Entries for July 2007
The development is being proposed by Lake Natron Resources Ltd., a company jointly owned by Tata Chemicals Ltd. and the Tanzania National Development Corporation, a state-owned entity established to coordinate commercial development in Tanzania. The proposal has the support of the President.
More and more governments and corporates recognise the importance of safeguarding the world’s remaining peatswamp forests. Their huge carbon stocks, equivalent to around 100 years of fossil fuel emissions are a precious global asset.
No less than 12 countries of the global intergovernmental Convention on Biodiversity (CBD SBSTTA) have yesterday made their recommendations to the Executive Secretary with regard to safeguarding the world’s remaining peatswamp forests. They urged the Executive Secretary to recognize the importance of peatlands, specifically tropical peatlands, in the global carbon cycle and the potential of peatland conservation and sustainable use as a cost-effective tool for the mitigation of and adaptation to climate change.
At this moment, the global governmental Convention on Biodiversity (CBD - SBSTTA) holds their meeting in Paris. The protection and restoration of peatlands in order to conserve their carbon stocks is an important item on the agenda. Peatlands all over the world store enormous amounts of carbon. Their degradation is causing CO2 emissions equivalent to 8% of all global fossil fuel emissions. These huge emissions are not addressed under the Kyoto Protocol at all. There is now a major opportunity for the CBD to take leadership over this issue.
Such a high level of support on a particular topic is highly unusual and reflects the support for the urgent need to protect this type of habitat.