Conservation campaigners were misled into believing that the Worldwide Fund for Nature (WWF) supported the inclusion of ‘avoided deforestation’ credits within the the European Emissions Trading Scheme (ETS) ahead of Tuesday’s vote in the influential Environment Committee of the European Parliament.
ODI’s experts have been thinking about REDD. Leo Peskett seems very happy about it all. Peskett is not worried about financing REDD through the “global carbon markets”. He notes that some estimates state that up to US$13 billion could be available to fund REDD projects through carbon trading.