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Countries with remaining tropical forests ask for compensation for not cutting, probably with carbon credits: “avoided deforestation” recognised

Posted by gmarkets on 26 September, 2007

Essentially, countries with remaining tropical forests are asking to be compensated, prob­ably with carbon credits, for not logging them. The Kyoto Protocol, specifically excludes forest protection. Only replanting is eligible for assistance. According to Mark Forbes writing in The Age, (21/9/2007, p.11), multibillion-dollar plan to protect forests and lessen global warming is set to be backed by an alliance of nations home to more than 80 per cent of the world’s tropical rainforests.

Indonesia leads the way: The grouping of up to 20 countries was announced during UN talks on climate change in New York on last week, following a meeting chaired by Indonesian President Susilo Bambang Yudhoyono. It was expected to call for billions of dollars in climate change funding to be allocated to nations that preserve their forests. The alliance is expanding rapidly. Indonesian Foreign Minister Hassan Wirayuda said that a month ago, eight nations were to participate. Days ago, the number rose to 12 and now another eight have asked for invitations. Critically, the alliance includes Brazil and Indonesia, which are the world’s fourth-and third-largest greenhouse-gas emitters when deforestation is taken into account. Members also include Costa Rica, Colombia, the Congo, Malaysia, Mexico, Papua New Guinea and Peru. With Indonesia hosting the pivotal UN meeting in December to determine a new formula to combat global warming, Dr Yud­hoyono is in a unique position to shape the debate.

“Avoided deforestation”: The alliance aimed to increase the bargaining position of rainforest nations at the Bali negotiations in December to shape the successor to the Kyoto Protocol, Witoelar said. In an effort to swing attention away from reducing industrial carbon emissions, Witoelar said tropical forest management had to become part of the post-Kyoto agenda. The concept of “avoided deforestation” had to be recognised and rewarded, he said.

The Age, 21/9/2007, p. 11

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