Current:Home > StocksPoor Nations to Drop Deforestation Targets if No Funding from Rich -FutureFinance
Poor Nations to Drop Deforestation Targets if No Funding from Rich
View
Date:2025-04-19 03:17:14
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! (652)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- The Supreme Court will decide whether Trump is immune from federal prosecution. Here’s what’s next
- How wildlife crossings protect both animals and people
- April 2024 full moon rises soon. But why is it called the 'pink moon'?
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Jeannie Mai Reveals the Life Lessons She's Already Learning From Her 2-Year-Old Daughter
- Nike plans to lay off 740 employees at its Oregon headquarters before end of June
- Debi Mazar tells Drew Barrymore about turning down 'Wedding Singer' role: 'I regret it'
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Oprah Winfrey and Dwayne Johnson pledged $10M for Maui wildfire survivors. They gave much more.
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Maps show states where weed is legal for recreational, medical use in 2024
- Jeannie Mai Reveals the Life Lessons She's Already Learning From Her 2-Year-Old Daughter
- An explosion razes a home in Maryland, sending 1 person to the hospital
- Trump issues order to ban transgender troops from serving openly in the military
- Shannen Doherty Reveals Super Awkward Fling With Brian Austin Green
- Oprah Winfrey and Dwayne Johnson pledged $10M for Maui wildfire survivors. They gave much more.
- Taylor Swift’s 'The Tortured Poets Department' album breaks Spotify streaming record
Recommendation
Federal hiring is about to get the Trump treatment
'Betrayed by the system.' Chinese swimmers' positive tests raise questions before 2024 Games
Spice Girls Have a Full Reunion at Victoria Beckham's 50th Birthday Party
Oklahoma City Thunder fan Jaylen O’Conner wins $20,000 with halftime halfcourt shot
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators
Horoscopes Today, April 21, 2024
Kenya defense chief among 10 officers killed in military helicopter crash; 2 survive