After a roller coaster two weeks, a Reducing Emissions from Deforestation and Degradation of forests (REDD+) package made it through the negotiations at the international climate conference in Warsaw. Other news included the first issuance of forest carbon offsets in California, the nixing of British Columbia’s Pacific Carbon Trust, and two new provincial carbon markets in China.
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26 November 2013 | After a roller coaster two weeks, a Reducing Emissions from Deforestation and Degradation of forests (REDD+) package made it through the negotiations at the international climate conference in Warsaw. Seven long years after it was placed on the agenda of the United Nations Framework Convention on Climate Change (UNFCCC), the Conference of the Parties (COP) last Friday
Together, the rules provide clear guidance on how countries can harvest available scientific data to create reliable snapshots of their forests over time and use them to create deforestation reference levels that will be recognized by the UNFCCC. Cumulatively dubbed the “REDD Rulebook”, the decisions are built on the same Intergovernmental Panel on Climate Change (IPCC) principles that that also provide a foundation for the voluntary carbon markets, and may help bring voluntary markets
A recent study by the Center for International Forestry Research (CIFOR) indicates that the Rulebook is coming at a time when many REDD pilot projects and subnational initiatives are
We have much more COP coverage and analysis to come over the next week, so keep reading the news at
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You’re Invited: Exclusive Warsaw Debrief Event, Washington DC
Forest Trends’ Ecosystem Marketplace, McGuireWoods and the International Emissions Trading Association (IETA) invite you to attend a special event exploring the interplay of progress and paralysis at COP19 in Warsaw, and its implications for new market mechanisms – including forest conservation finance. IETA President and CEO Dirk Forrister will headline the event, to be held on Wednesday, December 4th in Washington D.C. at the law offices of McGuireWoods (2001 K Street N.W., Suite 400). An expert panel will present at 5:15PM, including a brief presentation of findings from the 2013 State of the Forest Carbon Markets report from Ecosystem Marketplace – with discussion and reception to follow. Space is limited!
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