GJEP is the North American Focal Point of the Global Forest Coalition
PRESS RELEASE
Friends of the Earth International
World Rainforest Movement
Global Forest Coalition
WORLD BANK HANDS OFF FORESTSÂ Â Â Â Â Â Â Â Â December 10, 2007
BALI (INDONESIA), Dec. 10, 2007Â Environmental groups at the United Nations climate talks in Bali today urged governments to reject a new World Bank initiative promoting the inclusion of forests in carbon markets.
The World Bank initiative, known as the Forest Carbon Partnership Facility (FCPF) is set to be launched on Tuesday 11th December in Bali as part of the discussions on Reducing Emissions through Deforestation in Developing countries’ (REDD).
The initiative, which would allow tropical forests to be included in carbon offsetting schemes, fails to combat climate change, the groups said, because it allows industrialised countries and companies to buy their way out of emissions’ reductions.