Region Archives: International

The European Commission on Wednesday proposed an EU climate target for 2040 that for the first time will allow countries to use carbon credits from developing nations to meet a limited share of their emissions goal. The European Union executive proposed a legally-binding target to cut net greenhouse gas emissions by 90% by 2040, from 1990 levels – aiming to keep the EU on course for its core climate aim to reach net zero emissions by 2050. But following pushback from governments including France, Germany, Italy, Poland and the Czech Republic, the Commission also proposed flexibilities that would soften the 90% emissions target for European industries. Reflecting Germany’s public stance, up to 3 percentage points of the 2040 target can be covered by carbon credits bought from other countries through a U.N.-backed market, reducing the effort required by domestic industries. 

In an update to the joint UNESCO-WRI-IUCN report “World Heritage forests: carbon sinks under pressure”, new data reveals that fires have accounted for approximately 75% of tree cover loss in World Heritage sites. Steadily increasing tree cover loss due to fires, fueled by climate change, has led to record high emissions, and threatens the robust carbon sinks of forests in World Heritage sites. Since 2001, approximately 4.5 million hectares of forest—more than the area of Switzerland—have been lost across World Heritage sites, with fires responsible for around 75% of that loss. The vast majority — approximately 80% — of all fire-related tree cover loss occurred in high-latitude forests, primarily across North America and Siberia. Forests in Australia account for an additional 15% of the loss, while all other regions contributed approximately 5%.

Andrew Boutwell

Investors increasingly understand the role sustainable forestry can play in the path to a net zero economy, argues Andrew Boutwell, Senior Managing Director and Head of Investment Management at Forest Investment Associates. Investors increasingly see forests as platforms for a broader set of value streams, for example ranging from carbon credits and conservation finance to renewable energy siting, mitigation banking, and participation in the growing bio-economy. As the pricing of natural capital becomes more sophisticated and land markets respond to climate adaptation needs, we believe diversified forest portfolios will be well-positioned to capture these uplift opportunities. This shift is driving renewed focus on land use optimisation through data, analytics, and active management. From converting marginal plantations to solar use, to improving productivity on high-quality soils, to conserving ecologically sensitive areas, diversified forest portfolios enable strategic flexibility. For investors, this means cash flow from timber alongside exposure to a growing set of land-based value drivers aligned with climate-smart use.

When Domino’s advertised its “smokehouse” pizzas in 2023, it trumpeted that the meat was smoked over timber logged from “Aussie Mountain ash”. It also advertised that the timber was certified as sustainable. But what the advertising didn’t promote was that mountain ash forests are critically endangered, with logging listed as one of the key processes threatening them. And now the ABC can reveal the certification that assured consumers that logging was sustainable was breached in seven different ways, according to the organisation that accredits certifiers. Those breaches included potentially stealing the trees from the neighbouring state forest, ignoring protections for waterways and logging potential endangered species habitat. “I think Australians should be absolutely appalled that the world’s tallest flowering tree is chipped up to make woodchips to smoke pork bellies to put on pizzas. It’s ridiculous. What are we talking about? Endangered possum pizzas?” Professor Lindenmayer said.

Naturally-regenerating forests are often ignored by policymakers working to curb climate change even though they hold an untapped potential to rapidly absorb planet-warming carbon from the atmosphere, scientists found in a research paper published Tuesday. These so-called secondary forests, which have regenerated themselves after being razed, often for agriculture, can help bring the world closer to the net-zero emissions target needed to slow global warming, the research published in the journal shows. That is because these young forests, which are made of trees between two and four decades old, can remove carbon from the atmosphere up to eight times faster per hectare than forests that were just planted, they found. It comes as companies worldwide are raising millions of dollars to regrow forests from scratch to generate carbon credits they can sell to polluting industries seeking to offset their greenhouse gas emissions.

