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Home > "Forest Carbon Market Already Shows Cracks"

"Forest Carbon Market Already Shows Cracks" [1]

"LONDON/NUSA DUA, Indonesia, June 4 (Reuters) - It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.

A forest carbon market is emerging in anticipation of a global, U.N. climate deal in December in Copenhagen, expected to allow rich countries to pay to protect rainforests as a cheap alternative to cutting their own greenhouse gases.

Officials in Papua New Guinea (PNG) have underlined how things may go awry.

Reuters has uncovered evidence of a multi-million-dollar offer of assistance from carbon brokers to a government agency, and confusion over whether offset sales were from valid projects."

Gerard Wynn and Sunanda Creagh report for Reuters June 3, 2009. [2]

Climate Change [3]
International [4]
Public [5]
Source: Reuters [2], 06/04/2009
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Source URL:https://www.sej.org/headlines/forest-carbon-market-already-shows-cracks

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[1] https://www.sej.org/headlines/forest-carbon-market-already-shows-cracks [2] http://www.reuters.com/article/latestCrisis/idUSL171901 [3] https://www.sej.org/category/topics-beat/climate-change [4] https://www.sej.org/category/region/international [5] https://www.sej.org/taxonomy/term/81