![\"\"](\"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/01\/global_carbon_credit_jaresourcehub.org_.png?resize=819%2C459&ssl=1\")
<\/a><\/p>\nHer hard work helped put rainforest nations on a de facto fast track to attracting private finance, making it easier for companies to support national efforts to slow deforestation through \u201csovereign\u201d carbon credits. Because those credits are issued by federal governments under the Paris Agreement, they will drive up the price and raise more monies for forest preservation and infrastructure improvements.<\/p>\n
\u201cThe scientists have told us clearly the solution to climate change is to preserve the rainforests and the peat-lands,\u201d Bazaiba told a roundtable of rainforest representatives just three days before the conference concluded. \u201cThose elements are essential to save the planet \u2014 to save the island countries and a country like ours, the Congo. It is important for us to have a common voice and to speak loudly. We are the owner and the keeper of these forests.\u201d<\/p>\n
The Congo Basin is the earth\u2019s lungs \u2014 nature\u2019s way of cleansing the atmosphere. If its rainforests are not maintained, the tipping point will soon come, and there will be massive repercussions. Corporate finance is critical to raising funds to stop illegal logging and provide jobs.<\/p>\n
But the Democratic Republic of the Congo is also part of the Coalition for Rainforest Nations \u2014 an intergovernmental organization with more than 50 other rainforest nations. The vice prime minister thus cares deeply about the Global South. To that end, developing countries fought to include the REDD+ mechanism in the final agreement. Under that plan, governments account for their forest lands and set targets to stop deforestation. The United Nations Framework Convention on Climate Change evaluates that progress before approving their performance and emissions reductions.<\/p>\n
During the roundtable, Bazaiba wanted to know where every delegate was from \u2014 the interpersonal touch necessary to win over decision-makers. She also persuaded Brazil and Indonesia to back her efforts.<\/p>\n
\u201cThe plan finally puts to bed years of misinformation that UNFCCC REDD+ wasn\u2019t intended for companies or carbon markets. The private sector has always been welcome to support the efforts of rainforest nations. REDD+ sovereign carbon credits are of the highest environmental integrity and include some of the most incredible biodiversity on the planet,\u201d says Kevin Conrad, executive director of the Coalition for Rainforest Nations.<\/p>\n
The goal is to cut greenhouse gas emissions in half by 2030 to limit temperature increases to 1.5 degrees Celsius CEL 0.0%. A failure to do so means more extreme weather events and a costly economic fallout. The temperature rises are now close to 1.2 degrees. If we do nothing to mitigate emissions, it will take less than a decade to hit the 1.5-degree mark, says the Global Carbon Budget report.<\/p>\n
In November, the UNFCCC approved the West African country Gabon for 90 million tons of emissions reductions for slowing deforestation between 2010 and 2018. During this period, Gabon legislated against deforestation and protected the habitats of endangered species like the elephants, whose numbers grew from 60,000 to 90,000.<\/p>\n
Honduras and Belize will follow Gabon. Respectively, they will soon issue 5.6 million and 7.7 million tons of credits. Papua New Guinea will do the same in 2023, issuing 90 million tons of sovereign carbon credits.<\/p>\n
Lee White, Gabon\u2019s Minister of Water, Forests, the Sea, and Environment shared his experience going through the UNFCCC REDD+ auditing process, which he characterized as exhaustive and requiring multiple reviews and changes. He contrasted it with that of Norway \u2014 one of the only countries to invest directly in the rainforest nations. Norway paid Gabon $70 million to preserve its forests.<\/p>\n
\u201cI would say Norway\u2019s was five times less intense, five times less thorough than the UNFCCC audit,\u201d says White.<\/p>\n
And getting Brazil to support the rainforest cause is a significant shift. Lula da Silva takes the presidency in January, having edged out the incumbent president, Jair Bolsanaro, who assumed the office in 2019. Between 2010 and 2018, deforestation escalated, enabling 1 billion metric tons more CO2 to enter the atmosphere than the trees absorbed. According to Brazil’s National Institute for Space Research, much of that can be attributed to forest fires and deforestation to accommodate farming.<\/p>\n
But Lula will prioritize the environment. He came to COP27 with all the fanfare of a modern rock star, emphasizing the need to preserve the Amazon AMZN \u2013 1.2% \u00a0rainforests and setting a goal of zero deforestation by 2030. \u201cBrazil is back,\u201d he told a packed auditorium with an overflow room.<\/p>\n