Naturally-regenerating forests are often ignored by policymakers working to curb climate change even though they hold an untapped potential to rapidly absorb planet-warming carbon from the atmosphere, scientists found in a research paper published Tuesday. These so-called secondary forests, which have regenerated themselves after being razed, often for agriculture, can help bring the world closer to the net-zero emissions target needed to slow global warming, the research published in the journal Nature Climate Change shows. That is because these young forests, which are made of trees between two and four decades old, can remove carbon from the atmosphere up to eight times faster per hectare than forests that were just planted, they found. … “It’s a constant cycle of deforestation,” said Nathaniel Robinson, one of the authors and a scientist at the Center for International Forestry Research and World Agroforestry.

Judges across the world are proving sceptical of companies’ attempts to offset their greenhouse gas emissions by buying carbon credits, a report has found. In an analysis of nearly 3,000 climate-related lawsuits filed around the world since 2015, the latest annual review of climate litigation by the London School of Economics found action against corporations in particular was “evolving”, with growing scrutiny of how companies plan to meet their stated climate commitments. Dozens of legal challenges over the past decade have raised arguments related to carbon credits, and many have been successful. Last month, Energy Australia acknowledged that carbon offsets did not prevent or undo damage caused by greenhouse gas emissions. …Cases such as these “focus on the integrity of carbon credits and the claims that can be made regarding the carbon emissions of a product or service when credits are purchased to ‘offset’ emissions from that product or service”, the LSE report found.

Protecting and restoring forests are essential for curbing climate change. But while efforts often focus on conserving mature forests and planting new trees (both of which are badly needed), a critical piece of the puzzle is often overlooked: managing naturally regrowing forests to increase the carbon they remove. Until now, scientists did not have a detailed picture of the carbon removal value of naturally regrowing forests. But new research by The Nature Conservancy, WRI and partners shows that naturally regenerating “secondary forests” (which have regrown after being cleared by harvests, severe fires, agriculture or other disturbances) could be especially powerful for fighting climate change. It is the first to show where, and at what ages, they can have the biggest impact. We found that secondary forests between 20 and 40 years old can remove carbon from the atmosphere up to 8 times faster per hectare than new natural growth —if they’re allowed to reach those older ages.

While biomass production and extraction in the European Union continue to grow, its long-term viability is at risk due to declining ecosystem conditions. A new report calls for more coherent governance and urgent actions to ensure that biomass production and use are compatible with ecological limits and policy goals… The report shows that while forest conditions have improved in 33 forest ecosystems, their situation declined significantly in northern Scandinavia, the Carpathians, and the Iberian Peninsula. Based on forest growth modelling simulations, which assume that current trends of 2% GDP growth persist, we could be facing an increase in roundwood demand of 30% by 2050, compared with 2020 figures. Under the current forestry regimes, this could result in demand for wood exceeding available domestic EU supply by 6%.

Keir Starmer

LONDON — Energy costs will be cut for as many as 7,000 UK businesses as the government scraps green levies to level the playing field with foreign rivals and boost growth under its new ten-year Industrial Strategy. Big users of electricity will be exempted from several climate schemes from 2027 to reduce their bills by as much as 25% and protect 300,000 skilled jobs, the government said. Separately, heavy industries like steel, chemicals and glass will have their network charges, paid to maintain the grid, discounted by 90% from next year – up from 60% currently. …Prime Minister Keir Starmer said the strategy “marks a turning point for Britain’s economy.” …Labour insisted the exemptions would complement its “long-term mission for clean power” and… will be “funded through reforms to the energy system,” specifically higher UK carbon pricing. As part of the recent trade deal with the European Union, the government agreed to rejoin the EU carbon market.

FutureMetrics LLC on June 17 published a white paper discussing how expected changes to U.K. bioenergy subsidies could cause the Drax and Lynemouth Power Stations to consider using thermally treated wood pellets. The two facilities are the world’s largest consumers of wood pellet fuel for power generation. Drax operates four 650 megawatt (MW) units that were converted from coal to wood pellets, while Lynmouth operates three 140 MW units that were converted from coal to wood pellets. Together, the facilities consume 8 to 9 million metric tons per year of wood pellets. Most of that fuel is sourced from North America and must be kept dry during storage and transportation. …FutureMetrics explains that this interim subsidy program is expected to create significant changes to the generation profiles of the Drax and Lynmouth facilities, as operations will only be supported when power from the plants is needed to meet demand. 

