDD – Reduced Emissions from Deforestation and forest Degradation).  Indeed, despite being the source of the earliest carbon offset transactions, REDD projects roared back from near obscurity just a few years ago to account for nearly 70% of the market activity last year.

The report also finds an influx of private-sector project developers, investors and intermediaries willing to market these credits – a clear transition from previous years, when conservation non-profits paved the way by developing most of these projects.

“The influx of private-sector investment is a positive indication that some of the major financial firms have a level of confidence – albeit backed by early-stage market risk – that forest carbon projects will play a significant role in the future of carbon markets and in reducing global GHG emissions,” says Steve Baczko, Director of Commercialization for ERA Ecosystem Restoration Associates Inc.

A strong demand for projects with other environmental and social benefits beyond carbon reductions is also now apparent, particularly through independent certification of each project’s carbon reductions and broader environmental and community benefits.  In 2010, the leading standard for demonstrating carbon reductions was the Verified Carbon Standard (VCS), which was applied to more than half of the credits projects planned to deliver.  Beyond carbon, additional certifications to the Climate, Community & Biodiversity (CCB) Standards found widespread appeal.

The hundreds of projects tracked in this report (many of which have public profiles on Ecosystem Marketplace’s Forest Carbon Portal, www.forestcarbonportal.com), come from a broad spectrum of project developers, governments, indigenous and community groups, and the private sector demonstrate that forests projects can and are meeting many of the demands for high-quality emissions reductions.  What remains to be seen is whether this work of this diverse sector will be meaningfully scaled up and incorporated into the efforts international negotiators and other policymakers are now designing for the bigger fight against climate change and to conserve the world’s forests.

The State of the Forest Carbon Markets 2011 is public and freely available thanks to support from the report’s Premium Sponsors – Wildlife  Works Carbon, ERA Ecosystem Restoration Associates Inc., and the World Bank BioCarbon Fund – and Sponsors – Ecotrust, Face the Future, Forest Carbon Group, Det Norske Veritas, and Baker & McKenzie.
Support for Ecosystem Marketplace comes from USAID, the Gordon and Betty Moore Foundation, the David and Lucile Packard Foundation, the Norwegian Agency for Development Cooperation, the United Nations Development Programme, the Global Environment Facility, and the John D. and Catherine T. MacArthur Foundation.  For a copy of the report, please visit www.ecosystemmarketplace.com/reports/forestcarbon2011.

Tags: , , ,

Australia adds opt-in rule for polluters in CO2 scheme

 carbon price,” he added, such as carbon credits from long-term tree plantations. That could benefit carbon offset firms such as Carbon Conscious (CCF.AX) and CO2 Group, (COZ.AX), the country’s main developer of tree plantations for carbon offsets

Continue reading at Reuters.

Tags: , , , ,

Fairmont Reduces CO2 Emissions by 8.4%

Over the last few years, Fairmont has identified and implemented a number of key initiatives to help reduce its carbon footprint. These have included the creation of an internal framework to track, monitor and report on key energy and carbon data, 

Continue reading at Market Watch.

Tags: , , , , , , ,

  • Author:
  • Published: May 12th, 2011
  • Category: Europe
  • Comments: 2

European Carbon Permits Fall as Slow Economy May Sap Demand

European Union carbon permits fell this week, tracking losses in wider commodity markets after Central Bank President Jean-Claude Trichet signaled slow economic growth.
Continue Reading at Bloomberg

Tags: , ,

Analysis: EU carbon prices steady or up slightly over summer

(Reuters) – Prices for European Union carbon emissions permits are likely to remain steady or gain a few euros over the summer as increased buying due to German nuclear reactor shutdowns counterbalances a seasonal lull.

Continue Reading at

Tags: , ,

Rainforest families to reap benefits of carbon market

Located on the Colombia-Panama border in the Sierra del Darien, the initiative involves around 1,000 Afro-Colombian, mestizo and indigenous families. The monies will be received from the emerging voluntary carbon market and the community plan to dedicate it to five main investment areas: local forest governance; income generating projects (e.g. ecotourism and chocolate growing); forest monitoring; reforestation; and, improved logging practices.

Continue Reading at

Tags: ,

ANALYSIS-California faces risk in carbon gold rush -Point Carbon

Brisbane, May 2, 2011 (ABN Newswire) – Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to advise that testing of its 5 MW Power Station has commenced with the successful introduction of syngas to the first gas engine.

Continue Reading at

Tags: , ,

  • Author:
  • Published: May 6th, 2011
  • Category: USA
  • Comments: None

California Gambles on Carbon Trade

WASHINGTON California is putting its reputation as a pioneering environmental heavyweight on the line as it prepares to establish a carbon market in eight months.

