Greenpeace targets forest carbon offsets in California's cap-and-trade
Commentary: Greenpeace report threatens climate change mitigation and tropical forests (09/25/2012) From 2008 through 2010, deforestation in the states of the Brazilian Amazon declined steeply, lowering reductions in CO2 emissions to the atmosphere by approximately 1.5 billion tons. During this same period, the 30 nations that participate in the world’s largest carbon market—the European Union’s “Emissions Trading Scheme” (EU ETS)—reduced emissions by about 1.9 billion tons (Figure 1). There is an important difference between these two extremely important steps towards emissions reductions. The first was achieved through climate-related donations of approximately US$ 0.47 billion. The second involved financial transactions of US$ 411 billion—roughly 875 times more money. Greenpeace’s new report , Outsourcing Hot Air , could help to slow—or reverse—the progress of tropical ...