Researchers have uncovered a serious error in the accounting rules used to calculate the impact of biofuels on greenhouse gas emissions. While “readily fixable,” the error — if left uncorrected — could encourage even more deforestation than is already taking place around the globe. The error affects not only the Kyoto Protocol,

The Forest Footprint Disclosure Project (FFD), launched this week, seeks to help investors better understand the business link to deforestation (PDF). “Deforestation is a global emergency, the importance of which the business world needs to wake up to,” said Andrew Mitchell, chair of the FFD steering committee. “Billion-dollar funding mechanisms