Skip to content
Menu
REDD-Monitor
  • Start here
  • About REDD-Monitor
  • REDD: An introduction
  • Contact
REDD-Monitor

Beyond carbon financing: Briefing sheet from World Resources Institute

Posted on 28 November 200819 February 2013
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Email this to someone
email

Beyond carbon financing: Briefing sheet from World Resources Institute

“For many the term ‘REDD’ has become synonymous with a carbon financing approach where reducing emissions from forests by developign country actors is supported by developed country actors buying carbon credits, potentially to meet their own emissions reduction obligations.”

This quotation comes from a World Resources Institute (WRI) briefing sheet titled, “Beyond Carbon Financing: The Role of Sustainable Development Policies and Measures in REDD”. The briefing sheet notes that under the Bali Action Plan, agreed in Bali in December 2007, REDD “is defined more broadly to include a range of actions by both developing and developed countries to address the drivers of deforestation”.

WRI notes that carbon financing is “not a panacea”:

For carbon financing to work, developing countries need to demonstrate that they can quantify market-quality emission reductions at the sub-national or national level. This includes setting credible baselines (known as reference scenarios), showing that deforestation has not simply shifted from one place to another (known as leakage), and that the emission reductions will be permanent.

These requirements will likely present significant barriers for many developing countries wishing to take actions under NAMAs to reduce forest loss and degradation. These barriers include:

    1. In countries with historically low rates of deforestation, it is difficult to reliably predict future rates and the related emissions for the reference scenario. Attempts to project rates of deforestation may decrease the credibility of the carbon financing mechanism.
     
    2. In countries where deforestation and forest degradation is caused by highly unpredictable drivers (such as fires, droughts, insects, and external demand for products) setting reliable reference scenarios may be difficult.
     
    3. In countries where the institutions that govern forests are especially weak, the ability to implement policies that result in credible and permanent emission reductions will be limited.

 
In addition, where a major driver of deforestation or forest degradation is to meet global demand for timber, food or fuel, effective action to address this driver requires actions by consumer countries to reduce their demand and promote procurement of sustainably produced products.

WRI is not opposed to all carbon trading. The briefing suggests that “revenues generated from selling allowances in developed country national cap and trade programs” could be used to provide financial, technical and capacity building support in the South. This could support actions aimed at “seeking to clarify land tenure, building fire fighting capacities or tracking the legality of wood products for REDD,” for example, says WRI.

WRI suggests actions aimed at reducing deforestation for countries in both the North and the South. “Developed and developing countries should adopt policies to address consumption of products that drive deforestation as NAMAs (nationally appropriate mitigation actions), and should start by addressing the illegal timber trade.”

WRI’s two-pager can be downloaded here. WRI is working on a longer policy paper on REDD, which will be available in 2009.

Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Email this to someone
email

Related

Leave a Reply Cancel reply

SUBSCRIBE!

Enter your email address to receive notification of new posts.

Recent themes
Natural Climate Solutions
WWF's conservation scandals
Aviation and offsetting
Conservation Watch

REDDisms

“Corsia – that’s an absolute joke. It’s just hot air.”

— Peter Liese, environmental coordinator for the European People’s Party, June 2019

Recent Posts

  • Graeme Biggar, Director-General of the UK’s National Economic Crime Centre: “There is not a sufficient deterrent for fraudsters and there is insufficient recourse for victims”
  • Coronavirus notes #7: How the Colombian government is rolling back social and environment safeguards during the pandemic
  • Peru cancels its World Bank FCPF Carbon Fund programme
  • The World Bank Forest Carbon Partnership Facility’s latest hot air scam: Retroactive credits
  • Some questions for Frithjof Finkbeiner, founder of Plant-for-the-Planet

Recent Comments

  • Arthur Charles Claxton on Graeme Biggar, Director-General of the UK’s National Economic Crime Centre: “There is not a sufficient deterrent for fraudsters and there is insufficient recourse for victims”
  • Chris Lang on Blackmore Bond collapse: Financial Conduct Authority is “responsible for every penny lost”
  • Sam on Blackmore Bond collapse: Financial Conduct Authority is “responsible for every penny lost”
  • barrywarden on Coronavirus notes #7: How the Colombian government is rolling back social and environment safeguards during the pandemic
  • Chris Lang on Why has the Financial Conduct Authority not taken down the website of the clone scam “Good Investment Advisors”?

Issues and Organisations

AB 32 Boiler rooms Bonn California Can REDD save ... ? Carbon accounting Carbon Credits Carbon Offsets CDM Conservation-Watch Conservation International COP21 Paris Deforestation FCPF FERN Financing REDD Forest definition Fossil fuels FPP Friends of the Earth FSC Greenpeace Guest post ICAO Illegal logging Indigenous Peoples Natural Climate Solutions NGO statements Plantations Poznan R-M interview REDD and rights REDD in the news Risk RSPO-Watch Safeguards Sengwer Sustainable Forest Management The Nature Conservancy Ulu Masen UN-REDD UNFCCC World Bank WRM WWF

Countries

Australia Bolivia Brazil Cambodia Cameroon Canada China Colombia Congo Basin region DR Congo Ecuador El Salvador European Union France Germany Guatemala Guyana Honduras India Indonesia Kenya Laos Luxembourg Madagascar Malaysia Mexico Nicaragua Nigeria Norway Panama Papua New Guinea Paraguay Peru Philippines Republic of Congo Sweden Tanzania Thailand Uganda UK Uncategorized United Arab Emirates USA Vietnam West Papua
©2021 REDD-Monitor | Powered by WordPress and Superb Themes!