Forest Groups Welcome EC’s Rejection of Forest Carbon Credits in ETS

Global Forest Coalition Press Release
                       
FOR IMMEDIATE RELEASE
– 17 October 2008 –
 
FOREST GROUPS WELCOME EUROPEAN COMMISSION’S REJECTION OF FOREST CARBON CREDITS IN ETS
 
Asunción, Paraguay–The Global Forest Coalition, a worldwide coalition of NGOs and Indigenous Peoples’ Organisations, welcomes the recommendation of the European Commission to exclude forest carbon credits from the EU emissions trading scheme (ETS) until at least after 2020. The Commission points out that monitoring, reporting, verification and liability questions should be resolved first. According to the Commission, “Inclusion of forestry credits in the EU ETS should only be considered after a thorough review of the experience of using deforestation credits for government compliance and for the period after 2020″”.
 
“”As the definition of ‘forests’ under the climate regime includes large-scale monoculture plantations of exotic trees

print