The TembÃƒÂ© indigenous group, from the Brazilian state of ParÃƒÂ¡, hope to close the first contract in Brazil for the preservation of an Indigenous Territory through the sale of carbon credits before the end of May. The contract has been approved by FUNAI (Brazil's Federal Indian Agency) and the Federal University of Par¡, but has not yet been approved by the Temb people. The credits will be sold by the Brazilian company C-TRADE on the voluntary market. 85% of the profits from the sale of the carbon credits will be given directly to the tribe. Although the exact value has not yet been determined, they should be worth more than 1 million reais a year (approximately 480,000 USD). This money will be invested in community projects which have already started (such as honey production) and the remainder distributed equally between the families. FUNAI is concerned, however, that those who administer the funds will keep it for themselves, so benefits will not reach the whole community. (In Portuguese)
Bovespa president, Raymundo Magliano Filho, announced on 03/07, at a Bovespa event attended by Achim Steiner, executive director of the Programa das Naµes Unidas para o Meio Ambiente (PNUMA – United Nations’ Environment Program), that, as of April, Bolsa de Valores Sociais (BVS – Social Values Exchange) will enhance its performance to also include environmental projects as well. Accordingly, BVS will be renamed Bolsa de Valores Sociais & Ambientais (BVS&A – Social & Environmental Values Exchange). Founded in 2003 and maintained by Bovespa, BVS has raised funds for educational projects undertaken by Brazilian NGOs.
The Ecosystem Marketplace plays the fly on the wall at last week's Katoomba meeting in S Paulo, Brazil.
As the world begins to pay more attention to the voluntary carbon market, The Ecosystem Marketplace spotlights a pioneering project in Southern Mexico that has been using a sustainable development model to produce—and sell—carbon offsets for over ten years.
More and more people are trying to save nature by making sure our economy recognizes the value of the carbon she holds, the water she filters, and the other economic services she provides For the schemes they build to work, however, they need to know when to go big and when to go small That will be a central theme of the upcoming Katoomba Meeting in Vietnam, as it already has been in Latin America.
From Lima to Jakarta to the Hague, angry citizens are using courts to hold governments and companies accountable for climate change. That’s good for the climate, and maybe good for carbon markets – as companies become more and more sensitive to the risk of doing nothing.
Under the Hilltop Sand and Gravel landfill in Alexandria, Virginia, methane is stirring. But rather than leaking into the atmosphere, this gas is piped to a central location and then flared off into a less potent form. Local natural gas customers are paying for the project by offsetting their energy emissions.
Destroying refrigerant gases that have been phased out of production due to the Montreal Protocol has been a significant base for carbon offsetting in California’s cap-and-trade program. But as a recent trip to a recycling center in Compton, California showed, the process has to start somewhere.
Critics like to portray environmental regulation as a job killer, but the restoration economy now provides more jobs than mining, logging, or steel production – all while actually fixing the environment instead of destroying it – according to a new study.