29 Sep '11, 6pm

Forest carbon projects rake in $178 million in 2010 via @mongabay

Forest carbon projects rake in $178 million in 2010 Jeremy Hance mongabay.com September 29, 2011 An aerial view of an Amazon tributary in Peru, one of the top countries for projects in the young forest carbon market. Photo by: Rhett A. Butler. Investors funneled $178 million into forest carbon projects intended to mitigate global climate change last year, according to a new report by Forest Trends' Ecosystem Marketplace. By trading a record 30.1 million tons of carbon dioxide equivalent (MtC02e), the market saw a 48 percent rise over 2009—including a rise in private investors over non-profits as well as greater support for the global program Reduced Emissions from Deforestation and forest Degradation (REDD)—shows that the burgeoning market may be beginning to make good on its promise to provide funds to save forests for their ecosystem services with an initial focus on car...

Full article: http://news.mongabay.com/2011/0929-hance_forest_carbon_ma...

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29 September 2010

29 September 2010

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