This “Background Report on Long-term Climate Finance” was prepared by Climate Policy Initiative and CICERO for the German G7 Presidency 2015.

At first, the numbers and company names flashing on a big board in Beijing’s financial district suggest a booming market.

European companies have used almost all of their quotas of cheap U.N.

Firms in Europe's Emissions Trading System (ETS) have swapped a total of 255 million U.N.-backed carbon offsets for European Union emissions allowances (EUAs) from April 2013-2014, data published b

Despite a large increase in the area of selectively logged tropical forest worldwide, the carbon stored in deadwood across a tropical forest degradation gradient at the landscape scale remains poorly documented. Many carbon stock studies have either focused exclusively on live standing biomass or have been carried out in primary forests that are unaffected by logging, despite the fact that coarse woody debris (deadwood with ≥10 cm diameter) can contain significant portions of a forest's carbon stock.

Using the case of Costa Rica, this paper examines how 'carbon' became an identifiable problem for that state. We trace how, during the 1980s, rationalities of financialisation and security arose in this country that allowed for Payments for Ecosystem Services (PES) to emerge as an economic and political mechanism. Our central thesis is: this period initiated a government project of securing a viable future for the nation's resources by linking them to global financial markets and international trade.

The lack of a unified regulatory system for China's fledgling carbon offset market has led to wild variations in prices in different regions, causing uncertainty among both buyers and project devel

This Technical Note provides a summary of the key elements and design features of 11 different carbon offset programs. It discusses the essential differences and similarities between programs, and discusses how these programs address key issues, such as: efficiency, environmental integrity, applicability, and transaction costs.

In many places where forest carbon projects are implemented, traditional forest use has been blamed for forest loss while the drivers of large-scale deforestation remain unaddressed – and deforestation and the emissions associated with it continue.

With the effects of climate change already being felt from New York City to New Delhi, the fight to keep global forest carbon stocks intact, to improve forest management, and to reforest degraded land is more vital than ever. Too often, trees are worth more cut down than standing.