\u201cThe threat to the Amazon forest is a combination of climate change and human impact slash and burn and agriculture. The more you fragment the forest, the more vulnerable it becomes to climate change and efficient controls. If it is not stopped, we can expect more warming,\u201d says Richard Betts, a scientist with the UK-based Met Office Hadley Centre, in a talk with this writer.<\/p>\n
\u201cCan deforestation of the Amazon be slowed? We are not past the point of no return. The forest helps to sustain its local climate. The forest maintains a wet climate,\u201d says Betts. \u201cThe countries that emit the least are already the hottest and suffer the worst droughts. They have more extreme climates, endangering human health.\u201d<\/p>\n
Alphabet, Disney, General Motors GM +1.7%, Honeywell, and Unilever UL +0.8% \u00a0are among the most significant buyers of carbon credits.<\/p>\n
Economic justice is urgent \u2014 to get the rainforest nations the financing they need to protect their trees and switch to greener fuels. For Gabon, revenues from sovereign carbon credit sales will go to forest preservation, paying off sovereign debt, and supporting its transition to a sustainable economy.<\/p>\n
Belize will use the carbon credit revenues for conservation, restoration, and climate adaptation \u2014 or to adjust to economic and social changes caused by warming. The proceeds will get shared with the traditional environmental stewards and for national development. Honduras will allocate funds for furniture-making and flooring. It will also build agroforestry businesses while planting trees to restore its forest. Eco-tourism will eventually become an enterprise.<\/p>\n
For every ton of CO2 emitted, half stays in the atmosphere while the forests and oceans store the other half. As oil dependence persists, forest-based solutions are worth more. The goal is, therefore, to manage the land and stop deforestation. As such, forests absorb 7.6 billion metric tons annually. But we must cut carbon emissions by 500 billion tons by 2050, according to the UNFCCC.<\/p>\n
\u201cThe voice of the Global South has been heard,\u201d says Simo Kilepa, Minister of Environment, Conservation, and Climate Change for Papua New Guinea.<\/p>\n
The Democratic Republic of the Congo\u2019s Vice Prime Minister, Eve Bazaiba deserves much gratitude. More than anyone, she outlined the import of forests and peatlands, paving the way for rainforest nations to get the private financing they need to slow deforestation. Gabon, Belize, and Honduras are the first to sell sovereign credits, which could have a cascading effect if they are fruitful. Indeed, nature now has value, providing developing nations with a potential economic punch. (Ken Silverstein)<\/p>\n
Source: forbes.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"A gloomy forecast hung over the rainforest nations in the waning days of the COP27 climate conference. But sunshine emerged once the Democratic Republic of the Congos\u2019s Vice Prime Minister, Eve Bazaiba, arrived \u2014 a real-life \u2018badass\u2019 who rallied African and South American nations to raise the profile of forests and peatlands.<\/p>\n","protected":false},"author":1,"featured_media":22524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708,3709],"tags":[],"class_list":["post-22523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\n
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Notable collaborations include a grant from Norway, tropical rainforest partnerships with Democratic Republic of the Congo and Brazil, and a strategic alliance between Pertamina\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21966,"url":"https:\/\/gapki.id\/en\/news\/2022\/09\/14\/exposing-ngos-ways-to-vilify-palm-oil\/","url_meta":{"origin":22523,"position":1},"title":"Exposing NGOs’ Ways To Vilify Palm Oil","author":"admin","date":"September 14, 2022","format":false,"excerpt":"Palm Oil Was Supposed to Help Save the Planet. Instead It Unleashed a Catastrophe. A decade ago, the U.S. mandated the use of vegetable oil in biofuels, leading to industrial-scale deforestation \u2014 and a huge spike in carbon emissions. CNN (2019) Kalimantan, Indonesia \u2014 Deep within the jungles of Indonesian\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/palmoil_price_theedgemarkets.com_.jpg?fit=979%2C578&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/palmoil_price_theedgemarkets.com_.jpg?fit=979%2C578&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/palmoil_price_theedgemarkets.com_.jpg?fit=979%2C578&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/palmoil_price_theedgemarkets.com_.jpg?fit=979%2C578&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":22349,"url":"https:\/\/gapki.id\/en\/news\/2022\/11\/25\/ispo-mspo-certifications-will-strengthen-due-diligence-law\/","url_meta":{"origin":22523,"position":2},"title":"ISPO & MSPO Certifications Will Strengthen Due Diligence Law","author":"admin","date":"November 25, 2022","format":false,"excerpt":"Tropical forests are being presented as a needed solution to fight climate change Markets including the European Union, the United Kingdom and the US are seeking to reduce the impact of their imported goods on tropical forests The European Union in particular, has a proposal to stop imported deforestation through\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/11\/ISPO_MSPO_logo.png?fit=782%2C389&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/11\/ISPO_MSPO_logo.png?fit=782%2C389&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/11\/ISPO_MSPO_logo.png?fit=782%2C389&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/11\/ISPO_MSPO_logo.png?fit=782%2C389&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29754,"url":"https:\/\/gapki.id\/en\/news\/2025\/05\/30\/eu-grades-4-countries-as-high-risk-under-eudr-excluding-ri\/","url_meta":{"origin":22523,"position":3},"title":"EU Grades 4 Countries As ‘High Risk’ Under EUDR, Excluding RI","author":"admin","date":"May 30, 2025","format":false,"excerpt":"BRUSSELS - Commodities from just four countries will face the strictest checks under the European Union's anti-deforestation law, with major forest nations including Brazil and Indonesia spared the toughest rules. The European Commission said in an act published on Thursday (23\/05\/2025) that the law would categorize goods imported from Belarus,\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/EUDR_palmoil_aprobi.or_.id_.jpg?fit=629%2C397&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/EUDR_palmoil_aprobi.or_.id_.jpg?fit=629%2C397&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/EUDR_palmoil_aprobi.or_.id_.jpg?fit=629%2C397&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21919,"url":"https:\/\/gapki.id\/en\/news\/2022\/09\/06\/opinion-eus-green-intention-turns-out-ungreen\/","url_meta":{"origin":22523,"position":4},"title":"OPINION: EU\u2019s Green Intention Turns Out Ungreen","author":"admin","date":"September 6, 2022","format":false,"excerpt":"Even the most well-intentioned efforts can go awry. Policies meant to accomplish one outcome, or prevent another, sometimes have unforeseen effects. The European Union is not exempt. At January\u2019s Paris biodiversity summit, some four dozen nations together pledged to safeguard one-third of their land and seas. The EU joined the\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_green_beiersdorf.com_.jpg?fit=1071%2C615&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_green_beiersdorf.com_.jpg?fit=1071%2C615&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_green_beiersdorf.com_.jpg?fit=1071%2C615&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_green_beiersdorf.com_.jpg?fit=1071%2C615&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_green_beiersdorf.com_.jpg?fit=1071%2C615&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":27930,"url":"https:\/\/gapki.id\/en\/news\/2024\/06\/02\/eu-to-delay-import-rules-after-many-countries-complaints\/","url_meta":{"origin":22523,"position":5},"title":"EU To Delay Import Rules After Many Countries\u2019 Complaints","author":"admin","date":"June 2, 2024","format":false,"excerpt":"LONDON - The EU intends to delay strict policing of imports from areas prone to deforestation after several governments in Asia, Africa and Latin America complained that the rules would be burdensome, unfair and scare off investors. Brussels will put off classification of countries into low, standard or high risk,\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/06\/oilpalm_palmoil_jakpost.net_.jpg?fit=610%2C366&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/06\/oilpalm_palmoil_jakpost.net_.jpg?fit=610%2C366&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/06\/oilpalm_palmoil_jakpost.net_.jpg?fit=610%2C366&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/global_carbon_credit_jaresourcehub.org_.png?fit=819%2C459&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/22523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=22523"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/22523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/22524"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=22523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=22523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=22523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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