Brazil Wants Limits on Tropical Trees for CO2 Credits

Jeremy van Loon and Adriana Brasileiro-Bloomberg, 12/02/09

South America’s largest economy will make the forestry proposal at next week’s climate summit in Copenhagen, where about 190 countries are trying to establish new reductions in greenhouse-gas emissions, Environment Minister Carlos Minc said.

Brazil will support a United Nations plan to save trees provided industrialized nations agree to use a maximum of 10 percent of their emissions targets to invest in forest projects, Minc told reporters. Otherwise, richer countries may overuse the program at the expense of making carbon cuts at their own factories and power plants, he said.

“After five rounds of negotiations with the governors from the Amazon, we decided to incorporate REDD in our national proposal but under certain conditions,” the minister said yesterday in Brasilia, using the initials for the UN’s “reducing emissions from deforestation and degradation” plan.

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