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<entry>
    <title>Coverage of the National Mitigation and Ecosystem Banking Conference - May 11</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/coverage-of-the-national-mitigation-and-ecosystem-banking-conference---may-11.php" />
    <id>tag:eko-eco.com,2012://1.183</id>

    <published>2012-05-09T17:35:17Z</published>
    <updated>2012-05-15T18:42:15Z</updated>

    <summary>Conference coverage courtesy of Becca Madsen of Madsen Environmental. ...continuing coverage on the National Mitigation and Ecosystem Banking conference in Sacramento, California from May 8-11. Friday, May 11 Breakfast Plenary - Legislative and Regulatory Update Regulations are the true driver...</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
        <category term="Biodiversity" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="General Payment for Ecosystem Services" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="Water" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><em>Conference coverage courtesy of Becca Madsen of <a href="http://www.madsenenvironmental.com">Madsen Environmental</a>.</em></p>

<p>...continuing coverage on the <a href="http://www.mitigationbankingconference.com/">National Mitigation and Ecosystem Banking conference</a> in Sacramento, California from May 8-11.<br />
<strong><br />
Friday, May 11</strong></p>

<p><strong>Breakfast Plenary - Legislative and Regulatory Update</strong><br />
Regulations are the true driver of mitigation banking, so conference planners always leave the 'good stuff' - aka a round-up of regulatory news - for the last day. </p>

<p>First to speak was Peggy Strand Esq., of Venable LLP, which is the firm that represents the National Mitigation Banking Association. Ms. Strand saw no major policy or regulatory changes coming out of Congress or the agencies, but provided two ideas to agencies for what could be done to improve wetland mitigation:<br />
•	Oversee permittee-responsible mitigation with the same scrutiny as banking, and  <br />
•	Pursue enforcement actions to ensure that permittees seek high quality mitigation.</p>

<p>Gary Frazer, Assistant Director for Endangered Species with the U.S. Fish and Wildlife Service, noted that the agency supported the growth of conservation banking for several reasons. First, to provide an incentive for strategic (as opposed to opportunistic) species conservation. He also appreciated the landscape perspective potential of banking. Finally, the agency is faced with larger projects to evaluate, particularly with renewable energy development and regional development plans, which can be well-suited to compensatory mitigation via conservation banking. </p>

<p>One of the key policy issues the U.S. FWS is confronting are settlement agreements. The agency has completed a great deal of listing determinations and critical habitat designations and that will continue to be a large part of the workload. The increased number of listed species means that there will be more evaluations, and potentially greater use of conservation banking. For example, following a proposed listing of the dunes sagebrush lizard in southeastern New Mexico/west Texas, oil and gas companies have begun working on a Candidate Conservation Agreement with Assurances, which has a lot of characteristics of conservation banking. In March of 2012, the agency requested public comment on various landowner endangered species incentive programs. One issue on which they particularly want comments is how and whether the agency should provide incentives for candidate (pre-compliance) species, including the use of banking. The agency also has provided increased internal training for agency staff on conservation banking. </p>

<p>Denise Keehner, Director of the Office of Wetlands, Oceans and Watersheds with the US EPA, discussed the 2008 Rule and pressure from the industry to improve consistency and implementation. In response, her agency is investing in training, including Interagency Review Team 'bootcamps,' and trainings relating to stream restoration. The EPA is also holding regular meetings across regions to bring up issues and hopefully improve consistency of implementation across regions. Regarding the watershed approach, the agency has had requests for greater clarification and they have responded by compiling examples of watershed approach and supporting Environmental Law Institute's development of a handbook.</p>

<p>There has also been great deal of work on the part of both EPA and the Corps to clarify the legacy of the SWANCC and Rapanos Supreme Court decisions. In April of 2011, the agencies released draft guidance on which waters were covered under the Clean Water Act. Draft guidance that was released reaffirmed protections for wetlands, maintained exemptions for agriculture, and focused on small headwater streams. Comments were gathered and considered and in February of 2012, draft final guidance was released for interagency review. Final guidance is expected to come out this Spring. Beyond guidance, the agency has the intention to proceed with rulemaking. </p>

<p>Other agency efforts related to wetlands include data collection and analysis, including the National Wetlands Condition Assessment and a Status and Trends Report. In March of this year, an Executive Order (EO) was released requiring efforts to streamline permitting of infrastructure development - a requirement that all agencies are dealing with. The message from DC was to focus on the economy and job growth, and to make permitting efficient and timely to achieve this while protecting the environment.</p>

<p>Angela Somma, Chief of the Endangered Species Division at NOAA, spoke about her agency's efforts related to species recovery and opportunities for conservation banks. NOAA does not currently have internal policy guidance related to conservation banking. Their focus has been to support experimentation at the regional level that will inform national guidance they are developing and they hope to release by early 2013. Regions like the Southwest region and Northwest region have developed or are developing regional guidance to help staff members understand and encourage the use of conservation banking for aquatic species recovery. Ms. Somma noted that she was interested in replicating the Western adoption of conservation banking to the East coast, where the agency was listing more anadromous fish species. That said, getting the attention of the agency for fish banking has been a struggle because of normal agency focus on the marine environment. </p>

<p>Margaret (Meg) Gaffney-Smith, the Chief of the Regulatory Program of the U.S. Army Corps of Engineers, discussed issues related to her agency's regulation and oversight of compensatory mitigation. One of the biggest issues for her office was guidance on Clean Water Act jurisdiction in light of Supreme Court decisions, which the previous speaker noted. Ms. Gaffney-Smith noted "Obviously it's highly controversial and there are people interested in it on both sides." Another major focus of her office has been the release of new nationwide permits, with new categories for alternative energy development. She also echoed that there was administration pressure to streamline permitting processes: "How fast can we get things done when it comes to energy transmission infrastructure" while complying with environmental laws. "It's going to be an extreme challenge and a lot of the burden is going to come back to the Corps." Like the EPA, the Corps is also working on guidance in the form of handbooks on multiple issues including real estate, watershed assurance, and the HGM method. Other activities the agency is taking include internal trainings, cumulative effects modeling and piloting in Appalachia and the Puget Sound.</p>

<p><strong>Breakfast Plenary Q & A</strong><br />
Below is a small sample of audience questions.</p>

<p>Q: Is there anything the banking community can do to help the ACE Districts in their timeliness of uploading bank data to RIBITS?<br />
A: No, but Districts are getting much better. One of the things that could be helpful would be to notify a District of inaccurate information.</p>

<p>Q: An earlier speaker address the idea of an audit of the 2008 Rule - is there any interest in this? <br />
A: The EPA and Corps have been talking about taking stock of the Rule, and the agencies were committed focusing on this in 2013.</p>

<p>Q: There was some discussion of consolidating NOAA into the Department of Interior - can you comment?<br />
A: The Government Accountability Office (GAO) is doing work with DOI and Department of Commerce and there is a lot of exploratory work to be done. The focus on the Executive Order (EO) [requiring streamlining] will focus the agency on our existing statues and get better conservation results. In terms of communication, the EO requires transportation projects to be posted on a 'dashboard' so the public can track timelines.</p>

<p>Q: Are there any initiatives to expand conservation banking? <br />
A: There is no legislative action on the Endangered Species Act in the foreseeable future. All agencies are reviewing regulation to be responsive to the EO, such as the process for designating critical habitat, but... the agency doesn't anticipate changing policy that would affect the need for compensatory mitigation. They are looking into creative uses of HCPs. As well, the number of species listings is increasing and petitions are increasing.</p>

<p>Q: There is a clear preference for wetland mitigation bank [in the 2008 Rule], but no parallel requirement for conservation banking. Is there an initiative to change that?<br />
A: We can inform actions, and encourage, but there are limits to what we can dictate and drive in Section 10 applications.  </p>

<p><br />
<strong>Session on Users/Customers-Needs & Challenges</strong><br />
This final session gave mitigation industry folks an outsider's perspective of using bank credits. </p>

<p>Brian Plant, Counsel for Remy, Thomas, Moose & Manley, gave a presentation on the a permit applicant's process and opportunities for bank credit use. Within a 404 permit, the application needs to make a statement about their proposed compensatory mitigation. The Corps reviews for accuracy and then puts it out for public notice - which is helpful for mitigation bankers. </p>

<p>There are some emerging state issues that impact the permit application process. For example in California, although isolated waters do not fall under federal (US ACE jurisdiction), they do fall under protections of California state law. State policy tends to focus on avoidance and on-site restoration and may require separate mitigation requirements beyond federal mitigation. Applicants have to demonstrate that the proposal is 'LEDPA' - the least environmentally damaging practicable alternative. Although there is a requirement of sequencing (avoiding, minimization, and only as a last step compensatory mitigation), mitigation is always in the background, he notes. Mr. Plant provided some background on the 2008 Rule (for aquatic compensatory mitigation). "At the end of the day we want quick and efficient ways to solve our mitigation problems, and that's what mitigation banks do for us." He thinks that there are opportunities to include bank credits in HCPs. </p>

