Despite major progress to tackle deforestation last year during the Cancun Climate Conference, so far little has been established by way of progress or expansion during the current UN Framework Convention on Climate Change, which has been taking place this week in Bangkok.
Boston, MA, April 12, 2011 — Despite major progress to tackle deforestation last year during the Cancun Climate Conference, so far little has been established by way of progress or expansion during the current UN Framework Convention on Climate Change, which has been taking place this week in Bangkok. This is according to ethical investment experts at Alternative Asset Analysis (AAA).
“This year’s mission was expected to be the progression of achievements from Cancun into workable action plans for a sustainable future,” commented AAA partner Anthony Johnson.
A development like REDD+, which stands for reducing emissions from deforestation and forest degradation, has so far been one of the major positives to come out of the UN climate change meetings. Far from leaving forestry centres like Brazil out in the cold, the country has gone from strength to strength in recent years. Investors in Brazilian forestry have seen their returns soar as the government takes measures to protect indigenous rainforests in favour of plantations for timbers such as Acacia and Teak, run by successful firms like Greenwood Management and The Timber Group.
Now, as the UN prepares for the Climate Change Summit later in the year in Durban, South Africa, AAA is calling for more to be done to tackle deforestation and encourage ethical investments, including Impact Investing.
“To ensure that measures to help reduce climate change and improve conditions in the developing world can become reality, governments around the world should be encouraging investment in projects that help environmental causes and provide ways to help people to help themselves,” argued Johnson.
His comments are supported by news that Indonesia – another country that suffers as a results of deforestation – is showing major support for the REDD+ program. Wahjudo Wardojo, an adviser on International Forest Carbon Policy at the Jakarta Nature Conservancy, stated, “Although a strong system for REDD+ could ultimately attract billions in public and private funding to keep tropical forests healthy, there is a lot of hard work that needs to get done, both in individual countries and at the international level, before financial incentives begin to flow.”
Wardojo’s comments reflect those of forestry experts all over the globe, claims the AAA. It concluded by stating that it hopes that the UN takes its attempts to protect countries against damaging deforestation a step further during 2011’s climate change meetings.
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