June 11, 2007

‘Avoided Deforestation’ Gets World Bank Investment

Bookmark and Share Email this story Print this post Add your comments

The World BankĀ got G8 supportĀ to start a $250 million investment fund to reward countries such as Indonesia, Brazil and Congo for “avoided deforestation,” The Wall Street Journal reports.

But companies and governments aren’t likely to put much money into the fund unless they sense that saving trees will qualify as a means of generating emission “credits” on the international carbon market.

Amid intensifying global-warming regulations, the project could give developed countries – and companies based there – a cheap way to offset their obligation to curb their own energy-related emissions at home.

But whether the World Bank’s fund will draw much investment is unclear. Under the Kyoto Protocol, saving existing trees doesn’t qualify as a means of generating emission “credits” on the international carbon market.

Bookmark and Share Email this story Print this post Add your comments

Advertisers

Join the Discussion

Get EL Daily in your inbox, subscribe to free newsletter

Recent Daily News [ see all ]

  • 02/09/2010
  • 02/08/2010
  • 02/05/2010

Recent Jobs

Post a Job
Jobs powered by Simply Hired

Comments and Discussions

John Bergdoll on Accidental to Purposeful Sustainability: Using What You Already Have to Grow Sustainability
"I was following the logic your article..."

Liz Amason on Clorox Comes Clean With Chemical Content on Web Site
"But look at their ingredients listings. For example, their regular liquid bleach..."

Rigidflexibility on Companies Going Green Should Ignore Green Consumer
"I was about to market a metal working fluid that is 98>% Soybean oil and..."

Stuart on Canadian Environment Minister Denounces Quebec Vehicle Emissions Regs
"Canadians have been waiting for the feds to act on climate change for..."

Steve Wolford on Sports Teams Embrace Sustainability
"Hello Environmental Leader, We just returned from the National Sport Forum in Baltimore. Team and..."

Mauibrad on Bipartisan Senatorial Effort Seeks Cap and Trade for non-CO2 Emissions
"Finally some enlightened ideas out of Congress!"

Cameron Green on Data Centers Can Apply for Energy Star Rating in June
"I did a blog post about this. Essentially PUE doesn’t give you very much..."