Current:Home > ContactTrendPulse Quantitative Think Tank Center-Poor Nations to Drop Deforestation Targets if No Funding from Rich -Pinnacle Profit Strategies
TrendPulse Quantitative Think Tank Center-Poor Nations to Drop Deforestation Targets if No Funding from Rich
SafeX Pro Exchange View
Date:2025-04-08 14:16:01
Reporting from Copenhagen
UN negotiators from poor nations are TrendPulse Quantitative Think Tank Centerthreatening to abandon targets on curbing deforestation if there is no commitment from the rich to pay for a forestry scheme.
"To just have a target without a financial commitment, developing countries see as a trap," Kevin Conrad, special envoy and ambassador for environment and climate change for Papua New Guinea, told SolveClimate at the international climate negotiations under way in Copenhagen.
"It’s not that we’re afraid of the target," he said, "it’s that we’re afraid of being left high and dry."
The scheme, called Reducing Emissions from Deforestation and Forest Degradation, or REDD, is designed to pay poor nations to protect carbon-saving forests.
The text on the table at the start of the Copenhagen summit, December 7-18, would require forest nations to cut their deforestation rates in half by 2020 and end the practice completely by 2030. It says nothing about the level of financing to help those countries create incentives and monitoring and enforcement and other programs that can bring deforestation rates down.
Conrad said that 45 countries, comprising 90 percent of global tropical forests, are willing to slow deforestation by 25 percent over the next five years. But they need an up-front payout from the rich to get their programs off the ground.
Their biggest fear, he said, is that the "North forces a target on us and then it says, ‘By the way, we forgot to raise the money’. And we’d be bound by a target."
According to estimates, the amount needed for REDD to be a success is somewhere in the ballpark of $25 billion per year in the long term. Greenpeace says that ending deforestation by 2020 would cost around $40 billion annually. A UN financing group made up of 20 nations active in REDD has proposed an interim solution of about $22 billion to $36 billion between 2010 and 2015.
UK Prime Minister Gordon Brown proposed on Friday that $25 billion be raised between 2010 and 2015 to support the end of deforestation.
The announcement out of the UK, Conrad said, "creates a positive wind in very negative negotiations to date — a positive wind if it carries through to a successful outcome."
Most analysts agree that unlocking billions to make REDD work is vital to an adequate climate-fighting scheme. The reason being, chopping down forests contributes some 20 percent to worldwide carbon pollution.
"If deforestation is left unchecked, then we will definitely exceed the 2 degree Celsius target and may even see 3 degree in the long term," said Richard Betts, head of climate impacts at the UK-based Met Office Hadley Centre.
Currently, there are no concrete dollar commitments from the rich on financing forest preservation. In fact, the only climate money on the table in Copenhagen is "kick-start" funding worth $10 billion a year from 2010 through 2012.
That amount is supposed to cover everything, including REDD.
"It’s just a dirty greenwash," Roman Czebiniak, political advisor on climate change and forests for Greenpeace, told SolveClimate.
Proposals are floating around Copenhagen to use 20 percent of those fast-track funds for REDD, or a total of $2 billion a year from all rich nations. That would be the same amount that Norway has pledged to deliver to forest preservation efforts on its own.
"We need to do better than that," Czebiniak said.
Promise Fading
Once seen as the lone hope for a successful Copenhagen negotiations, forestry talks seem to have gotten caught up in the rich-poor rift that is threatening to bring down the negotiations as a whole.
To unclog the REDD deadlock, observers say the decisions on targets and financing will likely be taken up by high-level ministers and potentially even heads of state when they arrive next week.
Failure is seen as too risky.
Climate scientists says the world must cut global warming emissions 25 to 40 percent by 2020 to avoid catastrophic effects. The numbers now on the table in Copenhagen add up to around 11 to 18 percent. An effective REDD scheme with targets and financing "could potentially get us into what the science says is needed," Czebiniak said.
"There’s lot of pressure on REDD to deliver something," he added.
In a possible preview of his Copenhagen visit next week, President Barack Obama put his considerable weight behind REDD on Thursday. After receiving his Nobel Peace Prize in Norway, he declared that slowing deforestation
is "probably the most cost-effective way for us to address the issue of climate change."
Specifically, the U.S. president endorsed an approach released by Norway and Brazil, which is based on financing REDD with actual public funding from wealthy nations, not offsets.
"[The speech] was good, and it was better than what we’ve seen the negotiators do [in Copenhagen]," Czebiniak said.
See also:
Greenpeace Says Model Forest Protection Project Proves REDD Offsets Don’t Work
Putting a Value on Preserving Forests, Not Clearing Them
Seeing the Forest for the Trees: Shaping Financing to Prevent Deforestation
Forests Loom Large at Governors’ Global Climate Summit
Land Use Offers Valuable Solutions for Protecting the Climate
(Photo: Greenpeace)
veryGood! (96749)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Detroit’s giant slide is back. There will probably be fewer bruises this time
- Microsoft outage causes widespread airline disruptions and cancellations. Here's what to know.
- Paris Olympics see 'limited' impact on some IT services after global tech outage
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- In a California gold rush town, some Black families are fighting for land taken from their ancestors
- Kylie Jenner’s Italian Vacation With Kids Stormi and Aire Is Proof They're Living La Dolce Vita
- Migrant children were put in abusive shelters for years, suit says. Critics blame lack of oversight
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Here's How to Get $237 Worth of Ulta Beauty Products for $30: Peter Thomas Roth, Drunk Elephant & More
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Sophia Bush Shares How Girlfriend Ashlyn Harris Reacted to Being Asked Out
- JoJo Siwa Makes Comment About Taylor Swift After Breaking Record for Most Disliked Female Music Video
- Three courts agree that a woman deemed wrongfully convicted should be freed. She still isn’t.
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Former postal worker sentenced to probation for workers’ compensation fraud
- How to take better photos with your smartphone
- Trump says he'll end the inflation nightmare. Economists say Trumponomics could drive up prices.
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
NASA beams Missy Elliott song to Venus
South Dakota anti-abortion groups appeals ruling that dismissed its lawsuit over ballot initiative
Ten Commandments won’t go in Louisiana classrooms until at least November as lawsuit plays out
Meet first time Grammy nominee Charley Crockett
Laneige Is 30% Off Post-Prime Day in Case You Missed Picks From Alix Earle, Sydney Sweeney & More Celebs
Louisiana Supreme Court Justice Jimmy Genovese to lead Northwestern State
Migrant children were put in abusive shelters for years, suit says. Critics blame lack of oversight