<p>Corrie Veenstra, Ecologist, with the Office of Planning, Environment and Realty, at the Federal Highway Administration, spoke about FHWA connections to mitigation banking - particularly the federal aid highway program. The agency directs funds to state transportation projects, but does not pick projects. These state Departments of Transportation (DOTs) are consistent buyers of credits in this economy. Many impacts from highways are in areas with no banks, but bank credits outside the service area of the impact are often used. DOTs may not be aware of banks in their project areas, so it is important to communicate with the agencies. FHWA has an 'Every Day Counts' initiative, which - like other agency efforts - is aimed at streamlining processes in developing transportation infrastructure. </p>

<p>David C. Robinson, CEO of Mitigation Procurement Systems, discussed the benefits of outsourcing restoration work rather than creating permittee-responsible mitigation banking or in-house restoration for an in-lieu fee program. A customer's risk is reduced if they purchase credits from either an ILF or mitigation bank (thereby transferring legal liability for the success of the restoration) whereas permittee responsible mitigation incurs risks for an indefinite period. Even ILF programs have risks... of spending too much. Mr. Robinson highlighted NC EEP staffing costs which translated into higher restoration costs and productivity than contracted restoration work. He noted that the ILF program had less flexibility in reducing staffing than external organizations during a downturn in demand for restoration. Mr. Robinson featured several graphs of risk related to the proportion of outsourced work. He noted that in-house restoration requires staffing and skills beyond what would be needed for contracted restoration. Overall, Mr. Robinson emphasized the benefits of outsourced, contracted wetlands and stream restoration. </p>

<p><br />
This concludes the 2012 National Mitigation Banking and Ecosystem Conference. The 2013 conference is scheduled to take place in New Orleans. Until then, laissez les bon temps rouler! <br />
</p>]]>
        
    </content>
</entry>

<entry>
    <title>Coverage of the National Mitigation and Ecosystem Banking Conference - May 10</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/coverage-of-the-national-mitigation-and-ecosystem-banking-conference---may-10.php" />
    <id>tag:eko-eco.com,2012://1.182</id>

    <published>2012-05-09T17:18:39Z</published>
    <updated>2012-05-11T07:14:22Z</updated>

    <summary>Conference coverage courtesy of Becca Madsen of Madsen Environmental. ...continuing coverage on the National Mitigation and Ecosystem Banking Conference in Sacramento, California from May 8-11. Thursday, May 10 Emerging Markets Session This session takes us on a mini-tour of developments...</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
        <category term="Biodiversity" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="General Payment for Ecosystem Services" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="Water" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><em>Conference coverage courtesy of Becca Madsen of <a href="http://www.madsenenvironmental.com">Madsen Environmental</a>.</em></p>

<p>...continuing coverage on the <a href="http://www.mitigationbankingconference.com/">National Mitigation and Ecosystem Banking Conference</a> in Sacramento, California from May 8-11.</p>

<p><strong>Thursday, May 10</strong></p>

<p><strong>Emerging Markets Session</strong><br />
This session takes us on a mini-tour of developments in Japan and Canada, and an update of one of the major current water quality trading initiatives in the US - the Ohio River Basin Water Quality Trading Project.  </p>

<p>Kiichiro Hayashi, Professor at the EcoTopia Science Institute at Nagoya University in Japan, spoke about research on the potential for biodiversity banking in Japan, which is a topic of interest in Japan although there currently is only voluntary activity. Regarding the potential drivers of biodiversity offsets/banking, Dr. Hayashi described the lack of investment and management of both forests (eg, lack of active management like thinning) and SATOYAMA areas, which are landscapes that combine natural features and agricultural or forest production. The activity that has occurred to mitigate or direct funds in the country include a tax on forests and local government fees on drinking water.</p>

<p>Dr. Hayashi's research has included 'assessment' methods, which appear to be a holistic prioritization/mapping of important habitat and provisioning of ecosystem services. His research group is also conducting a cost-benefit analysis of a banking system - and he requested that US bankers help in this effort by completing a survey regarding costs in setting up banks in the US. For Japan, the high price of land weighs the cost side of the equation in a cost-benefit analysis.</p>

<p>Patrice LeBlanc, Senior Habitat and Environmental Specialist with SENES in Ontario Canada, provided an overview of habitat banking in Canada. In Canada, any alteration of fish habitat is prohibited, unless permitted by the Department of Fisheries and Oceans (DFO). This permitting system is the driver for compensatory mitigation/banking. About 10 years ago, DFO released guidance on fish habitat compensation which included some mention of banking, but no great detail (think ~1 page vs. the 20+ pages of the US' 2008 Rules). </p>

<p>The first bank in Canada was established in 1993, and slowly more banks emerged in Nova Scotia, Quebec, Manitoba, and Alberta. Mr. LeBlanc detailed the recent history of an industry-led effort to research the potential to expand the use of banking in Canada. The government has slated to make revisions to major environmental law and policy for faster and smarter regulatory reviews - another reason for the evolving interest in banking. </p>

<p>Phase 1 of the banking study resulted in a series of recommendations: developing principles, accounting methods for credits and debits, banking agreements, service area determinations, monitoring protocols, and performance standards.  The habitat compensation guidance is being updated, with stakeholder input. The industry-led effort is continuing to the second phase of the study, which includes the development of drafts of some of the recommendations noted above (eg - principles). A national workshop is scheduled at the end of June to review research and recommendations to date. </p>

<p>Jessica Fox, Senior Manager with the Electric Power Research Institute (EPRI) reviewed highlights of the Ohio River Basin Water Quality Trading Project. The project is soon to become the world's first consensus agreement on interstate water quality trading (for nutrients). The reason the power industry is supporting this project is that while there is a drive to install 'scrubber' mechanisms, "nutrients don't disappear. They go somewhere, and typically they go into the waterway." Water quality trading is seen as one tool available to deal with non-point source water quality issues. <br />
 <br />
The potential market size for water quality trading in the Ohio basin encompasses:<br />
- 8 states<br />
- 46 power plants<br />
- 230,000 farmers that could be creating credits<br />
- thousands of wastewater treatment plants<br />
- millions of pounds of nutrients</p>

<p>The project has developed a draft trading plan which will be signed in July. Pilot trades are planned on the boundaries of Ohio, providing an opportunity to test interstate trades. One of the major components of the project has been the development of a publically-available model (Watershed Analysis Risk Management Framework, or WARMF). Ms. Fox noted that the model provides a foundation for ecologically-defensible crediting. Ms. Fox noted that EPRI was going to publish the methodology in peer-reviewed literature in September - and this rigor was a reason for achieving agency buy-in. </p>

<p>During the pilot, EPRI will give funds to farmers through soil and water conservation districts who will aid in implementing BMPs with the farmer. EPRI is investigating the Markit environmental registry for online transparency of regulator-verified credits. Finally, a unique component of the project is testing 'stacking' of carbon credits generated from reductions of fertilizer use. The Climate Action Reserve (CAR) has a comment period open for this protocol.<br />
 <br />
One of the topics of interest in the Question and Answer session was regarding the 'lifespan' of water quality credits. While EPRI was considering 5- and 10-year credits, an audience member noted that North Carolina nutrient credits were 'permanent' and required a conservation easement. </p>

<p><br />
<strong>Lunchtime Plenary on Trends in Banking</strong><br />
The plenary discussion focused on new opportunities for mitigation banking (in-lieu fee funds as potential credit buyers, post-BP gulf spill coastal restoration), and an overview of the latest national data on mitigation and mitigation banking. </p>

<p>Doug Lashley, Managing Member of GreenVest, presented on concepts about using mitigation credits in In-Lieu Fee programs (ILF). Mr. Lashley noted that 11 Corps Districts had implemented 2008 Rules in regards to bringing ILF programs in compliance. But as of June of 2013, all ILFs must be in compliance with the 2008 Rule. Mr. Lashley urged the audience to note public notices of proposed ILFs. Mr. Lashley noted the importance of not just Clean Water Act 404 permitting ILF programs, but other ILF programs that protection natural resource values like forests, streams, flood storage, etc. where there could be opportunities to tap funds to purchase credits to meet program needs. </p>

<p>As well, some funds were collected as fines that needed to be spent and could be used to purchase mitigation credits. The opportunity in this area is where programs collect money in accounts without the capacity to direct it efficiently and reduce the temporal loss of wetland functions and values. Some examples of states which allow mitigation credits to satisfy ILF program needs are: FL, MS, MO, NJ, CA, WA, and NC. </p>

<p>George Howard, President of Restoration Systems, appealed to the audience to apply their skills and experience beyond speculative mitigation banks to other restoration needs. Resources are coming. In Louisiana there will soon be $500 million, $600 million... up to $1 billion spent annually to restore coastal ecosystem services in Louisiana and the Gulf coast.  Fifty billion was the price tag noted in a March 2012 Louisiana master plan [relating to coastal restoration]. And that plan links to BP restoration funds. But what was not discussed in the plan was *how* they were going to do it (and efficiently). </p>

<p>Mr. Howard purports that bureaucracies are poorly suited to get it done - but the mitigation banking industry has nimble skills along with a financial model that includes financial assurances. His proposition was to apply the North Carolina model of full-delivery mitigation to other areas needing coastal restoration. He noted that with collaboration, there was the potential to access resources of up to $50 billion for something the industry knows how to do.</p>

