According to the new strategy, the EU Member States will have certain commitments with regards to biodiversity preservation and since peatland damage also results in biodiversity loss, it might prevent the UK and Ireland from achieving their targets.
Dublin, ROI (PRWEB) November 30, 2011
A new article by carbon-credits.ie, a carbon investment website for the Irish market, operated by green investments media Dezz, is exploring the possibility to promote sustainable peatland management through carbon credit generation. The article comes as a response to a recent report by the International Union for the Conservation of Nature (IUCN) about the negative effects that losing peatland areas has on the environment, as reported by The Guardian.
In order to provide a broader perspective, the carbon-credits.ie article discusses the features of bogs and peatlands and how their unassuming appearance might have led to their neglect by environmentalists, in comparison to forests, for instance. The article points out some of the various environmental services that peatlands provide, and comments on the ways that people have continuously been damaging bogs and peatlands. In addition, carbon-credits.ie quotes the figures for peatland damage in the United Kingdom and Ireland, which indicate a rather alarming rate of peatland destruction in both countries.
In order to emphasise the importance of peatland preservation, carbon-credits.ie explains the mechanism through which bogs and peatlands release greenhouse gas emissions into the atmosphere, if not properly managed. The website also comments on the consequences that this might have on emission reduction targets, as well as in relation to the “EU biodiversity strategy to 2020”. According to the new strategy, the EU Member States will have certain commitments with regards to biodiversity preservation and since peatland damage also results in biodiversity loss, it might prevent the UK and Ireland from achieving their respective targets.
Having outlined the consequences resulting from peatland damage, the carbon-credits.ie website explores the possibilities for the generation of carbon offsets through projects for sustainable peatland management. Such projects could be a way for governments to achieve their emission reduction targets and a source of income for companies and individuals with added environmental value. The website refers to a study conducted by the Bangor University on the matter, as well as to the view presented in the IUCN report. According to the report, peatlands could receive funding through private financing initiatives in relation to the carbon credit market.
Carbon-credits.ie also comments on the opportunities that the Verified Carbon Standard (VCS) provides in relation to peatland re-irrigation and conservation projects. However, the carbon-credits.ie article suggests, that in order to more effectively promote peatland preservation as a source of income, sustainable peatland management will have to be included in the next phase of the Kyoto Protocol or in the provisions of a similar future commitment with regards to climate change mitigation.
Furthermore, invezz.com discusses how the financial incentive associated with carbon trade will stimulate companies and individuals to concentrate on the preservation and restoration of bogs and peatlands.
Since the neglecting of peatlands will inevitably have negative environmental consequences, their preservation should be a part of the UK and Ireland’s environmental agenda. One of the best ways to achieve this goal would be to promote sustainable peatland management to companies and individuals by giving them the opportunity to generate income through the mechanisms of the carbon credit market.
To read the full article, visit http://invezz.com/analysis/alternative-investments/what-are-carbon-credits-and-why-they-are-not-a-retail-investment-product
Dezz is a UK-based boutique digital media company providing original and reliable up-to-date information in the area of carbon credit trading and sustainable investments to large investment company decision makers, NGOs and to eco-minded individuals.Dezz Limited, 843 Finchley Road, London, NW11 8NA. Registered in England and Wales as a Limited Company. Company Number: 07376661