Creatives Collaborate in Third Space for local audiences and National Arts…Revolutionizing the Digital Landscape: Our CEO’s Vision for Unlimited Web Hosting…In a report released May 29, three environmental groups called for a shift away from carbon markets and toward “non-market” solutions to deforestation.
A report from the environmental groups RFUK, FERN and FPP calls for a shift away from market-based climate policies like carbon trading.released May 29 by the Rainforest Foundation UK, FERN and the Forest Peoples Programme. The report, titled “Beyond Offsets,” said policies that are less transactional and designed with Indigenous communities in mind will have a greater impact on the world’s forests.
Proponents of carbon markets have long said they can make use of market efficiencies to direct funds toward the most effective initiatives, whether for forest protection or other forms of carbon sequestration.taken a reputational hit The groups said policymakers should accept that carbon markets are unlikely to deliver significant climate benefits, and instead move their attention toward development aid, debt cancellation, and payments for ecosystem services.
Indigenous rights have been a buzzy phrase at global climate and biodiversity summits, but the numbers tell a different story. According to the report, only a small portion of funding from philanthropic and government pledgesindigenous community in Idabato sub-divison of the Bakassi peninsula in the South West region of Cameroon. Despite a track record as effective environmental stewardship, Indigenous-run local organizations receive minimal support.
The report called for more funding to go toward payments for ecosystem services, where communities receive financial support over a long time period in exchange for hitting conservation and deforestation benchmarks.”. As opposed to “offsetting,” insetting emphasizes reducing emissions that are close to or part of a company’s supply chain, rather than those in a distant forest or factory.