<p>David Urban, Director of Operations of Ecosystem Investment Partners, provided a big picture view of the current state of mitigation banking. He first noted the history and growth of mitigation banking - which started with early banks in the 1990s, grew to around 500 prior to the 2008 Rule and has since grown to around 900 banks. He noted that there was a lot of press about the failure of wetland mitigation in general. The 2008 Rule was a result of the 2002 National Academy of Sciences study that laid out what should be included in a mitigation plan. Mr. Urban noted that a standard against which mitigation banks are measured is regulatory requirements -- and the track record is favorable with only 1% of banks suspended. <br />
 <br />
A brief foray into analyzing RIBITS database unearthed both internal and external errors in data availability and analysis - highlighting the need for continued transparency of data. The other piece of the story, Mr. Urban noted, related to 'ORMS' wetlands permits data. From 2011 data, only about 50% of the watersheds in US had a permit issued for an impact to wetlands. He noted that this could be because of problems of enforcement. Some watersheds indicated areas where permits had been issued, but no mitigation required. <br />
<strong><br />
Lunchtime Plenary Q & A</strong><br />
Below is a small sample of audience questions.</p>

<p>Q: Do mitigation banking companies outsource (for purpose of avoiding implication of conflict of interest) actions like land acquisition, biology, real estate brokerage or do in-house?<br />
A: Our firm has an integrated approach, but it's up to the individual banking company. </p>

<p>Q/comment: In regards to basing banking success on having only the existence of only several examples of failed banks... another perspective is that regulators don't have appropriate funding to know if all banks are in compliance. </p>

<p>Q/comment: Support more transparency of banking data which may show not only more banks, but more banks with failures. </p>

<p>Q/comment: One banker noted the complexities of applying for NRDA restoration funds [from the BP Oil spill]. <br />
A:"Oh yeah, it's what I call a BHAG - a big hairy audacious goal" (George Howard)</p>

<p>Join us tomorrow for our continued coverage of the National Mitigation and Ecosystem Banking Conference.<br />
</p>]]>
        
    </content>
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<entry>
    <title>Coverage of the National Mitigation and Ecosystem Banking Conference - May 9</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/coverage-of-the-national-mitigation-and-ecosystem-banking-conference---may-9.php" />
    <id>tag:eko-eco.com,2012://1.181</id>

    <published>2012-05-09T16:56:55Z</published>
    <updated>2012-05-10T06:06:24Z</updated>

    <summary>Conference coverage courtesy of Becca Madsen of Madsen Environmental. Mitigation and Ecosystem Bankers from across the US are gathering in Sacramento, California for the country&apos;s biggest gathering of folks involved or interested in wetland mitigation banking, conservation banking, and issues...</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
        <category term="Biodiversity" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="General Payment for Ecosystem Services" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="Water" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><em>Conference coverage courtesy of Becca Madsen of <a href="http://www.madsenenvironmental.com">Madsen Environmental</a>.</em></p>

<p>Mitigation and Ecosystem Bankers from across the US are gathering in Sacramento, California for the country's biggest gathering of folks involved or interested in wetland mitigation banking, conservation banking, and issues at the very cutting edge in the non-carbon market world. We'll be providing day-by-day coverage of the <a href="http://www.mitigationbankingconference.com/">National Mitigation and Ecosystem Banking Conference</a> on our blog here.</p>

<p><strong>Wednesday May 9</strong></p>

<p><strong>Conservation & Fish Banking Session</strong><br />
This session focused one of the newest elements in conservation banking -- banking for aquatic species. So far in the US, the only activity has been in California and Oregon (that we know of). </p>

<p>Moderator Maura Eagan Moody, with NMFS/NOAA noted that a 2008 book on <a href="http://www.amazon.com/Conservation-Biodiversity-Banking-Environmental-Insights/dp/1844074714">Conservation & Biodiversity Banking</a> described fish banking as 'up & coming' area of mitigation banking... and there is still a great deal of interest. Ms. Moody noted that she knew of at least 5-10 banks in development that will include some type of fish credit.</p>

<p>Julie Mentzer, of Wildlands discussed the Liberty Island Conservation Bank for Salmon, Delta Smelt and Longfin Smelt. The story of the bank is tied up with the complexities of the area's levees and flooding, numerous agencies (9!) requiring permits for the project, along with the known and unknown needs of the species. The bank is located in the California inland delta, in the Yolo bypass area. It's surrounded by water - thus the 'Island' in the name of the bank. The land, as is the case of many mitigation banks, was previously farmed (through 1997). Wildlands created the bank because there was demand for credits from projects involving flood control, levee repair, and dredging. Although Ms. Mentzer noted that research on what the species needs is still ongoing, they decided to move forward with the bank based on best available science. The organization is continuing their work on fish banks with the new 700-acre North Delta Conservation Bank.</p>

<p>Next up, Michael McCollum of McCollum Associates, spoke about the East Austin Conservation Bank that was created for salmon. His project involved turning a sterile environment into a salmon-friendly stream. Logs were installed in the headwater stream that created pools and ripples, and the design allowed sediment to be washed out of the substrate, leaving the kind of gravel stream beds that salmon like. And then in came the salmon... in backpacks. Yep, fish backpacks. They exist. In this case, CA DFG reared genetically-consistent baby salmon in their fish hatcheries and then brought them into the new conservation bank. Monitoring later showed the juvenile fish were doing fine. The service area of the bank includes the Russian River watershed (primary service area) and a larger area outside the watershed that can be used for temporary impacts at NMFS discretion.</p>

<p>Howard Brown, Fisheries Biologist for NMFS/NOAA, noted that there is a general culture of distrust in the agencies in regards to conservation banking for migratory species. But Mr. Brown noted banking can be appropriate when the species is predictable in terms of where they are and where they are going - as was the case with salmon and steelhead. Mr. Brown went through the process of the agency's thinking about applying banking systems to migratory species. The agency first thought broadly about the full range of the species range, and then more and more narrowly about population segments and recovery domains. The life cycle of the species also needed to be incorporated: where the species are and when (eg - spawning in upper parts of watersheds, rearing lower down). </p>

<p>Banking can be appropriate if it addressed the threats/stressors and limiting factors of the species: loss of habitat (floodplain, riparian), fish passage constraints, loss of spawning habitat, and altered river flows. Finally, species recovery plans can be used as a model for a conservation bank. </p>

<p>Mr. Brown noted that there was a need for new approaches to credit systems because area-based approaches don't always address threats. There is also an opportunity to find a way to incorporate the site-specific monitoring of conservation banks into more regional species monitoring efforts. He noted the need for policy guidance for the agencies: "This is new business to us and we're struggling with it... we're faced with the challenge internally of communicating this new system." Finally, he noted that the three existing banks in California addressed the juvenile rearing and growth part of the species' life cycle, but there could be opportunities for banking for other parts of the life cycle (spawning, migration) further upstream.</p>

<p><strong><br />
Opening Plenary</strong></p>

<p>Colonel William J. Leady, District Engineer, US ACE, Sacramento District, started the plenary session by discussing the background of the US ACE. Col. Leady noted that the US ACE's regulatory mission given by Congress is a permitting program. He joked that it was not a permit denying program, but continued that the agency had to balance permitting that protects aquatic resources with development pressures. "That's a job that makes very few people happy," he noted. He concluded by noting "...in the end, we all have this common goal of preserving the nation's aquatic resources while allowing sustainable development, but it's not easy to achieve."</p>

<p>Next up was a speaker from the Caliifornia Department of Fish and Game (CA DFG) - Kevin Hunting, Chief Deputy Director. CA DFG is the agency that oversees (along with US FWS) conservation and mitigation banking in California. That agency, of note, recently put a <a href="http://www.bizjournals.com/sacramento/print-edition/2012/03/30/state-developer-conservation-banking.html">moratorium on permitting new mitigation banks</a> due to lack of funding. Mr. Hunting noted that his agency believed that "conservation banking is a high value conservation endeavor." He noted that the agency has been in the banking arena for nearly 20 years. He was most proud of the agency's effort to develop a standard banking instrument that could accomplish all regulatory rules. </p>

<p>Mr. Hunting highlighted two new tools to direct funds towards highest conservation benefit:<br />
-California essential habitat connectivity project - a project in collaboration with CALTRANS - which maps areas of highest value to achieve connectivity with existing conserved lands.<br />
- Areas of conservation emphasis - an internal GIS tool to identify biodiversity hotspots.</p>

<p>Mr. Hunting addressed CA DFG's budget cuts and reduced capacity and noted that the agency believed conservation banking was a high-value program and "...we're committed to having a robust program as soon as we can." </p>

<p>The final speaker was Michael Bean, Counsel to the Assistant Secretary for Fish and Wildlife and Parks, U.S. Department of the Interior (US DOI). Mr. Bean noted that the US Fish and Wildlife Service (US FWS) first published its first policy on conservation banking 9 years ago. He provided some statistics: 105 approved banks, in 10 different states, covering 60 endangered species. He noted "Much more could be, and frankly should be, done with conservation banking... I don't mean to suggest that banks are the most appropriate for every listed species, but they can be useful for many more species than for 60 species." Training of US FWS staff was identified as a need in moving conservation banking forward, and Mr. Bean noted new trainings that had been developed and given, which he believed would "help clarify the efficiency and effectiveness" of regulatory oversight. </p>

