Indonesia’s newly merged Environment and Forestry Ministry completed a major step in its restructuring last week with the inauguration of 13 director-generals, with important implications for President Joko "Jokowi" Widodo’s agendas on climate change, land reform and more.
With no trading of allowances since mid-January, businesses regulated by South Korea’s cap-and-trade program have made their dislike of the carbon markets well known. That stand-off will likely end next year, as the first compliance deadline approaches, but analysts warn that a scarce supply of offsets may increase the costs for companies then.
The world is overwhelmed by water stress and scarcity and sustainable water management in many forms is an absolute necessity. The good news is water practitioners are developing innovative solutions to water challenges that will be shared this week during the multi-sector, high level and collaborative World Water Forum.
The four-year-old government of Myanmar came in with a big promise to boost the economy, in part by ramping up agricultural production. But so far, all it’s ramped up is deforestation – destroying some of the most biodiverse land in the world, and then not even planting the farms it had planned to develop.
For the first time ever, India is including forest cover in its tax allocation formula earmarking $6 billion for results-based forest conservation-more than any other nation in the world. This means state government’s portion of tax revenue is partially dependent on how much forestland it has maintained.
In the two years since the implementation of California’s carbon market, the state’s Gross Domestic Product grew 2% while emissions in capped sectors dropped 3.8%. Across the pond, China has taken note. The nation is working closely with the Golden State through a number of partnerships-perhaps the most prominent being between the Air Resources Board and its Chinese counterpart known as the National Development and Reform Commission (NDRC).
The United States and China made headlines last year with their Climate Pact, but significant collaboration had already occurred at the subnational levels. Both California and several of China’s provinces launched emissions trading systems (ETS) in 2013, and they have been working together ever since. Now, a new report highlights the latest accomplishments and partnerships.
While negotiators here in Lima enter their last two days of talks, Indonesia says it will be ready to begin receiving results-based payments for REDD+ by 2016. In a wide-ranging talk delivered late last night, the head of the country’s REDD+ Agency said it had not only finished its reference levels, but had implemented institutional reforms that would make REDD+ a reality.
At the UN Climate Change Conference in Lima, five countries have submitted forest data that will be the basis for establishing reference levels. Brazil submitted its reference levels in the summer, and received approval last week.