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Buying carbon credits
Buying carbon credits












The island nation is suffering from climate change - weather events affecting agriculture, tourism, and housing. The Dominican Republic has the same economic and environmental pressures. In fact, 93% of the country is rainforest, and the country has one of the lowest deforestation rates in the world. Most of the land is maintained and used for tourism. But under REDD+ there is a national strategy that defines land use - and limits the mining to certain areas. And it could conflict with forest management. Gold mining is the South American country’s major economic driver.

buying carbon credits

“Compare this to the voluntary market that promises this, that, and the other to landowners.” “Under REDD+, there is a rigorous process: a country must prove it has protected its rainforest, and it has made carbon reductions before credits can be sold,” adds Consuela Paloeng, National Forest Monitoring System Program manager and Reporting specialist from Suriname, who spoke to this writer in Bonn.

buying carbon credits

The carbon impact ultimately trumped the carbon credit, allowing the communities to sell the wood and get paid to preserve some trees. While they prevented the deforestation of hillsides, they still cut down trees on the plains. Kevin Conrad, executive director of the rainforest coalition, points to Bolivia, where nongovernmental organizations gave communities money to save their forests. who are hoping to offset their carbon footprints. The land is part of a new project of 520 acres on private timberland that allows the private nonprofit Nisqually Land Trust to sell so-called "carbon credits" to individuals and companies - including Microsoft Corp. forest land adjacent to Mount Rainier National Park on Monday, Nov. Paula Swedeen, a forest policy specialist for the Washington Environmental Council, walks through. In other circumstances, they don’t understand the differences. Sometimes, companies buy credits because it makes for good public relations. But such trading platforms only work when financial transparency and enforcement mechanisms exist. As the boundaries become more stringent, CO2 levels fall. How does trading work? Governments set emissions limits, and companies that exceed them can sell credits to those unable to do so. But those evaluations are done by private groups - not parties of the Paris climate agreement, yet. Rather than fight that, the Americans and the British chose last November to let voluntary credits become part of the Paris agreement - if they are audited. Voluntary credit exchanges now achieve the vast majority of carbon offsets. The private sector is needed.” Liberia endorses REDD+ carbon credits - not voluntary credits that are difficult to verify. “Liberia is a rainforest nation that makes it possible for most of the world to breathe,” adds Tarpeh. Wilson Tarpeh, executive director of Liberia’s Environmental Protection Agency, told this writer in Bonn, Germany, at the United Nations Framework Convention on Climate Change meeting in June that the country has received a grant from Norway - “but not a penny from anyone else.” The people need jobs, and they need money to eat. Many competing interests want access to those forests - from loggers to farmers. But that has not materialized.Ĭonsider Liberia in West Africa, part of the Upper Guinea Forest that covers 10 nations Liberia represents 43% of that. Since 2009, the developed world has promised financing to make those trees worth more alive than dead or used for timber or farming. It is nature’s solution and the cheapest remedy to fight climate change - even more affordable than renewables. If the trees live on, they will continue to do that. The trees suck CO2 out of the atmosphere.

buying carbon credits

The rainforest nations have put a lot of effort into slowing their rate of deforestation. Professor Wilson Tarpeth James Brown Media














Buying carbon credits