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Greenpeace slams Australia’s forestation credit program
30/03/2009
A new report from Greenpeace has criticised Australian-backed proposals to reward companies that stop deforestation in poor countries.
The Greenpeace International report, which was released at the UN’s climate talks in Germany, says that proposals to recognise forest protection in a global climate deal would result in a collapse in the carbon permit price of up to 75%.
Furthermore, said Greenpeace, issuing forestry credits for avoiding deforestation would drastically reduce investment in clean energy technology. Climate bureaucrats are discussing how to reduce the 20% of annual global emissions caused by deforestation and forest degradation in developing countries.
Australia’s Climate Change Minister Penny Wong expressed her support for a global forestation credit program, saying it could cut the cost of reducing greenhouse emissions by up to 25%.
Greenpeace spokesperson Paul Winn refuted her claims, saying instead that the introduction of forest credits would encourage rich nations to buy cheap offsets overseas instead of reducing emissions from energy at home: "(Senator) Wong seems to think Australia can keep polluting and push the burden of its emissions reduction responsibilities on to developing countries and their forests."
The Greenpeace International report, which was released at the UN’s climate talks in Germany, says that proposals to recognise forest protection in a global climate deal would result in a collapse in the carbon permit price of up to 75%.
Furthermore, said Greenpeace, issuing forestry credits for avoiding deforestation would drastically reduce investment in clean energy technology. Climate bureaucrats are discussing how to reduce the 20% of annual global emissions caused by deforestation and forest degradation in developing countries.
Australia’s Climate Change Minister Penny Wong expressed her support for a global forestation credit program, saying it could cut the cost of reducing greenhouse emissions by up to 25%.
Greenpeace spokesperson Paul Winn refuted her claims, saying instead that the introduction of forest credits would encourage rich nations to buy cheap offsets overseas instead of reducing emissions from energy at home: "(Senator) Wong seems to think Australia can keep polluting and push the burden of its emissions reduction responsibilities on to developing countries and their forests."
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