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With the fast-approaching launch of California’s cap-and-trade program, opinions surface on everything from the supply of offsets to the type of offsets available. The Forest Carbon Portal’s California update discusses different viewpoints expressed by project developers and the American Carbon Registry on the program’s offset supply and participation. Greenpeace also published a report in which it expresses opposition to REDD offsets in the carbon crediting scheme, to which California REDD Offsets Working Group member Daniel Nepstad provided a response. In the midst of these talks, the Governor’s Climate and Forests Task Force (GCF) met last week to discuss progress in its member states’ REDD+ initiatives.
Mergers and partnerships were also seen this week, as the Gold Standard announced it acquisition of the CarbonFix Standard and MOU with the Forest Stewardship Council (FSC), while Ecosystem Restoration Associates, Inc. (ERA) entered into non-binding letters of intent to acquire shares in two offset suppliers: Offsetters, which specializes in clean technology carbon offsets, and Carbon Credit Corporation, which specializes in land-based carbon offsets. VCS and Colombia-based Fundacion Natura will also be joining forces shortly to establish the necessary framework for a Colombian voluntary carbon market.
Meanwhile, REDD progress is seen at both the national and sub-national level with Oaxaca, Mexico establishing a state committee on REDD+, pilot activities advancing in Tanzania, Vietnam’s Prime Minister approving the World Bank’s R-PP program and Indonesia planning to test their safeguards system.
As Brazil’s Forest Code passes onto the President’s hands for more drafting, Vietnam officials from five provinces agree a deforestation halt is necessary for non-forestry projects. Japan and Indonesia take steps to portray their deforestation through improvements in their mapping systems, while in the Amazon seven countries join forces to depict their deforestation in an Amazon-wide map.
These and other stories from the forest carbon marketplace are summarized below, so keep reading! And if you value what you read in this news brief, consider supporting Ecosystem Marketplace’s Carbon Program as a Supporting Subscriber. Readers’ contributions help us keep the lights on and continue to deliver forest carbon market news and insights to your inbox biweekly and free of charge.
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