Tag Archives: carbon sinks

The Green Climate Fund and COVID-19

 The Green Climate Fund has promised developing nations it will ramp up efforts to help them tackle climate challenges as they strive to recover from the coronavirus pandemic, approving $879 million in backing for 15 new projects around the world…The Green Climate Fund (GCF) was set up under U.N. climate talks in 2010 to help developing nations tackle global warming, and started allocating money in 2015….

Small island states have criticised the pace and size of GCF assistance…Fiji’s U.N. Ambassador Satyendra Prasad said COVID-19 risked worsening the already high debt burden of small island nations, as tourism dived…The GCF  approved in August 2020 three new projects for island nations, including strengthening buildings to withstand hurricanes in Antigua and Barbuda, and installing solar power systems on farmland on Fiji’s Ovalau island.

It also gave the green light to payments rewarding reductions in deforestation in Colombia and Indonesia between 2014 and 2016. But more than 80 green groups opposed such funding. They said deforestation had since spiked and countries should not be rewarded for “paper reductions” in carbon emissions calculated from favourable baselines…. [T]he fund should take a hard look at whether the forest emission reductions it is paying for would be permanent.  It should also ensure the funding protects and benefits forest communities and indigenous people…

Other new projects included one for zero-deforestation cocoa production in Ivory Coast, providing rural villages in Senegal and Afghanistan with solar mini-grids, and conserving biodiversity on Indian Ocean islands.  The fund said initiatives like these would create jobs and support a green recovery from the coronavirus crisis.

Excerpts from Climate fund for poor nations vows to drive green COVID recovery, Reuters, Aug. 22, 2020

Don’t Cut that Tree!

A revolutionary new approach to measuring changes in forest carbon density has helped scientists determine that the tropics now emit more carbon than they capture, countering their role as a net carbon “sink.”*

“These findings provide the world with a wakeup call on forests,” said scientist Alessandro Baccini, the report’s lead author….Forests are the only carbon capture and storage ‘technology’ we have in our grasp that is safe, proven, inexpensive, immediately available at scale, and capable of providing beneficial ripple effects—from regulating rainfall patterns to providing livelihoods to indigenous communities.”

Using 12 years (2003-2014) of satellite imagery, laser remote sensing technology and field measurements, Baccini and his team were able to capture losses in forest carbon from wholesale deforestation as well as from more difficult-to-measure fine-scale degradation and disturbance …from smallholder farmers removing individual trees for fuel wood. These losses can be relatively small in any one place, but added up across large areas they become considerable.

[T] he researchers discovered that tropics represent a net source of carbon to the atmosphere — about 425 teragrams of carbon annually – which is more than the annual emissions from all cars and trucks in the United States.

Excerpts from New approach to measuring forest carbon density shows tropics now emit more carbon than they capture, Woods Hole Research Institute Press Release, Sept. 28, 2017

*Tropical forests are a net carbon source based on aboveground measurements of gain and loss by A. Baccini et al., Science, Sept. 28, 2017