Indigenous Peoples have not developed a position on emissions trading, either for or against, because it is up to local communities to decide their own position, said Victoria Tauli-Corpuz, chair of the UN Permanent Forum on Indigenous Issues and Executive Director of Tebtebba, at a side event in Bonn last week.
During the climate negotiations in Poznan, Brazil pushed for “forests in exhaustion” to be included under the Clean Development Mechanism. Currently, any plantation established on land that was forested after 1 January 1990 is excluded from the CDM.
“Including forest protection measures in carbon markets would crash the price of carbon by up to 75 percent and derail global efforts to tackle global warming,” says Greenpeace in a new report released on the sidelines of the U.N. climate talks in Bonn.
On the final day in Poznan, a dispute took place between Saudi Arabia and Brazil over the Clean Development Mechanism (CDM). Saudi Arabia wants carbon capture and storage to be included in the CDM. Brazil wants carbon credits for “forests in exhaustion”. Saudi Arabia’s motivation is obvious. It wants to continue extracting and selling oil….