Dale Vince

[Opinion by Dale Vince] How green is this? We pay billions of pounds to cut down ancient forests in the US and Canada, ship the wood across the Atlantic in diesel tankers, then burn it in a Yorkshire-based power station. Welcome to the scandal of Drax, where Britain’s biggest polluter gets to play climate hero. The reality is that billions in public subsidies has enabled Drax to generate electricity by burning 300m trees. Now the government is trying to force through an extension that would grant Drax an estimated £1.8bn in public subsidies on top of the £11bn it has already pocketed, keeping this circus going until at least 2031. This isn’t green energy. The mathematics alone should horrify anyone who cares about value for money or the environment. Burning wood creates 18% more CO2 emissions than coal. Even if you replant every tree Drax destroys, it takes up to a century for new growth to reabsorb the carbon released.

Today, at the Living Planet Symposium, ESA revealed the first stunning images from its groundbreaking Biomass satellite mission – marking a major leap forward in our ability to understand how Earth’s forests are changing and exactly how they contribute to the global carbon cycle. But these inaugural glimpses go beyond forests. Remarkably, the satellite is already showing potential to unlock new insights into some of Earth’s most extreme environments. Biomass – an Earth Explorer research mission developed within ESA’s FutureEO programme – was launch less than two months ago. This new mission is, therefore, still in the process of being commissioned, but its first set of images are stunning none the less. …Biomass is the first satellite to carry a P-band synthetic aperture radar, its signal capable of penetrating forest canopies to measure woody biomass – trunks, branches and stems. These measurements serve as a proxy for carbon storage, the assessment of which is the mission’s primary objective.

The International Commission on Poplars and Other Fast-Growing Trees Sustaining People and the Environment (IPC) hosted by the Food and Agriculture Organization of the United Nations (FAO) today published a comprehensive guide on the innovative use of fast-growing trees to help sustain people and the environment amid the climate crisis. The report explains the qualities of different species of fast-growing trees and the economic and environmental benefits they bring in a wide range of settings when managed sustainably. It also outlines the potential to maximise those benefits globally using the latest science and innovative practices. “Fast-growing trees have a strategic role to developing a thriving global bioeconomy,” said Zhimin Wu, Director of FAO’s Forestry Division. “They also provide livelihoods for local communities and hold significant potential for combating climate change.”

DS Smith has brought online a €90 million biomass boiler at its Rouen paper mill in Normandy, France – one of Europe’s largest mill energy transitions to date. The new system replaces the site’s coal-fired boiler with a low-carbon, circular solution powered by locally sourced biomass waste. The project is expected to cut CO₂ emissions by 99,000 tonnes annually – equivalent to removing 40,000 cars from the road or powering 13,000 French homes each year. The boiler will process around 94,000 tonnes of biomass fuel each year, including industrial and municipal waste wood – mainly from the Paris and Normandy regions – as well as paper production by-products. Up to 70,000 tonnes of wood waste will be diverted from landfill annually, supporting DS Smith’s 2030 zero-landfill target.

The Phillipines sits on a goldmine of forest and carbon wealth. But an unclear and short-sighted property rights regime is choking its potential; existing rules are partially to be blamed. Forest lands, which are State-owned lands, span 15.8 million hectares or half of the country’s total land area. The 1987 Constitution states that all lands of the public domain, forest lands included, belong to the State. It can either manage them directly or partner with private entities, as long as Filipino citizens own at least 60% of the company involved and these agreements last 25 years, renewable for another 25. This legal framework along with existing policies, designed to regulate the exploitation of natural resources like mining and logging, now constrains investment in regenerative and non-extractive activities such as reforestation and carbon sequestration… The current tenure framework on forest lands does not match the biological and economic realities of forest and carbon development.