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FORESTS REPORT DURBAN – FRIDAY 9 DECEMBER
09-Dec-2011
FINANCE SOURCES DROPPED FROM REDD TEXT
FORESTS REPORT DURBAN – FRIDAY 9 DECEMBER
from the Ecosystems Climate Alliance
FINANCE SOURCES DROPPED FROM REDD TEXT
REDD+ report for Friday 9 December – 13:30
Reducing Emissions from Deforestation and forest Degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries
Background:
· Talks on REDD finance text continued until early morning for the second straight day
· Disagreement centered on market mechanisms and how to address the concept of offsets and carbon markets
· At least five options on sources of finance were on the table throughout the day
Developments:
· Compromise language was put forward (by unconfirmed countries):
Ø …market based approaches could be developed by the COP
· Australia and Japan introduced the word including, as follows:
Ø …market based approaches could be developed[, including] by the COP
· Some countries (unconfirmed) disagreed with inclusion of the bracketed word “including” in text to be sent to ministers
Outlook: At the moment, the REDD decision on sources of finance lacks specific information on sources of finance.
Further report to come if there are later developments.
The Ecosystems Climate Alliance is comprised of eleven NGOs and a variety of affiliate organizations and individuals committed to keeping natural terrestrial ecosystems intact and their carbon out of the atmosphere. We are available for interviews, background and analysis. CONTACT: Don Lehr on +1 917 304 4058, dblehr@cs.com, or find us at the metal tables outside under the tent at the main entrance to ICC.