Little progress seems to have been made at the UN climate negotiations in Bonn over the past two weeks. Meanwhile, climate change is already having a serious impact on forests, through the increase in severity and frequency of droughts, fires and/or beetle attacks.
In a press release last month, Ecosystem Restoration Associates (ERA) announced that, “Through the development and monetization of high quality carbon offsets, the Mai Ndombe project will deliver ecosystem, social, economic, biodiversity and climatic benefits for communities within and beyond the project area.”
Earlier this month, Ecosystem Restoration Associates, a Canadian carbon trading company, announced a REDD-type project in the Democratic Republic of Congo. The company described the project as, “the first Forest Conservation Concession Contract awarded by the government of the DRC.”
This week, a Canadian mining company called East Asia Minerals Corporation, signed a Memorandum of Understanding to buy 50% of Carbon Conservation Pty Ltd. East Asia Minerals’ aim is simple: “Through the acquisition of a 50% equity interest in CC, the Company will develop a ‘green’ mining project which will use carbon and biodiversity offsets…