According to the World Wildlife Fund (WWF), increased commitment to the carbon market around the world will help to protect forests and forest communities.
Speaking at the UN Framework Convention on Climate Change in Bangkok, the WWF’s James Leape stated, “if strong policies are put in place to ensure real reductions in emissions and real benefits to forest communities, investors can play a key role in supporting Reduced Emissions from Deforestation and Degradation (REDD).”
The WWF presented the results of their survey at the meeting. The WWF’s research involved interviews with 25 sustainable investors and analysts in the Asia Pacific, US and European regions.
The interviews found that there was significant support among these investors for an expanded carbon market that would “address” the 20 per cent of carbon emissions that are caused by forest degradation and deforestation.
Investing in sustainable forestry is a sound way of supporting forestry and forest communities, while producing timber for the production of alternative energies.
WWF says that government investment and policy changes need to happen to encourage investors to put their money into the development of the carbon market.