|Katherine Hamilton |
Forest Trends’ Ecosystem Marketplace
+1 203 430-9808
Forest Trends’ Ecosystem Marketplace
+1 202 298-3006
Friday, September 30, 2011
29 September 2011 | Washington, DC | Investors and buyers have funneled record amounts of capital into forestry projects that reduce greenhouse gas emissions by conserving forests and capturing carbon in trees, according to a global survey of carbon market participants published on Thursday by Forest Trends’ Ecosystem Marketplace.
The report, “State of the Forest Carbon Markets 2011: From Canopy to Currency,” documents a record $175 million flowing to support forest carbon projects in 2010, representing commitments to sequester enough carbon to offset nearly 30 million tons of carbon dioxide (CO2) emissions.
“Contracts for forest carbon offsets more than doubled over the past two years, likely due to international policy discussions, and increased awareness of the critical role forests play in sequestering carbon,” says Katherine Hamilton, Ecosystem Marketplace’s Director and a report author.
Co-author David Diaz, also of Ecosystem Marketplace, agrees with the clear signs of progress, but sees a long road ahead.
“These markets have shown tremendous innovation and growth, but we are still a long way from channeling a sufficient amount of funding to reign in global forest loss as a critical source of greenhouse gas emissions,” he said.
This is Ecosystem Marketplace’s second State of the Forest Carbon Markets report, which is compiled annually and builds upon data from hundreds of projects and interviews with dozens of market participants to uncover and analyzes trends by project type, country, and regulatory environment.
“This excellent source of information on market transactions in the forest realm is a vital part of our long-term vision to support land-use projects to reduce greenhouse gas emissions and combat climate change in an environmentally and socially responsible manner,” says Ellysar Baroudy, who manages the World Bank’s BioCarbon Fund. “The forest carbon market is gaining momentum and it's important to step back once a year, take stock of the achievements to date as well as the challenges, and use this data to prepare for the future.”
The report shows a decline in the number of projects that plant trees, a steady increase in projects that promote improved forest management, and a surge in projects that save endangered rainforests (REDD - Reduced Emissions from Deforestation and forest Degradation). Indeed, despite being the source of the earliest carbon offset transactions, REDD projects roared back from near obscurity just a few years ago to account for nearly 70% of the market activity last year.
The report also finds an influx of private-sector project developers, investors and intermediaries willing to market these credits – a clear transition from previous years, when conservation non-profits paved the way by developing most of these projects.
“The influx of private-sector investment is a positive indication that some of the major financial firms have a level of confidence – albeit backed by early-stage market risk – that forest carbon projects will play a significant role in the future of carbon markets and in reducing global GHG emissions,” says Steve Baczko, Director of Commercialization for ERA Ecosystem Restoration Associates Inc.
A strong demand for projects with other environmental and social benefits beyond carbon reductions is also now apparent, particularly through independent certification of each project’s carbon reductions and broader environmental and community benefits. In 2010, the leading standard for demonstrating carbon reductions was the Verified Carbon Standard (VCS), which was applied to more than half of the credits projects planned to deliver. Beyond carbon, additional certifications to the Climate, Community & Biodiversity (CCB) Standards found widespread appeal.
The hundreds of projects tracked in this report (many of which have public profiles on Ecosystem Marketplace’s Forest Carbon Portal, www.forestcarbonportal.com), come from a broad spectrum of project developers, governments, indigenous and community groups, and the private sector demonstrate that forests projects can and are meeting many of the demands for high-quality emissions reductions. What remains to be seen is whether this work of this diverse sector will be meaningfully scaled up and incorporated into the efforts international negotiators and other policymakers are now designing for the bigger fight against climate change and to conserve the world’s forests.
The State of the Forest Carbon Markets 2011 is public and freely available thanks to support from the report’s Premium Sponsors – Wildlife Works Carbon, ERA Ecosystem Restoration Associates Inc., and the World Bank BioCarbon Fund – and Sponsors – Ecotrust, Face the Future, Forest Carbon Group, Det Norske Veritas, and Baker & McKenzie.
Support for Ecosystem Marketplace comes from USAID, the Gordon and Betty Moore Foundation, the David and Lucile Packard Foundation, the Norwegian Agency for Development Cooperation, the United Nations Development Programme, the Global Environment Facility, and the John D. and Catherine T. MacArthur Foundation. For a copy of the report, please visit www.ecosystemmarketplace.com/reports/forestcarbon2011
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European Union plans to impose emission charges on airlines which fly into Europe. India is working along with 30 other countries and trying to counter this move.
