Carbon Markets And The Millennium Development Goals

EDM number 1385 in 2006-07, proposed by David Drew on 30/04/2007.

That this House recognises the pivotal role of tropical forests in sequestering and storing carbon; notes that forest destruction and degradation accounts for nearly a fifth of global greenhouse gas emissions and that the poorest 1.2 billion of the world's population depend directly on forests for their livelihood, and that about 50 per cent. of all known species live in tropical forests; regrets that illegal and unsustainable logging, and the continuing conversion of tropical forests to agriculture, threaten these biodiverse habitats and their role in maintaining climate stability; further regrets that the Kyoto Protocol and European Emissions Trading Scheme do not recognise carbon credits for avoided deforestation, afforestation or reforestation in developing countries; urges the Government to heed Sir Nicholas Stern's call for this mistake to be rectified in negotiations for new regulations to reduce greenhouse gas emissions; and further urges the Government to create a regulatory framework that stimulates voluntary carbon markets and attracts immediate investment in managing forests for the benefit of local communities, biodiversity conservation and the planet.

This motion has been signed by a total of 76 MPs, 2 of these signatures have been withdrawn.