<p>Mr. Bean also encouraged the audience to provide public comments on an advanced notice of rule-making. Input is requested on UW FWS' various incentives for species conservation on private lands - including conservation banking and 'pre-compliance' banking that would provide 'credit' for investment taken prior to a species' listing. </p>

<p>Finally, Mr. Bean noted two initiatives addressing a landscape-approach to conservation:<br />
- Crucial Habitat Assessment Tools - efforts spearheaded by states to identify areas to target for conservation and avoid development, and<br />
- LEAP - Landscape Scale Energy Action Plan - a similar effort to map areas to avoid energy development </p>

<p><strong>Opening Plenary Q & A</strong><br />
The audience was feeling a bit shy, so here are two questions addressed to Michael Bean.</p>

<p>Q: Question regarding trust species and natural gas development. <br />
A: The LEAP program is under development. There is to be a pilot test in Wyoming - to create online maps and resources. The original focus was on energy development, but its principles are applicable to any development. </p>

<p>Q: Regarding banking for pre-compliance species - what would be the regulatory driver that would create demand for a banker?<br />
A: With the caveat that this is an advanced rule-making to allow public to tell us if this idea makes sense... the idea is that there might be some parties interested in investing in candidate species prior to listing if their investment today could be used later in the event that a species became listed. An organization would be motivated by the expectation that it could use credits if the species becomes listed.</p>

<p>--<br />
Join us tomorrow for our continued coverage of the National Mitigation and Ecosystem Banking Conference.</p>]]>
        
    </content>
</entry>

<entry>
    <title>DC Durban Debrief: Same Song, Second Verse-- or a Whole New Tune?</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/dc-durban-debrief-same-song-second-verse---or-a-whole-new-tune.php" />
    <id>tag:eko-eco.com,2012://1.180</id>

    <published>2012-01-19T18:05:29Z</published>
    <updated>2012-01-20T21:33:36Z</updated>

    <summary>Reflections on EM&apos;s Durban Debrief event</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p>By Celine Lim</p>

<p><span class="mt-enclosure mt-enclosure-audio" style="display: inline;"><a href="http://eko-eco.com/Durban Debrief1/Durban%20Debrief%201.mp3">Listen to Durban Debrief Part One</a></span></p>

<p><span class="mt-enclosure mt-enclosure-audio" style="display: inline;"><a href="http://eko-eco.com/Durban Debrief2/Durban%20Debrief%202.mp3">Listen to Durban Debrief Part Two</a></span></p>

<p><span class="mt-enclosure mt-enclosure-audio" style="display: inline;"><a href="http://eko-eco.com/Durban Debrief3/Durban%20Debrief%203.mp3">Listen Durban Debrief Part Three</a></span></p>

<p><span class="mt-enclosure mt-enclosure-audio" style="display: inline;"><a href="http://eko-eco.com/Durban Debrief4/Durban%20Debrief%204.mp3">Listen to Durban Debrief Part Four</a></span></p>

<p><span class="mt-enclosure mt-enclosure-audio" style="display: inline;"><a href="http://eko-eco.com/Durban Debrief5/Durban%20Debrief%205.mp3">Listen to Durban Debrief Part Five</a></span></p>

<p>It was standing room only at this week's DC Durban Debrief event, co-hosted by local carbon contemplators Ecosystem Marketplace, Climate Focus and McGuireWoods LLP. Over 75 DC market players turned up to get the first-hand scoop about the 17th Conference of Parties from those who staked out the COP in person.  </p>

<p>The panel of three distinguished experts (Henry Derwent, President and CEO of the IETA; Bob O'Sullivan, Executive Director of Climate Focus; and David Antonioli, CEO of VCS) was moderated by Ecosystem Marketplace's very own Director, Kate Hamilton. There was a great showing of the DC carbon community, including financial institutions, multilaterals, the State Department, project developers and NGOs. </p>

<p>The audience heard a <a href="http://www.climatefocus.com/documents/files/cp17cmp7_durban_debrief.pdf" target="_blank">report from Durban</a> punctuated with insights on COP 17's implications for the carbon marketplaces, and then had a chance to delve deeper into the practical challenges for the carbon community on the roadmap to 2020.  </p>

<p>Derwent received nods from around the room when he explained that although it was heartening that politicians took steps forward, it did not shift actual demand for credits or project developers' ability to attract new investment. </p>

<p>"The price of any of the units which are bought and sold in the markets really didn't blink," Derwent noted. </p>

<p>Another update from Durban that drew interest from the market-savvy crowd was the new ground broken on REDD+ finance - where Durban saw agreement around the possibility of using market-based approaches to support "results-based action", but there remains a lack of clarity around what these approaches might look like. </p>

<p>Will sub-national activities also be supported by markets, and will bilateral financing be recognized under the UNFCCC? And how might these relate to the possibility of linking units generated through market mechanisms under the UNFCCC to future commitments under the Kyoto Protocol? </p>

<p>Our panelists reflected that very little thinking has probably gone into answering these questions. Ahem. </p>

<p>REDD finance's uncertain trajectory is perhaps deepened by the stark, long road toward a post-2020 Kyoto agreement.  Before then, it's expected that many REDD countries will have already entered into the results-based payments phase - but without binding targets, there might not be demand for the credits generated. For many, the checkmate period between now and 2020 may appear to have left countries floundering at the mercy of a new Kyoto regime. </p>

<p>Yet, this abyss has spurred action amongst the emerging economies, Antonioli countered. He noted that countries that did not have strong positions pre-Durban--China, Brazil, South Africa, just to name a few--are beginning to have a growing presence in the carbon world. </p>

<p>These players are creating individual markets on local soil that, although fragmented and segregated at the moment, provide options for new projects in agriculture and forestry while international processes catch up. </p>

<p>Chile and Costa Rica are also starting to explore the voluntary market. The development of domestic markets is brand new, however, and some fear that domestic markets in emerging economies may not generate sufficient demand to support local or national programs. Still, Antonioli said, countries recognize the potential of the carbon marketplace, and are venturing into the possibilities as hopeful participants. </p>

<p>But can these segregated markets survive? Can domestic markets be integrated at the global scale and be allowed to flourish amongst the big boys of the global community? To avoid the dominance of a top-down arrangement that might drown out these markets, as the panel suggested, standardization is critical. </p>

<p>Having strong, common standards for projects across the board can offer the security that those from developing markets have the right structure for and compatibility with the larger carbon world. And for these markets to scale up, they have to be transparent and consistent in their program rules for topics like additionality. </p>

<p>Derwent brought all of these conversations home in his response to a question from the floor on what needs to happen in order for REDD to work: "Demand, demand, demand." Without global binding agreements, he explained, there will only be a slackened demand that will undoubtedly disappoint all market players - including the hopeful new kids on the block. </p>

<p>Panelists noted that even with Durban's positive news for the marketplace, sinking carbon prices did not flicker an inch - and that all eyes are now cast on 2020, with hopes that in the final hour negotiators will (hopefully) finally blink.  </p>]]>
        
    </content>
</entry>

<entry>
    <title>Quick Stop on Durban COP-December 10</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop-december-10.php" />
    <id>tag:eko-eco.com,2011://1.179</id>

    <published>2011-12-10T03:17:09Z</published>
    <updated>2011-12-10T09:08:01Z</updated>

    <summary>New REDD Text Gives Nod to Market-Based Activities; High-Level Talks to Resume Shortly</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
        <category term="Carbon" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><strong>10 December 2011 | DURBAN | 0907 GMT | </strong> Attention has now shifted to the high-level talks, which are being adequately covered by the mainstream media.  We will be in transit until Sunday, and hope to have a more reflected and comprehensive summary for you then.</p>

<p><strong>10 December 2011 | DURBAN | 0617 GMT | </strong> Market mechanisms have made it through to the high-level session, according to EDF's Gustavo A. Silva-Chávez, who has seen a copy of the text that LCA agreed to early Saturday morning.  Text says that the LCA "considers that, in the light of the experience gained from current and future demonstration activities, appropriate market-based approaches."</p>

<p>An official version is expected to be posted shortly.</p>

<p>The text now goes to the COP, which will begin deliberations at 9am local time (0700 GMT)</p>]]>
        
    </content>
</entry>

<entry>
    <title>Quick Stop on Durban COP-December 9</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop---december-9.php" />
    <id>tag:eko-eco.com,2011://1.178</id>

    <published>2011-12-09T18:59:50Z</published>
    <updated>2011-12-09T22:35:57Z</updated>

    <summary>Here is a timeline of the very busy last day of negotiations.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><strong>9 December 2011 | DURBAN | 2130 |</strong>  The Ecosystem Marketplace team is calling a night in Durban.  We will be in transit tomorrow but we hope to provide a wrap-up on Sunday.  </p>

<p><strong>9 December 2011 | DURBAN | 1940 GMT |</strong> The formal negotiations for these texts have wrapped for the night, but bilateral and ndabo talks continue.</p>