Thursday, September 29, 2011
Siemens AG has a project financing division. The division is planning to increase its business and capture a lot of clients who are not able to meet their requirement from banks. The division provides finance for banks and hospitals. The division has been giving good returns and is one of the most profitable businesses for the company. The company plans to grow the assets to $27 billion by 2016.
U.K. is trying to produce renewable energy and has seen a quantum jump in it. The amount of renewable energy increased by 50 % as compared to last year. About 7.9 terawatt-hours of power was generated through renewable sources . This constituted about 9.6 % of the electricity which was supplied in the U.K.
Ethopia raising money through debt for Grand Ethiopian Renaissance Dam which will be on the Blue Nile River
Manufactures like SolarWorld AG are trying to file U.S. trade complaint against China. The case would be filed with Department of Commerce and the U.S. International Trade Commission in Washington
Solar manufacturers in U.S. are feeling the heat of Chinese manufacturers. Manufactures like SolarWorld AG are trying to file U.S. trade complaint against China. The case would be filed with Department of Commerce and the U.S. International Trade Commission in Washington. China is racing ahead in clean energy targets.
Reno, Nevada based Ram Power Corp. develops geothermal energy. The firm has appointed Shuman Moore as CEO
Ram Power Corp. develops geothermal energy. The firm is based out of Reno, Nevada .The firm’s CEO and President Walter M. Higgins resigned. Walter M. Higgins became the CEO after Hezy Ram who was also the founder of the company resigned. However he will still be the director of the company. Shuman Moore will be replacing him as CEO (chief executive officer). Shuman Moore was previously the CEO of Oski Energy LLC.
Sinohydro Group Ltd. is China’s largest hydroelectric dam builder. The company has raised about $2.1 billion in the initial public offering.
Toyota, General Electric Co. ( GE ) have all started using alternative materials and have dropped their consumption of rare-earth materials
Toyota, General Electric Co. ( GE ) have all started using alternative materials and have dropped their consumption of rare-earth materials. Rare-earth materials are used in cars and wind mills. This has resulted the drop in prices for cerium and lanthanum. The prices of these are expected to drop by 50 %. Neodymium and praseodymium may drop by 15%.
Deloitte, International Business Leaders Forum, the Pacific Institute and the German International Development Agency working towards sustainable water management under the CEO Water Mandate, part of the United Nations Global Compact
Deloitte working towards sustainable water management. It is developing a hub which will be used as a collaboration hub by the governments, non-profits, communities. The firm has joined hands with International Business Leaders Forum, the Pacific Institute and the German International Development Agency. There is a mandate under the CEO Water Mandate, part of the United Nations Global Compact.
Wednesday, September 28, 2011
Renewable Energy Corp. ASA is now planning to permanently close some of the solar energy component productions facilities in Narvik, Norway
Renewable Energy Corp. ASA is now planning to permanently close some of the solar energy component productions facilities in Norway. It is going to seek permission to do so. There is a global slump in the solar wafers and cells. The facilitate is at Narvik and the company has started talking to the representatives of the employees.
Energy Edge Technologies Corporation has helped Yuengling to improve energy efficiency in its brewery in Tampa Florida
Energy Edge Technologies Corporation has helped Yuengling to improve energy consumption. Yuengling has a brewery in Tampa Florida. The company has managed to improve energy efficiency by over 14 %. Yuengling is the oldest beer company in America which is still operating. Th eproject has an ROI of 18 months.
Panasonic the big electronics company is trying to recycle products to meet product life cycle regulations. It is using the software from SAP. SAP’s Recycling Administration software helps the company to classify the products after taking various parameters like type, weight, usage, destination, brand and category into consideration.
