Gabon is the first country in Africa to receive results-based payments for reduced emissions from deforestation and forest degradation. The first payment is part of the breakthrough agreement between Gabon and the multi-donor UN-hostedCentral African Forest Initiative’s (CAFI)in 2019 for a total of $150 million over ten years.
At a high-level event organised on Tuesday, Sveinung Rotevatn, Norway’s Minister of Climate and Environment said on behalf of CAFI: “This is the first time an African country has been rewarded for reducing forest-related emissions at the national level. It is extremely important that Gabon has taken this first step. The country has demonstrated that with strong vision, dedication and drive, emissions reductions can be achieved in the Congo Basin forest.” Gabon is leading the way in maintaining its status of High Forest Cover Low Deforestation (HFLD) country. ..
Gabon has preserved much of its pristine rainforest since the early 2000s in creating 13 national parks, one of which is listed UNESCO World Heritage Site. Its forests absorb a total of 140 million tons of CO2 every year, the equivalent of removing 30 million cars from the road globally.
Gabon has also made significant advances in sustainable management of its timber resources outside the parks, with an ambition to ensure that all forest concessions are FSC-certified. Forest spans over 88% of its territory, and deforestation rates have been consistently low (less than 0.08%) since 1990. Gabon’s forests house pristine wildlife and megafauna including 60% of the remaining forest elephants, sometimes called the “architects” or “gardeners” of the forest for their roles in maintaining healthy ecosystems and recently listed as critically endangered.
No ecosystem is more important in mitigating the effects of climate change than tropical rainforest. And South-East Asia is home to the world’s third-biggest patch of it, behind the Amazon and Congo basins. Even though humans release carbon from these forests through logging, clear-felling for agriculture and other disruptions, some are so vast and fecund that the growth of the plants within them absorbs even more from the atmosphere. The Congo basin, for instance, locks up 600m tonnes of carbon a year more than it releases, according to the World Resources Institute (WRI), an international NGO that is equivalent to about a third of emissions from all American transport.
In contrast, such is the extent of clearing for plantations in South-East Asia’s rainforests, which run from Myanmar to Indonesia, that over the past 20 years they have turned from a growing carbon sink to a significant source of emissions—nearly 500m tonnes a year. Indonesia and Malaysia, home to the biggest expanses of pristine forest, have lost more than a third of it this century. Cambodia, Laos and Myanmar, relative newcomers to deforestation, are making up for lost time.
The Global Forest Watch, which uses satellite data to track tree cover, loss of virgin forest in Indonesia and Malaysia has slowed for the fourth year in row—a contrast with other parts of the world…The Leaf Coalition, backed by America, Britain and Norway, along with such corporate giants as Amazon, Airbnb, and Unilever, aims to create an international marketplace in which carbon credits can be sold for deforestation avoided. An initial $1bn has been pledged to reward countries for protecting forests. South-East Asia could be a big beneficiary,
Admittedly, curbing deforestation has been a cherished but elusive goal of climate campaigners for ages. A big un initiative to that end, called REDD+, was launched a decade ago, with Indonesia notably due for help. It never achieved its potential. Projects for conservation must jump through many hoops before approval. The risk is often that a patch of forest here may be preserved at the expense of another patch there. Projects are hard to monitor. The price set for carbon under the scheme, $5 a tonne, has been too low to overcome these hurdles.
The Leaf Initiative would double the price of carbon, making conservation more attractive. Whereas buyers of carbon credits under REDD+ pocketed profits from a rise in carbon prices, windfalls will now go to the country that sold the credits. Standards of monitoring are much improved. Crucially, the scheme will involve bigger units of land than previous efforts, the so-called jurisdictional approach. That reduces the risk of deforestation simply being displaced from a protected patch to an unprotected one.