<p><strong>9 December 2011 | DURBAN | 1830 GMT |</strong>  <br />
<strong>REDD: </strong>LCA Negotiators are still locked in a closed-door session that also considers elements of KP (the "ndabo").  The text reportedly pushes all major decisions to COP 18 and contains vague commitments beyond 2012.  Our sources say it has the backing of developed countries, while developing countries are pushing for a more concrete proposal.</p>

<p><strong>9 December 2011 | DURBAN | 1730 GMT |</strong><br />
<strong>REDD: </strong>The text that's almost on the table going into the home stretch here in Durban has been narrowed from more than five REDD finance options down to one - and Ecosystem Marketplace is privy to an under the table look at the results of some last minute compromise.<br />
 <br />
Results-based approaches are at the top of the list, a big sticking point for US and some other countries' support of REDD+. </p>

<p>Regarding compromise language, unconfirmed countries put forth the text "...market based approaches could be developed by the COP," to which Australia and Japan added the word "...including" ("...market based approaches could be developed, [including] by the COP").</p>

<p>The word "including" is one a few words still bracketed - so is the question of the level of MRV accountability ("...ensuring environmental integrity, requirements for robust [national] measurement, reporting and verification are met...").</p>

<p>Observers speculate as to whether the addition of "including" opens up finance to market based approaches outside of the COP or just more firmly reiterates its restriction to the COP. Considering the source of the addition - Japan, which has already bilaterally supported REDD+ feasibility-stage projects outside of the COP - it's highly likely that the former is the case.</p>

<p>Despite NGOs' continued concerns about social and environmental safeguards in the near-term text, one observer says that "despite this, countries still feel it is appropriate to give a signal that carbon markets could be suitable funding for REDD in the future." </p>

<p>Indeed, the text makes reference to a wide range of funding options, including market to non-market (fund-) based, bilateral and multilateral and alternative sources. As a caveat, though, you can reasonably expect some minor changes to the above text before it's all said and done.</p>

<p><strong>9 December 2011 | DURBAN | 1700 GMT | </strong> <br />
<strong>LULUCF: </strong>The text that is prospectively going to ministers (still unseen outside of closed door sessions) leaves a few issues unresolved - issues that will likely be retained as bargaining chips for broader Kyoto Protocol debates.</p>

<p>Will Annex I countries set their reference levels according to projected scenarios or decide to revert back to rules for the first commitment period? The latter option would continue to allow countries to "opt in" to accounting for emissions from managed forests and crop and grazing land. </p>

<p>The former could enable them to establish scenarios that allow for large emissions increases in national inventories with potentially little consequence.</p>

<p>Another question is whether or not they will require Annex I countries to account for both wetlands drainage and rewetting. There's been discussion around allowing countries to only report wetlands draining but not include it in national inventories - meaning that they may have incentive to restore wetlands, but not to avoid draining them in the first place if they opt to not account for these emissions.</p>

<p>Wetlands and managed forest sectors account for around 1 billion tCO2e annually. </p>]]>
        
    </content>
</entry>

<entry>
    <title>Quick Stop on Durban COP-December 8</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop---december-8.php" />
    <id>tag:eko-eco.com,2011://1.177</id>

    <published>2011-12-08T08:09:11Z</published>
    <updated>2011-12-09T19:55:50Z</updated>

    <summary>With the midnight hour approaching, negotiators seem to adding to the current REDD text rather than refining it.   The document has now expanded to a heavily bracketed four pages.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p>With the midnight hour approaching, negotiators seem to adding to the current REDD text rather than refining it.   The document has now expanded to a heavily bracketed four pages.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Quick Stop on Durban COP-December 7</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop---december-7.php" />
    <id>tag:eko-eco.com,2011://1.176</id>

    <published>2011-12-07T19:13:38Z</published>
    <updated>2011-12-09T19:51:17Z</updated>

    <summary>Fearing that the LCA process will come to an end without chance to conclude REDD, the SBSTA REDD facilitator Tony La Viña implored delegates to come up with a work program that could keep the process going should LCA fail.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><strong>REDD:</strong>  Fearing that the LCA process will come to an end without chance to conclude REDD, the SBSTA REDD facilitator Tony La Viña implored delegates to come up with a work program that could keep the process going should LCA fail. That mean agreeing on four core elements: one defining potential sources of finance, one dealing with the content of the technical paper identifying effective sources of finance, one hosting an expert meeting and one mandating SBSTA to continue the process.</p>

<p>When talk turned to a topic list for the technical paper, several parties - scores by one count - began loading it with their own pet projects, at which point chaos ensued.</p>

<p>Though a heavily bracketed REDD text was expected in the morning, no text had yet been released at 1830 Durban time.<br />
</p>]]>
        
    </content>
</entry>

<entry>
    <title>Quick Stop on Durban COP-December 6</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop-december-6.php" />
    <id>tag:eko-eco.com,2011://1.175</id>

    <published>2011-12-06T16:21:32Z</published>
    <updated>2011-12-09T19:50:13Z</updated>

    <summary>LULUCF seems close to producing a text and on Monday afternoon, authors of a recent report took some time to explain reference levels and the recent SBSTA decision.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><strong>LULUCF:</strong> Expect a text tomorrow - when it's in, also expect to hear observer responses to the big issues: will the text opt for projected or historical baselines? Will accounting be consistent with other sectors under the Kyoto Protocol (several organizations say Option 3 - out of four available options - is the only one that passes this test). </p>

<p>All of this depends, of course, on the presence of a Kyoto successor - and parties comment that there's no obvious choice emerging among the existing proposals. Members of the French delegation and others report to Ecosystem Marketplace that right now it seems unlikely that a "gap" solution can be agreed upon in Durban that would prevent Kyoto from expiring without a replacement. </p>

<p>Members of the AWG-KP are currently reviewing provisional fixes in case there's no timely comprehensive solution.</p>

<p><strong>REDD:</strong> For REDD to work, the market needs clear guidance on how to establish reference levels, but the UN text is often incomprehensible to those outside the process -- and even to those of us who are tangential to it, not to mention negotiators themselves.  That's why the <a blank target="_blank" href="http://www.merid.org/">Meridian Institute</a> published <a target="_blank" href="http://www.forestcarbonportal.com/resource/guidelines-redd-reference-levels-principles-and-recommendations">"2011 Guidelines for REDD+ Reference Levels: Principles and Recommendations"</a> in November.  On Monday, they held a side event to shed light on the debate over reference levels and on the decisions we highlighted in yesterday's blog.</p>

<p>Commissioned by the Norwegian government, the report is part of a collection of reports that is meant to "support and inform UNFCCC negotiators and other stakeholders in the process of building an international REDD+ mechanism," according to Hans Brattskar, the Ambassador of Norway's Climate and Forest Initiative. </p>

<p>It certainly seemed to, from the author's comments as well as Tony La Viña's assessment.  "I think the report and its previous earlier versions contributed to unpack all of this for the negotiators such that by the time we were actually in Durban, many of the negotiators had actually mastered or knew how to talk about this," says Levina, the facilitator of the SBSTA REDD+ Contact group, referring to the technical issues of reference levels.</p>

<p>The report was developed by expert authors that the Meridian Institute convened; these authors then went through a consultation process with other experts.  As the project leader Dan Zarin said in the side event, these reports were meant to aid SBSTA in responding to the request embedded in Annex 2 of the Cancun agreements to develop modalities for REDD+ reference levels and reference emission levels at COP17.</p>

<p>However, as Zarin quickly pointed out, there is no official definition of reference level or reference emission level in an adopted UNFCCC text.  For the report, reference emission level refers to levels of deforestation and degradation whereas the term reference level refers to these as well as sustainable management of forests, conservation and enhancement of carbon stocks.</p>

<p>There were many similarities between the decision and the report;s ideas on reference levels.  For example, Doug Boucher said that both documents use the same basic definition for REDD+ Reference Levels: they are business as usual baselines, developed using historic data and adjusted for national circumstances, against which emissions are compared.</p>

<p>To develop these reference levels, the report recommended that SBSTA take a cue from IPCC and use their basic reporting principles.  SBSTA listened, and included 4 out of 5: transparency, completeness, consistency and accuracy.  Though they left out comparability, it was not for lack of discussion says Boucher.</p>

<p>La Viña seconded that, saying that a longer discussion was needed around that issue in the next SBSTA meeting.</p>

<p>One area that remains open for interpretation is the decision's recommendation on the scope of REDD+ Reference Levels.  The report recommended that SBSTA use IPCC's basic categories of land use transitions: Conversion of forests to other lands; Emissions from and removals by forests remaining as forests and other lands that are converted to forests.  However, Boucher says the negotiations did not clarify whether these would be used as the different categories for reference levels.</p>

<p>Boucher thinks that SBSTA should agree to use these IPCC categories because they are simple and straight-forward.  In addition, the IPCC has extensive guidance on how to estimate emissions and removals for these categories, he says.</p>

<p>Beyond recommendations, the report also included guidelines for how governments should develop reference levels.  Both the SBSTA decision and the report emphasized that definitions were a key step for developing reference levels.  These would include, according to Sandra Brown, what percentage of canopy cover is considered a forest, the scope of activities and the pools included, the time frame for historic levels, and whether it will initially be within a national or subnational scope.  </p>

