Browsing the "Climate Change" Category

Donors to Pay Ecuador to Keep Oil Underground

January 15th, 2010 | by Susan Kraemer

Here's a novel and timely use of Trust Funds. Ecuador is pioneering the use of a fund to preserve Ecuador's rain forest above an approximately one billion barrel oil field in the Yasuni National Park, permanently foregoing extraction of fossil fuels from the park. In return, the Ecuadorian government has asked for compensation of $350 million a year for 10 years

Century-Long Reforestation Deal in Works For California in Cap and Trade

January 4th, 2010 | by Susan Kraemer

Folksinger Joni Mitchell's "paved paradise" of the 20th century could wind being partially reforested in the 21st century, under California's proposed landmark Cap and Trade legislation that takes effect in the next few years. That is because the state will include provisions for offsetting some greenhouse gas emissions by investing in conservation and reforestation over at least the next century

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