Climate 411

Right now, President Obama is announcing that leaders at the Copenhagen climate summit have reached what the White House calls a “meaningful deal.”

Details are just starting to emerge, but those inside the Bella conference center, including EDF president Fred Krupp, have gotten a first look at the agreement. Fred says:

Today’s agreement leaves the U.S. in control of its own destiny. We have always known that the path to a clean energy economy goes through Washington, D.C. As President Obama said today, strong action on climate change is in America’s national interest.

It’s the Senate’s turn to speak next. Whether we move ahead with a common-sense plan to create new manufacturing jobs in the U.S. and reduce dependence on foreign oil is not up to other countries; it’s up to us. A year from now we can be further ahead or further behind, and the Senate will make the difference.

Today’s agreement takes the first important steps toward true transparency and accountability in an international climate agreement. The sooner the U.S. speaks through Senate legislation, the sooner we can set the terms of engagement for talks to come.”

Negotiators in Copenhagen are still nowhere near a final overall deal, but they are making significant progress on one very important issue — preserving the world’s forests.

Trees absorb carbon dioxide; the destruction of the rain forests is responsible for about 17 percent of the world’s greenhouse gas emissions. That’s why Environmental Defense Fund supports the Reducing Emissions from Deforestation and Forest Degredation program, better known as REDD.

The 193 countries taking part in the Copenhagen climate summit have been working on a REDD agreement for the past two weeks, and are reportedly very close to a deal.

EDF’s president Fred Krupp told the New York Times:

It is likely to be the most concrete thing that comes out of Copenhagen — and it is a very big thing.

Deforestation is partly a result of poor countries needing the revenue generated from harvesting and selling wood. REDD would provide ways for those countries to make money by conserving their forests instead. Under the program, poor countries would get a new income stream and the world would get more forests. In the U.S., REDD could serve both a political and an economic purpose by helping win support for a clean energy bill with a declining carbon cap. According to the Times:

The agreement is also being closely watched in Congress … Under the cap-and-trade system preferred by Democratic leaders and the Obama administration, companies that cannot meet their greenhouse gas pollution limit could buy extra permits by investing in carbon-reduction programs abroad. Plans to preserve forests under REDD would presumably qualify.

In other good news for the world’s forests, the United States Department of Agriculture just announced that it would join Australia, France, Japan, Norway and the United Kingdom, to provide the initial public funding for a related program called REDD+ (pronounced “red plus”). The program provides funding for poor countries that are trying to plant more trees and expand their forest cover. Assuming the Copenhagen talks produce a deal on REDD+, the coalition will provide $3.5 billion over three years for the effort; the U.S. will put up $1 billion of that.