Costa Rica pioneered the use of the payments for environmental services (PES) approach in developing countries by establishing a formal, country-wide program of payments, the PSA program. The PSA program has worked hard to develop mechanisms to charge the users of environmental services for the services they receive.

The Earth's climate is changing because the composition of our atmosphere is being altered, primarily as a consequence of human activity. We are now also experiencing a non-cyclical rise in the global temperature caused by the accumulation of the so-called "greenhouse gases"--carbon dioxide, methane, nitrous oxide and others.

Few payment for environmental services (PES) schemes in developing countries operate outside of the central state's umbrella, and are at the same time old enough to allow for a meaningful evaluation. Ecuador has two such decentralised, consolidated experiences: the five-year old Pimampiro municipal watershed-protection scheme and the twelve-year old PROFAFOR carbon-sequestration programme.

Ecosystems of the Iwokrama rainforest reserve in Guyana have been sold off. A uk -based private equity firm, Canopy Capital, has purchased the rights to environmental services generated by the

Australia has launched its first carbon capture and storage (ccs) project. Touted as the deepest geological storage of CO2, the project will capture and compress about 100,000 tonnes of CO2 and

A few U.S. energy companies have drawn up plans for synfuels plants that would produce millions of barrels of the alternative fuel annually. The technology is gaining support from a a group of climate scientists who believe that, barrel for barrel, synfuels can emit less carbon dioxide (CO2) than oil and, at some point, even reduce the amount of carbon in the atmosphere.

paddy cultivation in India has often been associated with increasing greenhouse gas emissions. Indian scientists have now shown it is the other way round. A study says paddy sequesters organic

EXXON Mobil has raised fresh concerns over Federal Government plans to establish a world-first regulated carbon capture and storage system in Australia. The oil giant operates the Bass Strait oil and gas fields, which have been targeted as eventual homes for the storage of greenhouse gases from the planned $5 billion Monash Energy coal-to-liquids project in the Latrobe Valley, a joint venture between Shell and Anglo American.

Shell Chief Seeks Carbon Capture Subsidies BELGIUM: April 8, 2008 BRUSSELS - The European Union must create rapid incentives to promote underground storage of carbon dioxide (CO2) to achieve its ambitious climate change goals, the head of oil major Royal Dutch Shell said on Monday. "Because CO2 capture and storage adds costs and yields no revenues, government action is needed to support and stimulate investment quickly on a scale large enough to affect global emissions," Shell CEO Jeroen van der Veer said in a speech prepared for delivery in Brussels.

Can Australia lead the world in carbon capture technology? The influential climate scientist James Hansen hopes so. In an open letter published last week, he asked Australian prime minister Kevin Rudd not to build any new coal-fired power plants until the technology to capture and store carbon dioxide is ready.