Excerpts from Banyan: There is hope for South-East Asia’s beleaguered tropical forests, Economist, May 1, 2021
Some scientists argue that deforestation is not always harmful for the planet. Christopher A. Williams, a professor at Clark University’s Graduate School of Geography (Worcester, Massachusetts), says that instead of warming up the Earth, deforestation can actually cool it down. (See Climate impacts of U.S. forest loss span net warming to net cooling, Feb. 2021) But some experts are concerned that Williams’ work is likely to be misconstrued as permission to continue deforesting, which is not his intention.
It’s widely accepted that our existing forests are vital carbon sinks, and the best course of action is to stop deforestation, while rewilding and reforesting areas already lost. Deforestation contributes to climate change, can cause wildfires, desertification, soil erosion and most of all – releases huge amounts of carbon dioxide which causes global warming.
While the above may be true, Williams’ new research argues that there are two factors we are not acknowledging: the significance of location and something known as ‘the albedo effect’. Put simply, ‘the albedo effect’ is the process in which forests retain heat. Forests tend to be darker than other surfaces, which means they absorb more sunlight and hold onto heat, explains Williams. As a result, some scientists believe that deforestation gets rid of unwanted heat which is contributing to global warming.
“We found that in some parts of the country like the Intermountain West, more forest actually leads to a hotter planet when we consider the full climate impacts from both carbon and albedo effects,” says Professor Williams. He adds that it is important to consider the albedo effect of forests alongside their well-known carbon storage when aiming to cool the planet.
The team discovered that for approximately one quarter of the US, forest loss causes a persistent net cooling because the albedo effect outweighs the carbon effect. “It is all about putting the right trees in the right place,” explains Williams, “and studies like ours can help identify where the potential for cooling is greatest.”
For instance, loss of forests east of the Mississippi River caused planetary warming, while forest loss in the Intermountain and Rocky Mountain West led to a net cooling. “If we fail to consider both the carbon and the albedo effects, large-scale tree-planting initiatives, such as Canada’s 2Billion Trees Initiative and The Nature Conservancy’s Plant a Billion Trees campaign, could end up placing trees in locations that are counterproductive for cooling the climate system,” he says.
Maeve Campbell, DEFORESTATION COULD BE COOLING THE PLANET DOWN, Euronews, SAY SCIENTISTS, Feb. 17,2021
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
BBC has used satellite data to assess the severity of fires in Brazil, Indonesia, Siberia and Central Africa. It has concluded that although fires in 2019 have wrought significant damage to the environment, they have been worse in the past. More than 35,000 fires have been detected so far in 2019 in East Asia spreading smoky haze to Malaysia, Singapore, the south of Thailand and the Philippines, causing a significant deterioration in air quality. But this is substantially fewer than many other years including those, such as 2015, exacerbated by the El Nino effect which brought unusually dry weather.
In Indonesia, peatland is set alight by corporations and small-scale farmers to clear land for palm oil, pulp and paper plantations, and can spread into protected forested areas. The problem has accelerated in recent years as more land has been cleared for expanding plantations for the lucrative palm oil trade. Old palm trees on plantations that no longer bear fruit are often set on fire to be replaced by younger ones.
The number of recorded fires in Brazil rose significantly in 2019, but there were more in most years in the period 2002 to 2010. There is a similar pattern for other areas of Brazilian forestry that are not part of the Amazon basin. For 2019, we have data up to the end of August, and the overall area burnt for those eight months is 45,000 sq km. This has already surpassed all the area burnt in 2018, but appears unlikely to reach the peaks seen in the previous decade… “Fire signals an end of the deforestation process,” says Dr Michelle Kalamandeen, a tropical ecologist on the Amazon rainforest. “Those large giant rainforest trees that we often associate with the Amazon are chopped down, left to dry and then fire is used as a tool for clearing the land to prepare for pasture, crops or even illegal mining.”
The environmental campaign group Greenpeace has called the fires that have engulfed the Russian region of Siberia this year one of the worst outbreaks this century. The cloud of smoke generated was reported to have been the size of all the European Union countries combined. Forest fires in Siberia are common in the summer, but record-breaking temperatures and strong winds have made the situation particularly bad. Russia’s Federal Forestry Agency says more than 10 million hectares (100,000 sq km) have been affected since the start of 2019, already exceeding the total of 8.6 million for the whole of 2018…. Drawing on data for the number of fires, it is clear that there have been other bad years, notably in 2003.
