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Cancun hopes to serve “oven-ready” REDD deal

Posted by Lindy on November 27, 2010


http://www.businessgreen.com/bg/news/1906674/cancun-hopes-serve-oven-ready-redd-deal

According to BusinessGreen (a green information service for businesses would you believe?) UK businesses should prepare for international climate change negotiators to strike a deal on how rich nations will pay to help reduce emissions from deforestation at Cancun.

Adam Gibbon from Rainforest Alliance said there was “great hope” negotiators will agree on the UN’s proposed reduced emissions from deforestation and degradation mechanism, known as REDD+. While some voluntary projects already exist, an international deal on REDD would boost investor confidence and scale up existing activities. He described the REDD element of negotiations as “oven ready”, citing comments made recently by the former head of the UN climate change secretariat, Yvo de Boer.

James Cameron, executive director of Climate Change Capital, said he too was optimistic a deal could be reached on forestry in Cancun, while the British delegation for Cancun is known to be similarly confident that progress on forestry protection can be delivered over the next two weeks.

Any agreement would throw up a range of commercial opportunities for UK businesses which could support rainforest projects by collaborating with local partners as project developers or offering technical services, such as accounting, satellite image analysis, and legal advice.

But there are still a number of issues that need resolving, including protection of indigenous peoples, and the need NOT to have deal through governments but to act directly with those who will be implementing the projects.

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