Current:Home > FinancePoor Nations to Drop Deforestation Targets if No Funding from Rich -MoneyBase
Poor Nations to Drop Deforestation Targets if No Funding from Rich
View
Date:2025-04-22 06:46:32
Reporting from Copenhagen
UN negotiators from poor nations are threatening 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! (3691)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Jamie Foxx Takes a Boat Ride in First Public Appearance Since Hospitalization
- Why Paul Wesley Gives a Hard Pass to a Vampire Diaries Reboot
- Jenna Dewan and Daughter Everly Enjoy a Crazy Fun Girls Trip
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- OceanGate wants to change deep-sea tourism, but its missing sub highlights the risks
- Planet Money Live: Two Truths and a Lie
- China owns 380,000 acres of land in the U.S. Here's where
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Has inflation changed how you shop and spend? We want to hear from you
Ranking
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Black-owned radio station may lose license over FCC 'character qualifications' policy
- Ohio Senate Contest Features Two Candidates Who Profess Love for Natural Gas
- Penelope Disick Gets Sweet 11th Birthday Tributes From Kourtney Kardashian, Scott Disick & Travis Barker
- Travis Hunter, the 2
- What we know about the 5 men who were aboard the wrecked Titan sub
- What we know about the 5 men who were aboard the wrecked Titan sub
- Taking a breather: Fed holds interest rates steady in patient battle against inflation
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Listener Questions: the 30-year fixed mortgage, upgrade auctions, PCE inflation
Take 20% Off the Cult Favorite Outdoor Voices Exercise Dress in Honor of Its 5-Year Anniversary
Peter Thomas Roth Flash Deal: Get $133 Worth of Skincare for Just $43
In ‘Nickel Boys,’ striving for a new way to see
Mission: Impossible's Hayley Atwell Slams “Invasive” Tom Cruise Romance Rumors
Trisha Paytas Announces End of Podcast With Colleen Ballinger Amid Controversy
All My Children Star Jeffrey Carlson Dead at 48