GLASGOW, Nov 3 (Thomson Reuters Foundation) – Billions of dollars in rainforest investment promised at the UN climate conference in Glasgow should help support the rights of indigenous peoples, not just help companies reduce emissions greenhouse, carbon market experts said Wednesday.
“Much of the discussion has focused on what (carbon trading) can do for large corporations in the Western world,” said Adriaan Korthuis, co-founder of the Climate Focus think-tank in Rotterdam.
A growing buzz of companies has signed voluntary promises of zero net emissions, which they now have to fulfill by reducing their emissions or buying compensation elsewhere – often through forestry projects.
This is expected to lead to an increase in demand for nature-related compensation.
But “indigenous peoples and local communities so far their position, their rights, their interests have been largely ignored,” Korthuis said at a forestry seminar at the UN COP26 climate conference in Glasgow, via video link.
On Wednesday, banks, insurers and investors with $ 130 trillion available pledged to put climate change at the center of their business.
Earlier Monday, more than 100 global leaders pledged to halt and reverse deforestation and land degradation by 2030, backed by $ 19 billion in public and private funding to invest in forest protection and restoration.
The announcements are fantastic, said Naomi Swickard of Verra, which helps set standards for carbon credit certification.
However, she said, the planned $ 19 billion was not close enough to harness the full power of nature to help tackle climate change.
LACK OF SUPERVISION
Data from the Forest Trends Ecosystem Marketplace, which tracks nature-related rapidly expanding carbon trading, said the average price paid for a tonne of carbon dioxide absorbed in 2020 was $ 2.51.
So far in 2021, according to the data, 54% more compensations have been issued than in 2020.
But carbon and forest trading experts at COP26 said host governments are doing too little to oversee transactions in expanding voluntary carbon markets (VCMs).
Most governments do not know what is going on in VCMs in their countries, Korthuis said, urging them to start creating a project database before turning to more difficult issues, including how of performing fair and accurate carbon accounting.
Hot potatoes are the way you compare alleged emission reductions through voluntary carbon markets and those in government-run formal carbon markets, he said.
“We really do not know how these two systems can be compared.
Talks are under way at the Glasgow bi-weekly conference to draw up rules to govern carbon markets – one of the final parts of a book of rules governing the Paris Agreement.
Rules for carbon markets can help expand and foster confidence in voluntary markets.
A Task Force to Boost Voluntary Carbon Markets, overseen by former Bank of England chief Mark Carney, is seeking to help set the rules.
Some environmental groups oppose the expansion of carbon markets, saying companies and countries should focus on reducing their emissions, not buying loans to offset emissions by conserving or planting forests.
We are extremely, extremely skeptical of this as a solution, said Greenpeace climate activist Charlie Kronick.
The best way to limit the average rise in global temperatures to the limit of the Paris Agreement’s highest ambitions of “1.5 degrees Celsius” is through emission reductions. This cannot be done with compensation, he said.
Investing in forest protection and “other nature-based solutions” to climate change through voluntary carbon markets “can help bridge the gap” when investors need to cut more carbon than they can in their operations , said Annie Groth, an analyst at Biofilica. a brazilian carbon credit company.
“But it is not a silver bullet,” she said.
She said voluntary carbon markets were often mis-characterized “as a policeman by governments and corporations who did not take action to reduce emissions.”
WWF environmental group Damian Fleming said there have been many failed attempts to stem the still accelerating forest losses worldwide, especially in key tropical forest locations.
They include the 2014 New York Declaration on Forests (NYDF), the United Nations Sustainability Objectives and many objectives set by global household brands.
However, the new efforts launched at COP26 to protect forests should provide “cause for cautious optimism” because of the broad support of governments and the promise of billions of dollars.
But “the goals of the Paris Agreement are impossible without effective participation for indigenous peoples and communities,” he added.
Reporting by Alister Doyle; edited by Laurie Goering: (Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters. Visit http://news.trust.org/climate))
Our standards: Principles of Trust by Thomson Reuters.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
- Liquid again! Jokowi publishes the latest amount of this PNS allocation June 24, 2022
- US to send $450 million in security aid to Ukraine in latest package June 24, 2022
- The Alabama actor has an iconic role in Obi Wan Kenobi June 24, 2022
- Table tennis player Archana Kamath’s request to be included in Indian team for competition rejected by court June 24, 2022
- According to Google, ISPs helped attackers infect targeted smartphones with Hermit spyware. June 24, 2022