Friday, November 19, 2010

Isra-Mart srl:Forestry loophole could sink global emissions deal

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Isra-Mart srl news:

The move towards a global deal at Cancun rests on closing a little-known loophole that has seen developed countries discount emissions from logging plantation forests, according to the EU's chief negotiator.

After the failure to agree a binding deal on global emissions at Copenhagen last year, developed countries are coming under pressure from the UN to ensure progress is not further stalled at the upcoming two-week talks, which start in 10 days' time.

An agreement to replace the Kyoto Protocol, which expires in 2012, is unlikely to be agreed before the Cape Town summit in 2011, after recent talks at Tianjin, China, followed the same trajectory as Copenhagen.

However, Artur Runge-Metzger, EU representative for Cancun, told Reuters that a Kyoto replacement would be impossible without solving the problem of how to incorporate emissions from tree felling, which are unaccounted for under the present Protocol.

Countries that have signed up to the Kyoto Protocol can exclude emissions from trees felled that are then used as paper, timber and in the rapidly growing biomass market. However, countries are allowed to count carbon stored by growing trees as credits.

"It is a big issue, particularly when it comes to determining your emissions reduction targets, and particularly for some countries which have a lot of forests," said Runge-Metzger. "It was a kind of loophole and a weakness of the Kyoto architecture and there's a need to address that."

Bringing forestry under any emissions deal could also have repercussions for protecting the rainforests, with more projects expected whereby landowners in developing countries are paid to safeguard existing forest or restore degraded land.

"All the issues we are discussing here, you will have similar issues when it comes to tropical forests, and the issue of reducing emissions from deforestation and forest degradation," he added.

He said a possible deal could result in a scheme entailing mandatory reporting with some cap on credits and a target for logging.