Climate 411

Nature is more important than ever to realizing climate goals at COP28

Aerial view: Corcovado National Park, Costa Rica

Natural climate solutions include conserving tropical forest and ocean ecosystems. Photo: Eisenlohr, iStock

This blog was co-authored by Britta Johnston, Senior Policy Analyst for Natural Climate Solutions at EDF.

Heading into COP28, nature as a climate solution has been making headlines, and rightfully so. Sustainably conserving, restoring, and managing the world’s ecosystems is one of the most powerful tools we have to meet global climate goals.

A recent study finds that restoring global forests where they occur naturally could potentially capture 226 gigatons of carbon, and 61 percent of the carbon storage could come from protecting existing forests.

We are beginning to realize the promise of protecting forests. Another report finds that deforestation in the Brazilian Amazon has dropped by 22.3 percent as a result of active intervention to curb forest loss – the lowest it has been since 2018.

Moreover, advancements in policies and practices to build resilience in boreal and temperate forest ecosystems, along with strategies for mitigating catastrophic wildfire, can ensure these ecosystems remain net greenhouse gas sinks.

Oceans also have climate mitigation potential. New evidence suggests that organisms in the mesopelagic zone, a region of ocean between 200 and 1,000 meters deep containing 95 percent of ocean biomass, may trap millions of tons of carbon each year by feeding in surface waters at night and diving back down in the day.

We have better science than ever before about nature’s role as a climate solution, and signs of progress on very important fronts. That’s why nature must be at the heart of conversation and action at COP28, both inside and outside the negotiation rooms.

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Also posted in Carbon Markets, Indigenous People, International, Paris Agreement, REDD+, United Nations / Read 1 Response

Article 6 moves to implementation, at COP28 and beyond

This blog was authored by Pedro Martins Barata, AVP for Carbon Markets and Private Sector Decarbonization at the Environmental Defense Fund.

Since the Glasgow COP two years ago, there have been growing expectations to transform the market-based cooperation approaches outlined in Article 6 of the Paris Agreement into practical, effective actions for reducing global emissions. Article 6 is not just another clause in an international treaty; it serves as a practical framework for cooperative climate action that has the potential to unlock higher ambition for reducing carbon emissions and adaptation actions. As COP28 unfolds, it is set to complete the development stage of these mechanisms, paving the way for tangible, impactful action in the near future. 

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Also posted in Carbon Markets / Comments are closed

To make nature financing more equitable, we must understand how NCS credits are used

This blog was authored by Julia Ilhardt, former High Meadows Fellow, Global Climate Cooperation. 

sunset over a forest

At the end of last year, 196 nations agreed to the historic Global Biodiversity Framework, which includes the goal to protect 30% of land and sea area by 2030. Still, nature is woefully underfinanced, with investments in nature-based solutions needing to double to USD 384 billion per year by 2025, according to UNEP. 

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Also posted in Carbon Markets, Economics, News, REDD+ / Comments are closed

Bonn climate talks: The Global Stocktake, oceans, food and nature are issues to watch

EDF’s delegation to the climate talks taking place in Bonn, Germany from June 5 to June 15 give us some insights into the issues they’re following. 

Flags on clear sky. Getty.

Next week, climate negotiators will convene in Bonn, Germany for a two-week negotiation session that will serve as an important marker on the road to the COP28 climate talks in Dubai this November. The outcome of the talks, known as SB58, will set the stage for the negotiations at COP28, giving us an indication of what needs to happen in the months leading up to those pivotal talks.

Every year the climate negotiations become more urgent as we draw closer to the timelines for meeting the Paris Agreement goals. The task is even more challenging when considering the other crises the world faces, like economic disruption, energy insecurity and food scarcity. We need effective solutions that can solve for these multiple challenges simultaneously. The talks in Bonn are an important opportunity to gauge progress and push forward key action points that address these various challenges, in the lead up to COP28, and beyond.

EDF’s delegation to the Bonn climate talks are closely monitoring various important issues inside and around the negotiations. These include the Global Stocktake process, food, fisheries and ocean issues, and efforts to expand high-integrity carbon market cooperation.

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Also posted in Agriculture, Carbon Markets, International, News, Oceans, Paris Agreement, United Nations / Comments are closed

Forest climate finance must be more equitable to support Indigenous Peoples and local communities

This post was co-authored by Julia Paltseva, Senior Analyst at EDF, and Tuntiak Katan from the Coordinator of Indigenous Organizations of the Amazon River Basin (COICA). For more resources on high forest, low deforestation (HFLD) crediting, visit edf.org/hfld. This post has also been translated into Spanish and French (leer en español, lire en français).

Tuntiak Katan of the Coordinator of Indigenous Organizations of the Amazon Basin (COICA). Photo by Leslie Von Pless, EDF

Forests are an essential part of the climate change solution, and their effective conservation requires the empowerment of Indigenous Peoples and local communities, or IPLCs. Around the world, IPLCs have stewarded forests for generations. However, in the face of growing economic pressures to cut forests down, current incentives designed to keep forests standing are largely inaccessible to communities living in areas of historically low forest loss, known as high forest, low deforestation regions, or HFLD.

An effective and equitable global REDD+ incentive-system for reducing deforestation should reward all relevant jurisdictions and actors, including both historical emitters and historical protectors of carbon stock, like IPLCs. We must eliminate forest loss in areas where it is already occurring. At the same time, we must also avoid future increases in deforestation in areas of historically low forest loss – HFLD regions.

Guardians of the forest
Indigenous Peoples and local communities are some of the best forest protectors, especially when equipped with strong tenure and land rights. In Mesoamerica, IPLCs steward half of forested areas. In the Amazon, Indigenous Peoples manage more than 30% of the rainforest, and satellite imagery shows deforestation rates in Indigenous territories are roughly half of what they are in similar surrounding lands. IPLCs typically practice sustainable forest management, through agroforestry and low-impact agriculture, allowing them to both provide for their needs and effectively conserve the forests.

Despite a successful track record of maintaining intact forests, forest communities have directly received less than one percent of international government aid for climate change mitigation and adaptation over the last decade.

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Also posted in Carbon Markets, Indigenous People, International, REDD+ / Comments are closed

Don’t miss the forest for the trees

Ecuadorian Amazon. Photo by Leslie Von Pless/EDF

High-quality tropical forest carbon credits are essential to combatting climate change, advancing community-led development and safeguarding biodiversity.

This post was written by Mark Moroge, Vice President, Natural Climate Solutions and Breanna Lujan, Senior Manager, Natural Climate Solutions. This is an exerpt of a post published in EDF+Business. Read the full post here.

If you’re a company, navigating the tropical forest carbon credit marketplace can be daunting, particularly in a complex media landscape.

How should you do it?

First, don’t miss the forest for the trees. We must halt and reverse tropical deforestation by 2030 to prevent the worst impacts of climate change. We need to use all the tools in our toolbox.

Private sector finance is key to tackling deforestation at the pace and scale the world needs. As a company, you should decarbonize your own operations as quickly as possible. Alongside this, purchase high-quality tropical forest carbon credits. Such credits are an essential means to stabilize our climate and safeguard biodiversity. Revenues can also improve the lives and livelihoods of some of the world’s most vulnerable forest peoples, including Indigenous Peoples and local communities, who’ve long struggled for just recognition of their conservation efforts.

Second, do your due diligence – both of your tropical forest carbon credit purchases, and of the information you consume about the tropical forest carbon marketplace. Both matter, and both support the evolution of forest carbon markets towards ever increasing integrity and quality. Read the full post here.

Also posted in Carbon Markets, Indigenous People, International, REDD+ / Comments are closed