In 2012, the value of global carbon markets fell by 35%, from €96 billion to €62 billion. The average global carbon price fell by 49% to €5.82 per tonne in 2012, down from €11.45/t in 2011 and €13.09/t in 2010.
Tag: Carbon Offsets
Gas extraction and REDD in Peru: You can’t have your cake and eat it
Peru’s Vice Ministry of Interculturalism is currently carrying out a project to protect Territorial Reserves for Indigenous Peoples living in voluntary isolation or in initial contact. The US$1 million project is funded by the Inter-American Development Bank.
Indonesia: Governor of Aceh puts forests under threat
In January 2013, chairman of the Aceh parliament’s spatial planning committee, told Australian journalist Michael Bachelard that a proposed new spatial plan for Aceh would reduce the total forest cover in the province from about 68% to 45%.
How much does a carbon credit cost? “There is no such thing as a generic price,” says ClimateCare’s Edward Hanrahan
By Chris Lang In November 2012, the BBC broadcast a programme about a company called Enviro Associates that is selling voluntary carbon credits as an investment. Enviro Associates was offering carbon credits for sale at a price of £5.50 each.
Al Jazeera reports on “carbon pirate”, David Nilsson, in Peru
Al Jazeera recently picked up the story about David Nilsson’s questionable REDD carbon trading activities in Peru. REDD-Monitor has been following this story since April 2011 when Indigenous organisations AIDESEP and COICA produced a statement condemning Nilsson and demanding that the public prosecutor’s office intervene by expelling Nilsson from Peru.