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...Australian investment bank Macquarie Group, FFI has six other REDD schemes: three in Indonesia and others in Cambodia, Ecuador and Liberia. Last month, governors Irwandi and Schwarzenegger joined 30 other subnational leaders - including a dozen other U.S. governors and the leaders of forest-rich Brazilian states Amazonas and Mato Grosso - at a climate summit in Los Angeles, where they called upon governments to include REDD within the global framework for combating climate change. Sun of Carbon Conservation hopes one day to see "a global infrastructure of forest factories, producing oxygen and absorbing carbon dioxide." (See a graphic of the effects...

Author: /time Magazine | Title: Protecting Jungles: One Way to Combat Global Warming | 11/30/2009 | See Source »

...incentives are more tangible than cash. Conservationists are considering cash payments to farmers in the Brazilian state of Mato Grosso to stop them destroying the forest for agriculture. But with 120,000 households around Ulu Masen, even a multimillion-dollar sale of carbon credits might amount to only $100 to $200 a year per family, estimates Linkie. The money might be better pooled to build schools, bridges or other projects that would benefit the entire community. However it is distributed, a very clear message must be sent to the local communities, says Linkie: "You're getting this [money] because...

Author: /time Magazine | Title: Protecting Jungles: One Way to Combat Global Warming | 11/30/2009 | See Source »

...Amazon, landholders are permitted to deforest only 20% of their property--but there's not much law enforcement. I left Kotok to see Blairo Maggi, who is not only the soybean king of the world, with nearly half a million acres (200,000 hectares) in the province of Mato Grosso, but also the region's governor. "It's like your Wild West right now," Maggi says. "There's no money for enforcement, so people do what they want...

Author: /time Magazine | Title: The Clean Energy Scam | 3/27/2008 | See Source »

...boom is making him richer, but it's also making it harder to feed children and save trees. "There are many mouths to feed, and nobody's invented a chip to create protein without growing crops," says his pal Homero Pereira, a congressman who is also the head of Mato Grosso's farm bureau. "If you don't want us to tear down the forest, you better pay us to leave...

Author: /time Magazine | Title: The Clean Energy Scam | 3/27/2008 | See Source »

...worst in Brazilian aeronautical history, comes at a particularly—and perhaps tellingly—inopportune time for Brazilian aviation. Last year, another major Brazilian airline faced tragedy, and revealed problems. After a Gol Airlines Boeing 737 collided with a private plane and plunged fatally into the Mato Grosso rainforest last September, investigators discovered that air traffic controllers were overworked and the system was in distress. Over the past month, epidemic delays, cancellations, and closings drew widespread media scrutiny and public attention...

Author: By Matthew S. Blumenthal | Title: Tragedy at Congonhas, As I Saw It | 7/20/2007 | See Source »

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