Continue Reading at

Tags: , ,

‘World’s first’ carbon credit insurance launched

Underwriter Parhelion has launched what is says is the first insurance policy protecting the value of carbon credits should the projects generating them be deemed ineligible by regulatory bodies.

Continue Reading at

Tags: , ,

Carbon pooling advantage for farmers

POOLING of carbon and biomass will allow farmers to take advantage of opportunities in the billion dollar carbon market resulting from the Carbon Farming Initiative (CFI).

Continue Reading at SL.farmonline

Tags: , ,

South Pole Carbon Named As Best Project Developer In Environmental Finance

PRLog (Press Release)

Tags: , ,

EU carbon trading fully reopened

BRUSSELS, Belgium THREE months after the European Union shut down spot trading in emission certificates following cyber thefts in several countries, the last of the bloc’s national carbon registries will reopen today.

Continue Reading at

Tags: , ,

Swiss water firm taps Kenyas carbon market

A Swiss water treatment firm is seeking a piece of Kenyas carbon market through distribution of water purifiers to reduce the use of firewood and kerosene for water treatment in western Kenya.

Continue Reading at

Tags: , ,

  • Author:
  • Published: Apr 20th, 2011
  • Category: USA
  • Comments: None

California On Starting the First U.S. Carbon Market

“Across the world, all eyes are on California,” was stated several times during North America’s largest annual carbon conference this week in Los Angeles. It referred to the big timely news of the week, Governor Jerry Brown signing the AB 32 legislation requiring that 33% of energy come from renewable sources by 2020. At the event “Navigating the American Carbon World” government regulators, utility companies, nonprofits, and the world of investments, were excited about the introduction of a cap and trade program in the U.S

Continue Reading at

Tags: , ,

New Zealand spot carbon price slips

(Reuters) – New Zealand carbon prices drifted lower over the previous week, pressured by a weaker exchange rate and faltering prices for U.N. carbon offsets.

Continue Reading at

Tags: , ,

  • Author:
  • Published: Apr 16th, 2011
  • Category: USA
  • Comments: None

Koch Bros. Influence Felt in New Jersey as Governor Weighs Carbon Market Exit

New Jersey Governor Chris Christie is re-evaluating the state’s participation in a regional carbon trading program and could opt to withdraw within a few weeks.

Continue Reading at

Tags: , ,

KenGen taps green energy for lucrative carbon market

KenGen has launched a bid to tap electricity from solar power as it seeks to diversify its generating sources and shake off over-dependency on hydroelectric power, which is often vulnerable to rainfall shortages.

Continue Reading at

Tags: , ,

$12B Aussie govt programs failed to reduce carbon emissions, says report

A study of 14 years of Australian programs to tackle climate change shows that only a carbon market can reduce emissions quickly and deeply enough for Australia to meet its 2020 emissions target, according to an Australian public policy think tank.

Continue Reading at

Tags: , ,

Report: Eastern Europe must embrace carbon pricing

Effective carbon pricing is the most effective way of incentivising the private sector in countries in Eastern Europe and Central Asia to invest in energy efficiency and low-carbon technology.

Continue Reading at

Tags: , ,

EU steels itself for carbon rules challenge

A legal challenge to draft EU rules for including steel plants in Europe’s carbon emissions market is being planned by industry body Eurofer.

Continue Reading at

Tags: ,

PROTECTING THE DEVIL’S FORESTS: TASMANIAN FORESTS SAVED AND PRIVATE LANDOWNERS REWARDED

Tasmanian forests on private land will be preserved through an innovative programme that will prevent logging and provide income for landowners who protect their native forest land. 150,000 hectares of Tasmanian private forest will be protected from logging for 25 years.

Contact: Stephen Dickey, Managing Director.

Tags: ,

EU Carbon Market Still Oversupplied Despite Economic Recovery

April 2, 2011, LONDON, (Coal Geology)

Tags: ,

New Zealand spot carbon price flat, off highs

(Reuters) – New Zealand carbon prices inched higher over the previous week, but volume was weak as emitters were seen having largely met their 2010 needs and sellers held onto their units.

Continue Reading at

Tags: , ,

Australia at risk of being left behind, warns Deutsche Bank’s carbon specialist

Australia is at risk of being left out of the global carbon market and clean technology investment sector if further procrastination on legislating a local carbon market continues, warns Deutsche Bank’s Head of Carbon Emissions Research, Mark Lewis.

Continue Reading at

Tags: , ,

Swan, Hockey differ on carbon economics

The Gillard government and the opposition are at odds over the economic implications of a price on carbon.

Continue Reading at

Tags: , ,

© 2009 Carbon Offsets Daily. All Rights Reserved.

This blog is powered by Wordpress.