Climate-Forests Agreement Reached
Coalition of Corporate and Conservation Leaders Creates Breakthrough Consensus on Tropical Forests in Climate Legislation
The coalition includes: American Electric Power, Conservation International, Duke Energy, Environmental Defense Fund, El Paso Corporation, National Wildlife Federation, Marriott International, Mercy Corps, Natural Resources Defense Council, PG&E Corporation, Sierra Club, The Nature Conservancy, Union of Concerned Scientists, The Walt Disney Company, Wildlife Conservation Society, and the Woods Hole Research Center.
In the policies outlined by the agreement, companies would be eligible to receive credit for reducing climate pollution by financing conservation of tropical forests. In addition, five percent of the value of new greenhouse gas emission permits would be dedicated to tropical forest conservation. The full agreement is available on Avoided Deforestation Partners’ website at http://www.adpartners.org.
“Chairman Waxman, Congressman Markey, and the entire committee deserve real credit for including these powerful tropical forest conservation measures in their legislation,” said
Coalition members praised the agreement.
“These tropical forest protections will help make tackling climate change both more affordable and comprehensive,” said
“Fighting global warming and moving to a clean energy economy will require the world come together and protect the world’s tropical forests,” said
The agreement discusses the importance of protecting tropical forests for alleviating poverty, promoting peace and security, and protecting endangered wildlife. The agreement also includes specific protections for biodiversity, indigenous and forest-dependent communities, and the rural poor.
The signers of the agreement called for
SOURCE Avoided Deforestation Partners