<p>Within the SBSTA decision, it is clear that countries need to have clear definitions of pools including explanations for pools they were excluding.  However, the time frame for historic levels was not mentioned.</p>

<p>Definitions are especially important because many countries transitioning to a national REDD+ system will have to integrate various sub-national strategies.  This means, as Valerie Merckx pointed out, these sub-national strategies must follow the same steps as reference levels at the national level.</p>

<p>Regardless of what type of reference level they are creating, Brown thinks that countries should determine the type of data needed and then look to see if any existing data can be used - rather than simply trying to harmonize that existing data to create a reference level.  Though countries might be skeptical of this approach, Brown thinks it will help for the future.  "Eventually you are going to have to collect this kind of data as you move forward under a monitoring plan, therefore why not learn by doing it on the historical period?," says Brown.  "This is an opportunity to actually develop the capacity while you are learning how to do it."</p>

<p>Another key part of reference level discussion is the need for adjusting according to national circumstances.  "We concluded that case-by-case adjustments should be supported by robust and verifiable empirical data," says Brown.  "Basically if you look at the SBSTA decision, that is basically what it is more or less suggesting.  It is done on a country by country basis where they have to make the case for what their adjustments would be--they have to be credible, they have to be justifiable and they have to be transparent." </p>

<p>The adoption of a reference level and any adjustments will be approved through an outside technical assessment.  The report and the SBSTA decision are in agreement that the procedure for reference levels adoption is that countries will submit preliminary reference levels and issues will be discussed after a preliminary review, according to Merckx.  </p>

<p>There is still plenty in the report that SBSTA will need to talk about at their next meeting.  </p>

<p>For example, Merckx says that there will be a need to focus on the criteria of the technical assessment.</p>

<p>Though he sees the hook for later discussion, Boucher also sees the need for SBSTA to continue to work on how the technical assessment is going to work: who will do it? What information will they consider? How will it be reported? To whom? And what happens next?<br />
</p>]]>
        
    </content>
</entry>

<entry>
    <title>Quick Stop on Durban COP-December 5</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop---december-5.php" />
    <id>tag:eko-eco.com,2011://1.174</id>

    <published>2011-12-05T16:03:46Z</published>
    <updated>2011-12-09T19:53:26Z</updated>

    <summary>Highlights from Sunday&apos;s Forest Day, as well as a detailed update on the SBSTA text and the discussions around LULUCF.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><strong>REDD:</strong> <br />
Over the weekend, we saw the creation of two key documents: the <a target="_blank" href="http://unfccc.int/resource/docs/2011/sbsta/eng/l25.pdf">SBSTA decision on reference levels</a> and the formulation of that decision as an <a target="_blank" href="http://unfccc.int/resource/docs/2011/sbsta/eng/l25a01.pdf">agenda item for this week's high-level talks</a>. Several delegates said the text provided enough guidance on reference levels for developing countries to begin moving forward, even though it fell short of the most optimistic expectations.</p>

<p>A wave of optimism rolled through Forest Day on Sunday in Durban, as <a target="_blank" href="http://www.ecosystemmarketplace.com/pages/dynamic/article.page.php?page_id=8098">Tony La Viña</a>, facilitator of the SBSTA REDD+ Contact group, offered an optimistic assessment of the SBSTA decision - one that several agreed.</p>

<p>"This is the best REDD+ decision to come out of this process since the Bali Action Plan, albeit in a world of much lower expectations," says <a target="_blank" href="http://tropicalforestgroup.org/meet_tfg/meet_board/johno_niles.html">John-O Niles</a>, Director of the Tropical Forest Group. </p>

<p>Others, however, say the text offers more of the same. </p>

<p>"The new text fails to do what it is supposed to do," says Joerg Seifert-Granzin, an economist who advises the Katoomba Incubator.  "It was supposed to provide guidance on how to establish emission levels, but it only repeats things that have already been agreed on."</p>

<p>He points out that a previous text, issued on December 1, offered precise guidance on a range of technical issues, including a clear definition of which national circumstances would be considered for establishing emission levels, and which would not.  The current draft merely states that different approaches can be used. </p>

<p>The decision also calls for consultations and expert meetings, but Seifert-Granzin points out that expert meetings were held last month, and they resulted in draft conclusions which were supposed to feed into this month's talks.  Instead, they were simply alluded to but not considered.</p>

<p>Niles concedes the shortcomings, but says it's the best we could hope for under the circumstances.</p>

<p>"Basically, as a result of this, SBSTA, through a COP decision, will establish a process with fairly specific information about what the UNFCCC is looking for," he says. "They have established a review process but need guidance, and that will be done at SBSTA 37. We couldn't get any more here."</p>

<p>He says that the level of specificity is good enough that developing countries can begin moving forward.  </p>

<p>"We have been asking developing countries to submit information on baselines and reference levels for years," he says. "Do you know how many reference levels have been submitted? Zero, because countries, up until now, didn't know what to submit to the UNFCCC . And up until this draft decision, they didn't know if the UNFCCC would do anything with the submitted reference levels."</p>

<p>"Now they have substantial and specific guidance on what information to submit. Data sets, methods, models, and assumptions should form reference level submissions and this information should be transparent, complete, and consistent because it will go through an independent technical assessment. And importantly, they know that their reference levels at that point are only proposed - they are not yet codified. This will encourage countries to submit reference levels that can pass a transparent review process."</p>

<p>We came in this morning expecting to top off a fairly optimistic curtain-raiser, but several other delegates are throwing a wrench into that assessment.</p>

<p><strong>LULUCF:</strong> <br />
Turning to the Kyoto Protocol track, LULUCF draft revisions are still ongoing. Of course, at this end of the ICC corridors, the biggest elephant in the room is the extension of the Kyoto Protocol.</p>

<p>Most conversations around LULUCF are taking place as if an extension can be achieved or - as one party points out - are assuming that most decisions made here will hold even if there is no extension or a gap in binding agreements. </p>

<p>"We've received legal opinions that everything about Kyoto except the legally binding targets can remain in force after 2012." But most observers we've spoken with expect that there will be an extension or stop-gap solution of some kind - albeit Europe-sized. Three options for a successor of some kind are emerging in the AWG-KP, though IISD says there's currently no consensus around any one option.</p>

<p>So what to watch coming out of LULUCF talks today (Monday)? </p>

<p>The spin off group looking at LULUCF under the Kyoto Protocol for developed countries meets this afternoon. As of Friday, no progress had been made regarding the Annex I "logging loopholes" that include allowing developed countries to "opt in" to accounting for forest management emissions and removals.</p>

<p>Currently, around half of EU countries have chosen to report managed forest emissions under Kyoto Protocol Article 3.4 - in most cases, coming from those countries that stand to benefit from reporting. </p>

<p>Convincing Annex I countries to account for all of their forestry activities region-wide and on a mandatory basis isn't an easy task. It's clear to observers that they will only capitulate if allowed to utilize projected reference levels as opposed to historical levels (ca. 1990).</p>

<p>In a nutshell, this means that rather than determine business as usual (BAU) according to historical or even current levels, some parties want to include future projected emissions in their calculation of BAU. </p>

<p>Because they also anticipate increasing their forest harvesting rates for the supply of bioenergy and other uses,  setting BAU according to future levels accommodates an increasing rate of emissions. And if increasing emissions levels become BAU, this allows for increased emissions without consequence.</p>

<p>"The point of this conversation was to bring all those managed forest emissions onto the books," mused one observer. "However, the rules that developed countries have been developing would make forest management accounting mandatory while not bringing those emissions onto the books."</p>

<p><strong>Right now,</strong> a few countries (mostly developing countries) are working to produce alternative text that does not include projected reference levels. Unfortunately, observers report that the issue has become a trading card in the larger discussion about the fate of the CDM and Protocol - i.e. let us have projected baselines or we'll just bow out of a second commitment period.</p>

<p>Observers expect that the "logging loophole" text will likely remain intact until it's passed onto ministers later this week.</p>

<p><strong>Grab Bag: Highlights from Tony La Viña's Forest Day Update:</strong><br />
"I would have preferred a much more detailed guidance from the outset, but when I started looking at the content, the possible content and making it more detailed, I realized that we are flying blind into this.  That there is very little experience of safeguards in the world that is directly related to REDD.  And it is actually better if you have that experience first, before we detail the guidance.   So I actually welcome this pace for a year, maybe even more, so that there is real experience on the ground so we know what kind of information really is needed to enforce the safeguards."  </p>

<p>"I welcome this decision of SBSTA which actually says 'We will review what we have on the basis of consistency, comprehensiveness, effectiveness and transparency in the way the information around safeguards is provided.  The work is cut out for is the next year to do that, but it is all in the spirit of advancing implementation." </p>

<p>"The real breakthrough, I think, as well in the SBSTA decision is the decision on reference levels.  For a while there yesterday afternoon, we actually thought that there would be no agreement, simply because it is so technical, there is so much to be dealt with.  We had a very big political issue around adjustment according to national circumstances which some of us are concerned about and can have impacts on environmental integrity.  But we were able to sort it out and I feel quite happy with the results.  At least it gives guidance in fact in how they will now construct reference levels.  The more important thing for environmental integrity is that countries agree that they will be assessed, that their offer of what their forest reference levels or forest emission levels will be will undergo an assessment process..."</p>]]>
        
