[Terrapreta] Fwd: Fwd: Global Carbon Cycle

[lou gold]

Dear Sean,

Thanks for adding more technical depth here.

Here is a news report of a carbon credit proposal coming out of Amazonas
State in Brazil.

Brazilian State Targets Global Warming
By STAN LEHMAN
Associated Press Writer
Published June 5, 2007, 4:44 PM CDT

 SAO PAULO, Brazil -- The governor of Brazil's largest Amazon jungle state
signed into law Tuesday legislation aimed at curbing global warming in an
area bigger than France and Spain combined.

The new law in Amazonas state -- the first of its kind in Brazil -- calls
for the creation of programs to educate students on climate change,
establishes monthly stipends for families that reduce deforestation, offers
tax incentives for companies to preserve the environment and promotes the
use of clean energy sources.

  The measures will be financed by a 1102Climate Change Fund, which will be
funded by the state as well as national and international financial
institutions.


"The law represents our commitment to conservation and sustainable
development," Gov. Eduardo Braga said in a statement posted on the state
government's Web site.

The vast Amazonas state covers an area of about 610,000 square miles, more
than 90 percent of which is rain forest.

Brazil is home to the bulk of the world's largest remaining tropical
wilderness.

Most of Brazil's greenhouse gas emissions come from deforestation and
burning in the rain forest, releasing about 5 percent of the world's total
emissions, scientists say.

"This new law is a very important because it is the first time in Brazil
something is being done to tackle global warming and climate change," Paulo
Adario, Greenpeace Amazon Campaign Coordinator in Brazil, said by telephone.
"It shows the way to achieve sustainable development without destroying the
rainforest."

The new law was signed one day after President Luiz Inacio Lula da Silva
said rich nations should pay poorer countries to preserve their forests
because the rich are responsible for most of the world's greenhouse gas
emissions.

Silva said he would propose during this week's Group of Eight summit in
Germany that a fund be created to reward developing countries that reduce
the rate at which they cut down their forests.
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