As CB readers will know, I’ve reported a few times on our iREDD idea, and it got a little pick-up overseas. Here’s a great article by Rachel Nuwer covering the concept, published in Ecoimagination.com.
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Almost everything we own – our houses and cars and our very health – is insured. It works on a simple principal: the higher the risk, the higher the premium. It’s an age-old concept that ecological modelers have decided to apply to a new area: forest preservation.
A new proposal, published in the journal Conservation Letters, would create forest insurance to make the U.N. forest preservation program Reduced Emissions from Deforestation and forest Degradation, or REDD, more effective. REDD is generally supposed to function by paying developing countries to protect their forests in exchange for carbon pollution credits. Currently the program has 42 partner countries across the globe. The program is crucial to the fight against climate change since deforestation and forest degradation accounts for about 20 percent of global greenhouse gas emissions and threatens biodiversity.
“REDD is a fantastic idea,” said Corey Bradshaw, director of ecological modeling at the University of Adelaide and co-author of the study. “You get a carbon advantage and biodiversity doesn’t get wiped out at the same time, it seems perfect.”
But it has a few major flaws that the insurance scheme, called iREDD, seeks to remedy.
REDD only works if the parties are honest and stick to the agreement. Bradshaw doesn’t have much faith that will happen. “If there’s a way to cheat, people will cheat. That’s the nature of all life, not just humans, but we excel at it,” he said. If, for example, a country is paid to conserve one forest but moves its deforestation efforts to an adjacent forest in order to get both money and timber, in terms of carbon offsets, that transaction was a failure. This phenomenon is called “leakage.”
Carbon-capture also only works if it’s maintained indefinitely. If a country accepts money for ten years and then cuts its forest the day after the agreement expires, then all of that conservation was for naught. This issue is called “permanence,” usually translated into an arbitrarily defined period of time set by countries in terms of decades or centuries. Read the rest of this entry »
ConservationBytes.com 