    </content>
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<entry>
    <title>Quick Stop on Durban COP-December 3</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop-december-3.php" />
    <id>tag:eko-eco.com,2011://1.173</id>

    <published>2011-12-05T15:58:47Z</published>
    <updated>2011-12-05T16:03:01Z</updated>

    <summary>Closed SBSTA talks went late into the night as negotiators reworked the SBSTA language related to safeguards and reference levels after Brazil moved to push such talk back to the next SBSTA meeting.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p>Closed SBSTA talks went late into the night as negotiators reworked the SBSTA language related to safeguards and reference levels after Brazil moved to push such talk back to the next SBSTA meeting.  The most recent text, which came out Thursday morning, calls for the establishment of reference levels that can be adjusted in the future, but Brazil said it couldn't sign off on anything relating to reference levels until interlinked issues are dealt with - such as agreement on how to anticipate drivers of deforestation.</p>

<p>Several parties expressed outrage at Brazil's stance, and accused them of deliberately trying to sabotage talks.</p>

<p>"They had plenty of time to raise these issues," said one party.  "Why bring it up now?"</p>

<p>Nils Hermann Ranum, of the Rainforest Foundation Norway, even speculated that Brazil was trying to sabotage REDD globally to benefit their own REDD market, which is fairly advanced.</p>]]>
        
    </content>
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<entry>
    <title>Quick Stop on Durban COP-December 2</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop-december-2.php" />
    <id>tag:eko-eco.com,2011://1.172</id>

    <published>2011-12-02T20:19:59Z</published>
    <updated>2011-12-09T19:54:53Z</updated>

    <summary>Over the weekend, we saw the creation of two key documents: the SBSTA decision on reference levels and the formulation of that decision as an agenda item for this week&apos;s high-level talks. Several delegates said the text provided enough guidance on reference levels for developing countries to begin moving forward, even though it fell short of the most optimistic expectations.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p><strong>5 December 2011 | DURBAN |</strong>Over the weekend, we saw the creation of two key documents: the <a href="http://unfccc.int/resource/docs/2011/sbsta/eng/l25.pdf" target="_blank">SBSTA decision on reference levels</a> and the formulation of that decision as an <a href="http://unfccc.int/resource/docs/2011/sbsta/eng/l25a01.pdf" target="_blank">agenda item for this week&rsquo;s high-level talks</a>. Several delegates said the text provided enough guidance on reference levels for developing countries to begin moving forward, even though it fell short of the most optimistic expectations.</p>

<p><strong>This post will be updated throughout the day until we feel it&rsquo;s complete enough to be upgraded from the status of blog post to article, at which point we will post it as a stand-alone article on Ecosystem Marketplace</strong>.&nbsp; We will be in meetings throughout the morning, but hope to update this in the afternoon.&nbsp; Feel free to check back, or &ndash; better yet &ndash; if you&rsquo;re here at the COP and have additional insight, feel free to contact Steve Zwick at szwick@ecosystemmarketplace.com.&nbsp; We are all ears.</p>

<p>A wave of optimism rolled through Forest Day on Sunday in Durban, as <a target="_blank" href="http://www.ecosystemmarketplace.com/pages/dynamic/article.page.php?page_id=8098">Tony La Vi&ntilde;a</a>, facilitator of the SBSTA REDD+ Contact group, offered an optimistic assessment of the SBSTA decision &ndash; one that several agreed.</p>

<p>&ldquo;This is the best decision to come out of this process since the Bali Action Plan, and in a world of much lower expectations,&rdquo; says <a target="_blank" href="http://tropicalforestgroup.org/meet_tfg/meet_board/johno_niles.html">John-O Niles</a>, co-founder of the Tropical Forest Group.</p>

<p>Others, however, say the text offers more of the same.</p>

<p>&ldquo;The new text fails to do what it is supposed to do,&rdquo; says Joerg Seifert-Granzin, an economist who advises the Katoomba Incubator.&nbsp; &ldquo;It was supposed to provide guidance on how to establish emission levels, but it only repeats things that have already been agreed on.&rdquo;</p>

<p>He points out that a previous text, issued on December 1, offered precise guidance on a range of technical issues, including a clear definition of which national circumstances would be considered for establishing emission levels, and which would not.&nbsp; The current draft merely states that different approaches can be used.</p>

<p>The decision also calls for consultations and expert meetings, but Seifert-Granzin points out that expert meetings were held last month, and they resulted in draft conclusions which were supposed to feed into this month&rsquo;s talks.&nbsp; Instead, they were simply alluded to but not considered.</p>

<p>Niles concedes the shortcomings, but says it&rsquo;s the best we could hope for under the circumstances.</p>

<p>&ldquo;Basically, as a result of this, SBSTA, through a COP decision, will establish a process with very specific information about what they&rsquo;re looking for,&rdquo; he says. &ldquo;They have established a review process but need guidance, and that will be done at SBSTA 37. We couldn&rsquo;t get any more here.&rdquo;</p>

<p>He says that the level of specificity is good enough that developing countries can begin moving forward.&nbsp;</p>

<p>&ldquo;We have been asking developing countries to submit information on baselines and reference levels for years,&rdquo; he says. &ldquo;Do you know how many have been submitted? Zero, because no one knows what to do.</p>

<p>They have the framework and the principles and so many details for what they have5to do.&nbsp; They know it will go through an independent review, and that reference levels at that point are proposed &ndash; they are not theirs.</p>

<p>We came in this morning expecting to top off a fairly optimistic curtain-raiser, but several other delegates are throwing a wrench into that assessment.</p>

<p><strong>Highlights from Tony La Vi&ntilde;a&rsquo;s Forest Day Update</strong><br />
&ldquo;I would have preferred a much more detailed guidance from the outset, but when I started looking at the content, the possible content and making it more detailed, I realized that we are flying blind into this.&nbsp; That there is very little experience of safeguards in the world that is directly related to REDD.&nbsp; And it is actually better if you have that experience first, before we detail the guidance.&nbsp;&nbsp; So I actually welcome this pace for a year, maybe even more, so that there is real experience on the ground so we know what kind of information really is needed to enforce the safeguards.&rdquo;&nbsp;</p>

<p>&ldquo;I welcome this decision of SBSTA which actually says &lsquo;We will review what we have on the basis of consistency, comprehensiveness, effectiveness and transparency in the way the information around safeguards is provided.&nbsp; The work is cut out for is the next year to do that, but it is all in the spirit of advancing implementation.&rdquo;</p>

<p>&ldquo;The real breakthrough, I think, as well in the SBSTA decision is the decision on reference levels.&nbsp; For a while there yesterday afternoon, we actually thought that there would be no agreement, simply because it is so technical, there is so much to be dealt with.&nbsp; We had a very big political issue around adjustment according to national circumstances which some of us are concerned about and can have impacts on environmental integrity.&nbsp; But we were able to sort it out and I feel quite happy with the results.&nbsp; At least it gives guidance in fact in how they will now construct reference levels.&nbsp;</p>

<p><br />
<strong>4 December 2011 | DURBAN | 1900 GMT |</strong> Odd as it may seem, negotiators appear to have made stunning progress on both REDD and LULUCF.  We're still checking a few things, and will post a full article early Monday morning.</p>

<p><strong>3 December 2011 | DURBAN | 0900 GMT |</strong> Closed SBSTA talks went late into the night as negotiators reworked SBSTA language related to safeguards and reference levels after Brazil moved to push such talk back to the next SBSTA meeting.  The most recent text, which came out Thursday morning, calls for the establishment of reference levels that can be adjusted in the future, but Brazil said it couldn't sign off on anything relating to reference levels until interlinked issues are dealt with - such as agreement on how to anticipate drivers of deforestation.</p>

<p>Several parties expressed outrage at Brazil's stance, and accused them of deliberately trying to sabotage talks.</p>

<p>"They had plenty of time to raise these issues," said one party.  "Why do bring it up now?"</p>

<p>Nils Hermann Ranum, of the Rainforest Foundation Norway, even speculated that Brazil was trying to sabotage REDD globally to benefit their own REDD market, which is fairly advanced.</p>

<p><br />
<strong>2 December 2011 |</strong> We had a dramatic day in Durban, with the SBSTA scientific sub-committee releasing a draft text on REDD+ that looked ready for Saturday's plenary despite vocal criticism from developing countries, especially on safeguards and reference levels, but was then quickly called back.  It's now past 10pm, and the text is being redrafted almost paragraph by paragraph.  We look for a complete redrafting of the sections on emission levels, and plenty of brackets on safeguards.</p>

<p>We'll offer a detailed analysis tomorrow.</p>

<p>Meanwhile, we had another interesting discussion with members of the Bolivian delegation on their new "Living Forests" offset proposal.  It aims to harness money from the Green Climate Fund to support indigenous activities in support of the forests.  The payments won't be market-based, but they would, by nature, have to be performance-based.</p>

