By Steve Zwick Published January 15, 2010
Editor's Note: This article was published originally by the Ecosystem Marketplace and is reprinted with permission.
The Copenhagen Accord may have disappointed many of us, but it also yielded agreement on the need to develop financing mechanisms for reducing greenhouse gas emissions from deforestation and forest degradation (REDD). For REDD to work, however, investors will have to be on board – and for that to happen, the forestry markets will have to become more transparent and trustworthy.
To promote that transparency and trustworthiness, Ecosystem Marketplace spent the past year speaking with more than 100 market participants -- 65 of whom develop forest protection and restoration projects, primarily in rainforest nations, and 37 of whom act as intermediaries. These participants accounted for 230 projects generating credits across 40 countries over the past 20 years.
The result is "State of the Forest Carbon Markets 2009: Taking Root & Branching Out" (pdf), which has been released with support from the World Bank BioCarbon Fund, Biological Capital, Ecosystem Restoration Associates and Baker McKenzie, as well as funding from the United States Agency for International Development (USAID), the David and Lucile Packard Foundation, the Norwegian Agency for Development Cooperation, the United Kingdom’s Department for International Development and the Surdna Foundation.
Rapid Growth and Recent Change
