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February 23, 2010
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The Ecosystem Marketplace's Forest Carbon News
Tracking Terrestrial Carbon
So much has happened over the past few months – we almost don’t know where to begin! From Copenhagen outcomes, to the launch of our State of the Forest Carbon Markets 2009 report and the new and improved Forest Carbon Portal – we’ve been working over time to bring you the latest in forest carbon developments.
State of the Forest Carbon Markets 2009
On January 13th and 14th we launched the State of the Forest Carbon Markets 2009 report
(in New York and Washington, DC, respectively), with generous support from the World Bank BioCarbon Fund, Biological Capital, Ecosystem Restoration Associates, and Baker McKenzie, as well as funding from the United States Agency for International Development (USAID), the David and Lucile Packard Foundation, the Norwegian Agency for Development Cooperation, the United Kingdom’s Department for International Development and the Surdna Foundation. One year in the making, Ecosystem Marketplace surveyed over 100 market participants, accounting for 230 projects spanning 40 countries and a 20-year time period. Check out the Forest Carbon Portal to access the full report and results.
In anticipation of Ecosystem Marketplace's next report - State of the Voluntary Carbon Markets 2010 - we ask that you please participate in our survey by February 26. The State of the Voluntary Carbon Markets 2010 report represents the premiere report for the industry and we need full participation to ensure the market size is accurately reflected. For any questions about confidentiality, content or report sponsorship, please contact Molly Peters Stanley at Ecosystem Marketplace (firstname.lastname@example.org) or telephone (+1 202- 298-
3005) or Tom Marcello at Bloomberg New Energy Finance by email
(email@example.com) or telephone (+1 646-214-6172). Otherwise, please click on the link below to complete the survey. We thank you in advance for your participation!
Launch of the New Forest Carbon Portal
On Friday February 19th, we began rolling out the latest, greatest Forest Carbon Portal. This new version offers a more interactive site where users can create profiles in the member directory, join and start discussions in ‘Carbon Connections,' comment on articles, upload projects, resources, events and job opportunities. We hope the new portal will facilitate greater discussion and connectivity among forest carbon practitioners worldwide. Don't worry about updating your bookmarks, because you can access the new Forest Carbon Portal from our regular site, www.forestcarbonportal.com
. To take full advantage of these new functionalities, we invite our readers to create user profiles for our professional directory. To access detailed instructions for creating a profile, click here
. To read an Ecosystem Marketplace article regarding the evolution of the Portal and the emerging Forest Carbon Portal community, click here
As delegates returned from a dismal two weeks of negotiations in Copenhagen, one topic emerged as a ray of hope amidst the uncertainty. Although it did not establish official guidelines as hoped, the Copenhagen Accord
did set the stage for REDD as part of a broader climate change agreement to be revisited in 2010. Many areas under debate will hopefully see heightened negotiation over the next year and an eventual agreement in Mexico City in 2010. For an analysis of the outcome of Copenhagen in REDD+, read the Ecosystem Marketplace article, What does Copenhagen mean for the Private Sector in REDD-plus?
In fact, the REDD+ debate took many forms at Copenhagen, including a joint submission
from a consortium of NGOs (among them Forest Trends) over the importance of responsible forestry as part of a REDD mechanism and the introduction of the Climate, Community and Biodiversity Alliance’s new REDD + Social and Environmental standards
, to name just two. Along these lines, The UN Environment Programme’s World Conservation Monitoring Centre (UNEP-WCMC), in collaboration with a range of organizations, participated in a study identifying areas where carbon and biodiversity benefits could be maximized, including global biodiversity hotspots.
Leading up to Copenhagen, supporters were determined to quell concerns among REDD opponents over questions of measuring and monitoring. Technological advancements included the release of Forest Monitoring for Action (FORMA), a new online tool that can monitor forest loss in areas as small as a square kilometer, an agreement between the UN Food and Agriculture Organization and Brazil’s National Institute for Space Research (INPE) to collaborate on emissions measuring and reporting, and Google’s new monitoring tool which merges data from Google Earth, the Carnegie Institution for Science and Imazon. Finally, a landmark legal opinion
concluded that Brazilian law gives the Suruí and other Indigenous Peoples who act as rainforest stewards the right to carbon credits generated under future global warming deals. This outcome, supporting indigenous participation in carbon markets, has already generated global repercussions and will hopefully ease fears about the mechanism’s potential impact on Indigenous Peoples.
In conclusion, uncertainty following the Copenhagen discussions has been tempered by progress and enhanced support for an eventual REDD agreement. We hope to see debate, support, and pilot projects continue to grow over the next year, as we wait anxiously for a finalized text and general consensus. Check out the new Forest Carbon Portal for continued updates!
—The Ecosystem Marketplace Team
If you have comments or would like to submit news stories, write to us at firstname.lastname@example.org.
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ABOUT THE FOREST CARBON PORTAL
The Forest Carbon Portal provides relevant daily news, a bi-weekly news brief, feature articles, a calendar of events, a searchable member directory, a jobs board, a library of tools and resources. The Portal also includes the Forest Carbon Project Inventory, an international database of projects including those in the pipeline. Projects are described with consistent 'nutrition labels' and allow viewers to contact project developers.
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ABOUT THE ECOSYSTEM MARKETPLACE
Ecosystem Marketplace is a project of Forest Trends, a tax-exempt corporation under Section 501(c)3. This newsletter and other dimensions of our voluntary carbon markets program are funded by a series of international development agencies, philanthropic foundations, and private sector organizations. For more information on donating to Ecosystem Marketplace, please contact email@example.com.
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