- Growing demand for carbon offset credits
- Most companies focus on small projects, such as planting trees. 'trees
- Supporting government initiatives would have a greater impact
LONDON, July 22 (Hfrance.fr) - Companies seeking to compensateTheir emissions from global warming may have a bigger impact on government initiatives to stop the destruction of forests rather than planting new trees, an environmental group said Thursday.
Demand for carbon offsets is increasing, prompting some of the world's largest companies to announce tree planting initiatives.
But a policy document drafted by Emergent, a US-based nonprofit in partnership with organizations including the United Nations for the environment, argued that these efforts are still a long way off. of what's needed.
"Are we trying to solve climate change here or do we have some good local impacts that we can put on a brochure ? ”Said Eron Bloomgarden, Executive Director of Emergent.
Currently, companies mainly buy carbon credits for relatively small prices. individual projects, many of which focus on planting trees, which make it easy to link their investments to specific outcomes.
Emergent said that 'With a rainforest the size of Central Park in New York City cleaned every 15 minutes, it is much more useful to help underfunded governments preserve existing forest.
TAPING THE PRIVATE SECTOR
Deforestation has a double whammy for reducing emissions, by removing trees that would have absorbed carbon dioxide from the atmosphere while releasing carbon that the trees had already stored.
Few effective mechanisms for companies to support the efforts of the gouhowever are available. Emergent therefore wants to establish a market for carbon offset credits linked to government-led tropical forest conservation initiatives.
About $ 1 billion in funding Global audience is available each year to support the initiatives of predominantly developing countries that are home to the world's tropical forests, said Frances Seymour, forestry and sustainability expert at the World Resources Institute.
Tens of billions of additional dollars were needed from the private sector, she said, and there was untapped demand in the global carbon market to close the gap.
"Such a demand could spur governments to do what only governments can do - actions to protect forests such as recognizing dindigenous rights, law enforcement and more effective regulation of commercial logging, "she said.
Bloomgarden and others, who have emphasized the need to ensure that programs bet to benefit the local communities they impact, admit that the approach is not perfect.
The drivers of deforestation are complex, often linked to corruption, organized crime and poverty, which makes them particularly difficult to address, said Giancarlo Raschio, senior registry official Gold Standard carbon offset.
"It 's not just a matter of having more resources ", he said declared. Edited by Katy Daigle and Joe Bavier
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