Closed loop thinking discussion at B4E Climate Summit 2011, London moderated by Andrew Steer, Special Envoy for Climate Change at The World Bank
There is a new philosophy in sustainability. That’s Closed loop thinking. This is a process of keeping the materials n the economic system without adversely impacting the health or the environment. These things were discussed in B4E Climate Summit 2011, which was held in London. The moderator was Andrew Steer, Special Envoy for Climate Change, The World Bank. The other people in the panel discussion were
- Ramon Arratia, Sustainability Director, Europe, Middle East, Africa & India, InterfaceFlor
- Steve Evans, Director, EPSRC Centre for Innovative Manufacturing in Industrial Sustainability
- Giles Hutchins, Global Director, Sustainability Solutions, AtoS
- Jeremy Oppenheim, Director & Global Lead, Sustainability & Resource Productivity, McKinsey & Company
- Steffan Saecker, Business Manager, SAFECHEM Europe
South Korea based polysilicon manufacturer OCI Co.’s shares dropped after Shinhan Investment Corp.’s analysis
OCI Co. is based out of South Korea. It is the country’s biggest polysilicon maker. The share prices of the company dropped after Shinhan Investment Corp. reduced the share- price estimate due to concern that profits will decline. The share prices dropped by as much as 13.5 %. Polysilicon is used for manufacturing solar panels.
Germany is the biggest solar market in the world. The country has installed about 664 megawatts of solar panels in June this year
Germany is the biggest solar market in the world. The country has installed about 664 megawatts of solar panels in June this year. This is a drop of about 69% compared to last year. These figures were released by German power grid regulator Bundesnetzagentur. Last year in the month of June about 2109 megawatts of solar panels were installed.
Obama administration will take more time to issue the fuel economy rule. The rule would have doubled the fuel economy for cars and light trucks by the year 2025. The rule was supposed to be out by Sept 30. However the administration will now take more time to write it and it may not be out before mid – November.
Nike Inc. starts venture capital firm is known as Sustainable Business & Innovation Lab for alternative energy and manufacturing efficiencies
Nike Inc. is the world’s largest company making sneakers. It is trying to reduce production costs and encouraging green-technology. It has founded a venture capital firm. The venture capital firm is known as Sustainable Business & Innovation Lab and will focuses on renewable energy and manufacturing efficiencies.
In the wider context of UNEP's Green Economy Initiative, OzonAction and the Economy & Trade Branch commissioned a report on the range of economic, social, environmental and institutional co-benefits of 25 years of Montreal Protocol implementation. The key findings will be presented during the roundtable discussion on "Montreal Protocol contribution to Green Economy" during the ministerial conference Environment for Europe in Astana, Kazakhstan, 21-23 September 2011. These lessons learnt have also been reflected in the Montreal Protocol Green Economy Quiz - Try and test your knowledge ... and feel free to invite your friends and colleagues to do the same:
From: OzoNews, UNEP
Tuesday, September 27, 2011
This video shows the session on The Nexus of Design, Art, and Sustainability at 2nd Annual Women In Green Forum. The event was held in Santa Monica Sheraton. The panelists are
* Ann Hand, Chief Executive Officer, Project Frog, Inc.
*Lori Dennis, ASID, LEED AP, Principal Interior Designer, Lori Dennis, Inc.
* Karen Stewart Brown, Co-founder & Vice President of Design, Stewart + Brown, Inc.
Tokyo Electric Power Co. ( TEPCO ) will need to restart its nuclear power plants to avoid insolvency. The only other option for the company is to raise electricity prices. The compensation cost for the Fukushima nuclear disaster has been huge. It is to the tune of $52 billion. The stock prices of the company has fallen in the Tokyo trading.
Robert Bosch GmbH is planning to produce alternating-current converters for solar power generators and compete with SMA Solar Technology AG
Dairyland Power Partners intends to buy electricy produced in a biogas plant owned by Bush Brothers & Co. in Augusta, Wisconsin
The Virtual Tour is a grassroots campaign committed to fight against climate change through the HCFC phase-out opportunity. After a short break the Virtual Tour is on the Road Again! The Virtual Tour’s next stop includes Antarctica, Bali and Durban where the climate negotiations will take place. We would like to encourage you to get more active on the Virtual Tour. Please feel free to send a message for International Ozone Day that will be posted at www.unep.org/ozonaction/virtualtour
From : OzoNews, UNEP
Solaria Energia & Medio Ambiente SA has joined hands with France based Akorsolfor rooftop solar modules
Scotland is putting up a fund which will invest in production of next generation offshore wind turbines
BAIF DEVELOPMENT RESEARCH FOUNDATION has been working in the state of Maharashtra in India in the area of Conservation, Biodiversity and Preservation of Natural Resources
BAIF DEVELOPMENT RESEARCH FOUNDATION has been working in the state of Maharashtra in India in the area of Conservation, Biodiversity and Preservation of Natural Resources. It tries to work for an integrated planning and implementation using 3-4 villages. The sources available are utilized at the optimal level.
