Indonesia Pins Hopes on Forests at Bali Meeting | EcoEgg…….
November 21st, 2007
Carbon ranching is on the horizon.
The problem:
Indonesia’s forests are a massive natural store of carbon, but environmentalists say rampant cutting and burning of trees to feed the pulp, timber and palm oil sectors has made the country the world’s third-largest emitter of greenhouse gas emissions.
Indonesia’s forests, a treasure trove of plant and animal species including the threatened orangutan, emit a staggering 2.5 billion tonnes of carbon dioxide a year, according to a report sponsored by the World Bank and British development agency.
The solution:
Experts estimate Indonesia could earn more than $13 billion by preserving its forests if the carbon trading plan gets support in Bali.
To paraphrase Marcel Silvius, senior programme manager of Wetlands International, carbon will be the new world currency.
Entry Filed under: Cool Thing, Global Warming
Trackback this post