Raw: [
Cuba has introduced a pioneering initiative focused on supporting sustainable forest management through the payment for environmental services…
The post Cuba Announces Incentive For Forest Carbon Removal, Eyes Carbon Bonds Market appeared first on Carbon Herald.
] Cuba Announces Incentive For Forest Carbon Removal, Eyes Carbon Bonds Market Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertisingArchives Archives Select Month February 2024 (146) January 2024 (139) December 2023 (136) November 2023 (169) October 2023 (179) September 2023 (170) August 2023 (144) July 2023 (146) June 2023 (130) May 2023 (112) April 2023 (132) March 2023 (169) February 2023 (123) January 2023 (103) December 2022 (97) November 2022 (128) October 2022 (118) September 2022 (109) August 2022 (64) July 2022 (90) June 2022 (90) May 2022 (92) April 2022 (83) March 2022 (85) February 2022 (74) January 2022 (73) December 2021 (53) November 2021 (95) October 2021 (84) September 2021 (75) August 2021 (60) July 2021 (48) June 2021 (69) May 2021 (36) April 2021 (34) March 2021 (48) WingsWingsSelect CategoryCaptureCarbon AccountingCarbon Capture StocksCarbon MarketsCompaniesDaily BriefDirect Air CaptureHydrogenHydrogen StocksInterviewsInvestmentOpinionPartner ContentPolicyPress ReleaseRemovalScienceStartupsStocksTechnologyUncategorized MetaLog inEntries feedComments feedWordPress.org Carbon Herald Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertising Carbon Herald Latest Cuba Announces Incentive For Forest Carbon Removal, Eyes Carbon Bonds Market New Oxford Offsetting Principles Call For Focus On Carbon Removal Offset8 Capital Ltd Initiates First Transaction For Biochar Project In Indonesia Equatic To Build The World’s Largest Ocean Carbon Removal Plant агреена zurich insurance ZS2 PolicyRemovalCuba Announces Incentive For Forest Carbon Removal, Eyes Carbon Bonds MarketbyTheodora StankovaFebruary 29, 20242 minute read Total0Shares 0 0 0 0 0 0 0 Cuba has introduced a pioneering initiative focused on supporting sustainable forest management through the payment for environmental services for carbon removal, a move that also positions the country as an active player in the global carbon bonds market.Published in the Official Gazette of the Republic, the resolution signifies a groundbreaking incentive available to individuals or entities responsible for forest management, state news agency Prensa Latina reported Tuesday.It rewards those who, through sustainable forest management practices, contribute to the removal of carbon from the atmosphere by storing it in the country’s forests.Under provision number 28 of 2024 from the Ministry of Agriculture, “carbon retention is the storage of carbon in the biomass of living trees.”Thus, those overseeing forest assets are eligible to apply for payment for the environmental service of forest carbon removal, with the Agroforestry Research Institute (INAF) entrusted with ensuring compliance with the stipulated requirements.Relevant: New Study Shows Reforestation And Protecting Current Forests Could Store 226GT Of CO2This initiative not only fosters environmental sustainability but also paves the way for Cuba’s participation in the global carbon bonds market.“The norm is a precedent for Cuba’s participation in the market of carbon bonds, a worldwide financing mechanism that allows the promotion of projects in favor of the care of the planet,” the United Nations Development Program (UNDP) office in Cuba said in a communiqué, as cited by Prensa Latina.The UNDP office in Cuba has actively advocated for the adoption of innovative financial mechanisms to address financing gaps hindering the Caribbean nation’s sustainable development goals.These mechanisms, including those related to sustainable land management and biodiversity preservation, are crucial in mitigating environmental challenges.The current initiative is a direct outcome of the collaborative efforts under the Biodoversity Finance Initiative (BIOFIN), a global program managed by the UNDP, Prensa Latina said.It is complemented by the Ecovalor project, an international cooperation project presented by Cuba at the COP28 climate change conference, aimed at leveraging economic and financial mechanisms that recognize ecosystem services’ value and their economic implications.Read more: Crediting Carbon Credits: The Case For Forest Conservation Carbon Projects 0 0 0 Cubaforest carbon removalUnited Nations Development ProgramLeave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment *Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ View Comments (0)Subscribe to Our Weekly Newsletter Get the Latest News About the Carbon Industry Subscribe By checking this box, you confirm that you have read and are agreeing to our terms of use regarding the storage of the data submitted through this form. Search Recent Posts Cuba Announces Incentive For Forest Carbon Removal, Eyes Carbon Bonds Market February 29, 2024 New Oxford Offsetting Principles Call For Focus On Carbon Removal February 28, 2024 Offset8 Capital Ltd Initiates First Transaction For Biochar Project In Indonesia February 28, 2024 Equatic To Build The World’s Largest Ocean Carbon Removal Plant February 28, 2024 Bain & Company Makes The Inaugural VCMI Carbon Integrity Claim February 28, 2024Social Links LinkedIn Twitter Facebook Related Posts Read More Carbon MarketsRemovalNew Oxford Offsetting Principles Call For Focus On Carbon Removal The updated Oxford Offsetting Principles have just been published, and they reflect the changes emissions offsetting and the…February 28, 2024 Read More Carbon MarketsCompaniesRemovalOffset8 Capital Ltd Initiates First Transaction For Biochar Project In Indonesia Offset8 Capital Limited – an Abu Dhabi Global Market-based proprietary asset management firm, and Sawa EcoSolutions – a…February 28, 2024 Read More RemovalEquatic To Build The World’s Largest Ocean Carbon Removal Plant Carbon removal company Equatic has just announced its plans to build what will be the world’s largest ocean…February 28, 2024 Read More PolicyNew Report Highlights ‘Daunting’ Challenges On Canada’s Path To Net Zero The path to Canada’s net-zero goal by 2050 is predicted to be challenging and complex, according to a…February 27, 2024 Carbon Herald About usContact UsMedia Kit Published by Net Zero Communications Ltd – Company No. 13165965 Total0Share 0 0 0