Philippines has been pounded by typhoon Nesat, Mainla shut down. Typhoon weakened after crossing Philippines’ Sierra Madre mountains
Google is celebrating its 13th Birthday. What could be a better way to celebrate the birthday with its new social service Google+ hitting 15 million hits last week. The service was very recently opened for public and thereafter there has been a quantum jump in the hits. It jumped to 15 million hits from 1.1 millions a week.
Monday, September 26, 2011
South African power utility firm Eskom Holdings SOC Ltd. has signed loan agreement with African Development Bank
U.K. based Renewable Energy Generation Ltd. is expecting approval for a wind power project at Denzell Downs from Cornwall County Council
Dubai is planning to for solar power aggressively: Chief Executive Officer (CEO) of Dubai Electricity & Water Authority ( DEWA) Saeed Al Tayer
Ford Motor Co. is contemplating of making its electric cars in China with a local partner,: Ford Chief Executive Officer ( CEO ) Alan Mulally
Ikea CEO Mikael Ohlsson says that being private helps it to focus on sustainability, disclosed in CleanRevolution.org was launched by Climate Week NYC secretariat The Climate Group
Ikea is not traded on the stock exchange. It is owned privately. According to the firm as it is privately owned it helps it to focus on long term goals. This was disclosed by the CEO of the firm Mikael Ohlsson. He wrote it in a case study on CleanRevolution.org. The case study was prepared for the launch of Climate Week NYC. CleanRevolution.org was launched by Climate Week NYC secretariat The Climate Group
Airlines will be incurring cost to be a part of the European Union’s Emissions Trading Scheme ( EU ETS )
The airlines will be incurring cost to be a part of the European Union’s Emissions Trading Scheme ( EU ETS ) . They will incur about $1.5 billion in the year 2012. This has been estimated using a carbon price of 12 euro per ton. By the year 2020 they would have incurred a total cost of 10.4 billion euro. This was analyzed by Thomson Reuters Point Carbon.
Justin Smith is the head of sustainability at Woolworths. Woolworths recognized by World Economic Forum ( WEF ) and the Dow Jones
Justin Smith is the head of sustainability at Woolworths. He is speaking about sustainability in Woolworths. Woolworths is based out of Australia. It is a retail firm. Woolworths has been recognized by World Economic Forum ( WEF ) and the Dow Jones.
House of Representatives mustered enough support to clear a program for funding renewable energy projects
Democrats and a group of Republicans did not allow a spending bill to pass through the House of Representatives. However, the next day the House of Representatives mustered enough support to clear a program. The program was cleared after $100 million cuts in Energy Department loan guarantee program. The program will fund renewable energy projects. The program was started in 2009 with $2.4 billion.
GE Energy has partnered with AB InBev (Anheuser-Busch InBev) was energy efficiency and water saving for facilities in China
GE Energy has partnered with AB InBev (Anheuser-Busch InBev) . AB InBev is a global brewer. This is the first agreement the GE Energy has done with a food and beverage company. Together they will develop energy efficiency and water saving at Anheuser-Busch InBev facilities. These facilities would be primarily in China.
This is an annual publication dedicated to the ozone and climate protection and implementation of the Montreal Protocol, produced by the OzonAction Branch. The title of the 2011 Issue is "Tipping the Balance Towards Climate Protection through the HCFC Phase-Out". The OzonAction Special Issue 2011 will be launched during the upcoming Meeting of the Parties, Bali, Indonesia, 21–25 November 2011.
From : OzoNews, UNEP
Sunday, September 25, 2011
part of the Clinton Global Initiative yesterday, B Lab announced that 15 investors are putting across a preference for funds rated by Global Impact Investing Ratings System (GIIRS).
Investors have become conscious that companies should provide clean and reliable data on environment, sustainability. They are urging countries to mandate sustainability reports and make it a part of the annual reports. As a part of the Clinton Global Initiative yesterday, B Lab announced that 15 investors are putting across a preference for funds rated by Global Impact Investing Ratings System (GIIRS).