<p>"It's not meant to replace REDD, but rather is something that can exist beside it," said one member of the delegation.</p>

<p>We've scheduled a meeting with the delegation tomorrow to get details, but given the late-night negotiations, it's possible that won't happen. Tomorrow should be a full day, with the new SBSTA draft and the LCA plenary.  Stay tuned. </p>]]>
        
    </content>
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<entry>
    <title>Quick Stop on Durban Cop-December 1</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop-december-1.php" />
    <id>tag:eko-eco.com,2011://1.171</id>

    <published>2011-12-02T14:41:34Z</published>
    <updated>2011-12-02T14:50:31Z</updated>

    <summary>Negotiators in the AWG-LCA agreed on Thursday to keep their REDD+ debate focused on those issues where agreement can be reached and blended with the text that SBSTA is developing on safeguards and reference levels - a decision that many in the halls described as kicking the tough stuff down the road.  </summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p>Negotiators in the <strong>AWG-LCA</strong> agreed on Thursday to keep their REDD+ debate focused on those issues where agreement can be reached and blended with the text that SBSTA is developing on safeguards and reference levels - a decision that many in the halls described as kicking the tough stuff down the road.  </p>

<p>You'll find a detailed summary on the <a target="_blank" href="http://www.iisd.ca/download/pdf/enb12527e.pdf">IISD</a> web site, and a brief bullet-point list issues on the <a target="_blank" href="http://www.ecosystemsclimate.org/NewsEvents/Pressreleases/tabid/1617/language/en-US/Default.aspx">Ecosystem Climate Alliance</a> web site. </p>

<p>Within <strong>SBSTA</strong>, the critical issue of how countries submit reference levels will be kicked down to an expert review.</p>

<p>"It's not dead; it's not gone away," says John-O Niles, who runs the Tropical Forest Group.  "It's just not here now, but you can't get everything across the line at once."  </p>

<p>He gave high marks to SBSTA co-chair Peter Graham for whittling an ungainly mass of conflicting opinions down to something that has a chance of maybe one day becoming something that has meaning.</p>

<p>"He did a really good job of taking this extraordinarily complex thing -- 100s of submissions with some of them running pages," Niles says.  "He did a nice job of probably getting something that the delegates can pass for SBSTA which is what we work on, what a lot of people will work on this little level."</p>

<p>He adds that progress on reference levels, information systems, and safeguards was promising - but other groups felt the safeguards were being pushed to the side.  We'll try and flesh this issue out as talks progress.</p>

<p><strong>Bolivia</strong>, meanwhile, offered to deliver an alternative to REDD - something we hope to flesh out later today.</p>

<p>We also ran into <a target="_blank" href="http://www.ecosystemmarketplace.com/pages/dynamic/article.page.php?page_id=7497&section=home">Odigha Odigha</a> in the halls, and he told us about a new "REDD University" that he's working on together with John Mason and NCRC.  They've apparently gotten some funding from UNDP, UNEP, and FAO, and technical support from Brazlian NGO Idesam.  Stay tuned for details on that as well.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Quick Stop on Durban COP-November 30</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop---november-30.php" />
    <id>tag:eko-eco.com,2011://1.170</id>

    <published>2011-11-30T21:51:49Z</published>
    <updated>2011-12-09T19:47:45Z</updated>

    <summary>An update on the negotiations from Day 3 in Durban.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
    </author>
    
    
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        <![CDATA[<p><strong>REDD</strong> </p>

<p>The SBSTA contact group on methodological guidance met from 10:45am to 4:30pm to discuss guidance on reference levels, safeguards, and MRV, but details are slow to emerge.  The afternoon session was open to observers, but conflicted with another meeting we were covering.  Check back tomorrow for details on this one. </p>

<p><strong>LULUCF</strong> </p>

<p>The session was closed, but delegates say talks focused on a few key issues - key among them being which types of inadvertent releases of carbon should be counted against national totals and which should not.  At issue is whether to recognize emissions from a <em>force majeure</em> or just from any "disturbance", as is the case now. It's a critical issue, because the wording could determine whether only pure acts of nature are recognized, or whether acts of nature that were made possible by man will also be recognized.  We had a great chat with Fred Heutte of the Sierra Club and Susanne Tol of Wetlands International on this, and will post a more detailed summary on the EM Durban page tomorrow. </p>

<p>Meanwhile, there's still no agreement on how to define a forest (critics say the current definition is too broad) and little discussion on how to deal with peatlands - which account for just  .3 percent of the world's surface but are responsible for approximately 6 percent of global greenhouse gas emissions, <a target="_blank" href="http://www.wetlands.org/Whatwedo/Wetlandsandclimatechange/Peatlandsandclimatechangemitigation/tabid/837/Default.aspx">according to Wetlands International</a>.</p>]]>
        
    </content>
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<entry>
    <title>Quick Stop on Durban COP-November 29</title>
    <link rel="alternate" type="text/html" href="http://eko-eco.com/archive/quick-stop-on-durban-cop-november-29.php" />
    <id>tag:eko-eco.com,2011://1.169</id>

    <published>2011-11-29T22:10:32Z</published>
    <updated>2011-11-30T18:10:28Z</updated>

    <summary>The 17th session of the Conference of Parties (COP 17) to the UNFCCC began on Monday in Durban, South Africa.  Before the negotiations and side events get into full swing, here is a look at where discussions currently stand for some of the conference&apos;s key issues.</summary>
    <author>
        <name>EKO ECO Guest Blogger</name>
        
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        <category term="Carbon" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://eko-eco.com/">
        <![CDATA[<p>The 17th session of the Conference of Parties (COP 17) to the UNFCCC began on Monday in Durban, South Africa.  Before the negotiations and side events get into full swing, here is a look at where discussions currently stand for some of the conference's key issues.  An in-depth look at the road to Durban can be found <a target="_blank" href="http://www.ecosystemmarketplace.com/pages/dynamic/article.page.php?page_id=8724&section=news_articles&eod=1">here</a>.</p>

<p>The Ecosystem Marketplace team will be on-the-ground throughout the conference, bringing you daily blog updates on these discussions, as well as feature stories on the largest developments.</p>

<p><strong>LULUCF:</strong>  At the <a target="_blank" href="http://www.ecosystemmarketplace.com/pages/dynamic/article.page.php?page_id=7896&section=news_articles&eod=1">close of COP 16</a> in Cancun, the discussions around Land use, Land use-change and forestry (LULUCF)--a negotiating track focused on Annex 1 country (developed countries that joined the Kyoto protocol) future commitments under the Kyoto protocol--seemed to be regressing.  Developing and developed countries could still not agree on the "logging loophole," which lets developed countries pick and chose which activities they will and will not include in accounting, such as forest management, cropland and grazing land management. </p>

<p>However, the negotiators did agree on one thing: each Annex 1 country would submit a forest management reference level to the secretariat.  These levels could serve as baselines for LULUCF in the future and possibly inform a cap on developed countries use of forest management to meet emission reductions--a topic most likely to be debated this year.</p>

<p>Though these negotiations have previously focused on extending the Kyoto Protocol--set to expire next year--the focus at this year's COP will likely be what LULUCF will look like without Kyoto.  The discussions are expected to include debates over the voluntary approach to LULUCF-related activities accounting and how much LULUCF activities will contribute to develop countries emissions targets going forward.</p>

<p><strong>REDD:</strong>  The Cancun agreements demonstrated that some progress was achieved through the COP negotiations when it came to REDD.  Though there were no definite commitments, the need for REDD was made clear.  For one, the agreements stated the need for national REDD system to prevent leakage with sub-national systems acceptable in the interim as countries get up to speed.  Secondly, the agreements said that developed countries would be responsible for funding REDD, although the exact financing mechanism - market-based or otherwise - has yet to be established and will be another point for discussion in Durban. The agreements also renewed a commitment to social and environmental safeguards.</p>

<p>The issue of reference levels, and the related policy and technical issues of monitoring, reporting and verification (MRV), will be a central sticking point in negotiations, with the debate centering using on historic levels of deforestation versus expected emissions based on project reference levels.  However, regardless of what happens at the negotiations, REDD+ and REDD readiness activities will continue to develop through the guidance of UN-REDD Programme, the Forest Carbon Partnership Facility and the REDD+ Partnership.</p>

<p><strong>Grab Bag</strong>:  Beyond REDD and the extension of Kyoto protocol, expect COP 17 to contain discussion on the Green Climate Fund and Nationally Appropriate Mitigation Activities (NAMAs).  Established in the COP 16 negotiations, the Green Climate Fund will manage the parties' $100 billion commitment by 2020 to fund climate change mitigation and adaptation activities in developing countries.  The COP discussions will focus on the structure and governance of fund as well as the source of the $100 billion.</p>

<p>NAMAs are a voluntary way to continue to make headway on remission reductions through a variety of approaches to emission reductions at sectoral levels. While this definition has been agreed on, negotiators in Durban will discuss what NAMAs will look like in practice. Ecofys got an early start on this discussion, offering a <a target="_blank" href="http://www.nama-database.org/">database</a> that documents the existing variety of interpretations of NAMAs from around the world.<br />
</p>]]>
        
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