Markets working to support sustainable development

In the News: 15th August 2014

15 Aug 2014

Here you will find a round-up of all the latest news and events in mechanisms from around the world. 

Solving the carbon problem

  • Journalist, Tanya Dimitrova, explains how the Tolo River people of Columbia used carbon finance to save their rainforest.
  • To mobilise sustained private sector participation and investment in REDD+, two things are critical: 1) policy for regulation and 2) interim incentives to stimulate finance.
  • The UN has released a report entitled, ‘Strategy in the Making - How Zambia approached REDD+ development.’ The report finds that progress has been made in Zambia through a comprehensive and inclusive strategy to tackle deforestation and forest degradation.
  • “Indigenous people shouldn’t be faced with an implicit slogan of No REDD, No Rights,” says Frances Seymour, Senior Fellow at the Centre for Global Development, when discussing the gap between human rights and the climate change agenda.
  • For Chris Lang, programmes such as REDD and the World Bank’s Tropical Forest Action Plan may be designed with good intentions, but they run the risk of furthering corporate control and blaming deforestation on its victims. 

Deforestation. Image source: Wikimedia. 

Incentives for a better environment

Costa Rica's Peñas Blancas Reservoir is the focus of work involving payments for ecosystem services (Photo: Dr Ina Porras)

Accounting for sustainability

  • Nearly 45%of the 136 countries analysed by the World Bank Group in its annual Little Green Data Book are depleting their natural wealth while their GDP is rising. If this trend continues unchecked, the World Bank says that natural resources are at risk, as is long terms growth.
  • In Guatemala, the University of Rafael Landivar began a public-private-academic partnership in 2006 to use the UN’s System of Environmental-Economic Accounting Methodology to construct accounts for its natural capital. The findings from 2001 - 2010 have now been published.
  • The International Institute for Sustainable Development is undertaking research into the conceptual underpinnings of the natural capital approach in order to develop a suitable framework for its application in Canada.
  • In a recent article, journalist George Monbiot criticised the natural capital agenda.  In response, the Guardian asked some experts if they agree with him, including: Lynn Crow, Professor of Environmental Management at Sheffield Hallam University; Robert Costanza, Chair in Public Policy at the Crawford School of Public Policy; and Tony Juniper, environmentalist and author of ‘What has Nature ever done for us?’