Germany has given Laos further grant aid of 6 million euros (about 61 billion kip) to safeguard the livelihoods of people, mainly in the southern provinces, who depend on the sound management of their natural environment, especially forests.
A new insurance product has been launched to cover private equity fund investments in Africa and other emerging markets against political risk.
The political risk insurance has been developed by Overseas Private Investment Company (OPIC), the US government’s development finance institution.
It aims at shielding investors from the political uncertainty that characterises doing business in the emerging markets and damages arising from violence related to political activity.
The Multi-Stakeholder Forestry Programme is the product of the first multistakeholder design process to be undertaken in Nepal’s forestry sector. The Programme will build on the achievements of over 20 years of forestry work of the Government of Nepal supported by the UK, Switzerland and Finland. The Programme is designed for 10 years and to be implemented in two phases. NRs 4.45 billion has been agreed as joint grant funding assistance by these three donors for an initial 4 years.
Scientific Certification Systems (SCS) has assessed the World Bank’s new methodology for estimating the emission reductions resulting from adoption of sustainable agricultural practices.
The new methodology was approved under the Verified Carbon Standard (VCS) and is based on the Western Kenya Smallholder Agriculture Carbon Finance project.
Ensuring the poor or the most vulnerable sections of society benefit from REDD+ is key mainly to build both national and international legitimacy, and foster successful delivery of conservation and social objectives.
The Honourable Joe Oliver, Minister of Natural Resources, today addressed representatives of Canada’s forest industry at a luncheon speech at PaperWeek 2012 in Montreal.
The Minister highlighted the importance of partnerships, innovation and market expansion to the future of Canada’s forest industry in helping to sustain jobs in rural communities across the country.
Following the results of 2011, Ilim Group was acknowledged as the leader of forest management certification. The respective Proof of Leadership was awarded to Ilim Group by the Russian Branch of the Forest Stewardship Council (FSC). Therefore Ilim Group has proved once again its leadership in forest management certification in Russia. As a reminder, all forest areas leased by Ilim Group, which is over 5.16 million hectares, have been certified by FSC. The Company’s share accounts for 18.4% of all certified forests in Russia.
Early next month, the Obama administration will finalize important and long overdue rules for the management of 155 national forests covering nearly 200 million acres. The rules will guide individual forest managers as they decide which parts of the forest can safely be opened to logging, mining and recreation, and which parts must be set aside to protect wildlife and the health of the forest.
New Delhi: In what could bring cheers to environmentalists, Prime Minister Manmohan Singh today said the country's forest cover has increased by nearly five per cent between 1997 and 2007.
"I am happy to state that India's forest cover had increased by nearly 5 percent between 1997 and 2007 with a small decrease since then.
