Carbon cowboys: no international agreement exists on reducing emissions from forests, but that hasn't stopped companies attempting to profit from it.(PAPUA NEW GUINEA)

New Internationalist | September 1, 2009| | Copyright

The destruction of forests accounts for about 20 per cent of global greenhouse gas emissions. Governments, companies or forest owners should be rewarded for keeping their forests instead of cutting them down. It's a simple idea. But putting it into practice is proving immensely complicated.

There is currently no international agreement to reduce carbon emissions from forests, but negotiators are working on one. It's called 'Reduced emissions from deforestation and degradation', or REDD for short, and is being developed in the build up to December's UN climate ...

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