A new emphasis on nature-based climate change solutions is practically the only significant sustainability component of the G20 leaders declaration, according to summit observers.
Buying international carbon credits might end up more expensive than purchasing units created through domestic forestry projects, New Zealand's climate change minister Paula Bennett told business leaders today.
Indonesia, Papua New Guinea and Australia are among about 50 nations that yesterday joined an international partnership designed to speed efforts to prevent tropical forest destruction and accelerate the expenditure of about A$4.6 billion pledged for tropical forest protection.