Carbon Trading Deals

CARBON TRADING DEALS COULD BE WIN-WIN

Researchers at the Center for International Forestry Research in Bogor, Indonesia, propose offsetting carbon emissions from industrial smokestacks in the developed countries by requiring corporations to invest in reforestation and clean energy projects in developing countries.

The researchers, joined by colleagues at Forest Trends of Washington, D.C., estimate up to $300 million per year could flow from industry to the world's poorest people under such arrangements. Carbon projects also could recover habitats on millions of hectares of heavily populated forest and farmlands.

For example, in the Handia Forest range of Madhya Pradesh, India, 95 very poor rural villages could earn $300,000, collectively, every year from carbon payments by restoring 10,000 hectares (24,700 acres) of degraded community forests.

In the process, villagers could help protect endangered leopards and monkeys and improve local water supplies, researchers said. The villagers also could earn money from selling fuel wood, high-value timber, and tendu leaves used for wrapping cigars.

Thanks to UPI

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