Nasa satellites have identified thousands of fires in Angola, Zambia and DR Congo.However, these have not reached record levels. “I don’t think there’s any evidence that the fires we’re seeing in Africa are worse than we’ve seen in recent years,” Denis McClean, of the UN Disaster Risk Reduction agency, told the BBC. According to data analysed by Global Forest Watch, fires in DR Congo and Zambia are just above average for the season but have been higher in past years. In Angola, however, fires have been reported at close to record levels this year.
Some have drawn comparisons with the situation in the Amazon, but the fires in sub-Saharan Africa are different. Take DR Congo – most fires are being recorded in settled parts of the country’s southern, drier forest and savannah areas, and so far not in tropical rainforest. Experts say it is difficult to know what is causing these fires, which are seasonal. Many are likely to be on grassland, woodland or savannah in poor farming communities. “Fires are very important landscape management tools and are used to clear land for planting crops,” says Lauren Williams, a specialist in Central and West African forests at the World Resources Institute.
Excerpts from Jack Goodman & Olga RobinsonIndonesia haze: Are forest fires as bad as they seem?, BBC, Sept. 19, 2019. For more details and data see BBC
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.
Launched on November 1, 2016, the Forests Bond will provide investors the opportunity to invest in a traditional financial product that offers the unique option of receiving interest payments in the form of environmental impact — in this case, verified carbon credits generated through REDD, an initiative that rewards landholders for protecting forests, thereby reducing carbon emissions that worsen climate change. The development of the bond is a collaboration of the International Finance Corporation (IFC), a member of the World Bank Group, and BHP Billiton with technical support from Baker & McKenzie and Conservation International (CI).
REDD (short for Reducing Emissions from Deforestation and forest Degradation), which offers financial incentives to landholders in tropical countries to keep their forests standing, has met with mixed success since its launch in 2005, in part because the lack of a carbon market left it dependent on voluntary action and bereft of the certainty needed to attract private funding.
“If you look at the scale of the problem, roughly US$ 100 billion to 300 billion needed to cut deforestation by half over the next decade, it’s clear that we need to mobilize private institutional investors, who control vastly greater amounts than public or philanthropic aid can deliver,” said Agustin Silvani, Conservation International’s vice president of conservation finance. “The REDD mechanism has mostly excluded them because it required specific carbon expertise or a specific interest in forests to engage with it.”
The Forests Bond supports a REDD project in Kenya, and investors can choose between a cash or carbon credit coupon (the interest received from the bond), or a combination of both. This unique element of the bond is made possible by the price support that BHP Billiton**is providing, which means that investors can either 1) elect to take the carbon credits to offset corporate greenhouse gas emissions or 2) sell them on the carbon market, or 3) take a traditional financial return instead. This provides the certainty needed to attract institutional investors while still generating verified reductions in deforestation, in the form of REDD credits…
The REDD project that the Forests Bond will support takes place in the Kasigau Corridor in eastern Kenya….Forest protection activities include forest and biodiversity monitoring, funding for community wildlife scouts, forest patrols, social monitoring and carbon inventory monitoring. Community development activities include reforestation of Mount Kasigau; establishment of an eco-charcoal production facility; support to community-based organizations; and expanding an organic clothing facility.
The bond is listed on the London Stock Exchange and has raised US$152 million from institutional investors.
**BHP Billiton is providing a price support mechanism of US$12 million that ensures that the project can sell a pre-defined minimum quantity of carbon credits every year until the Bond matures, whether or not investors in the Bond elect to receive carbon credit coupons.
Excerpt from Bruno Vander Velde New bond aims to unlock private investment to protect forest, Reuters, Nov. 1, 2016 and BHP Billiton and IFC collaborate on new Forests Bond, Press Release of BHP Billiton, Nov. 1, 2016