Under a REDD mechanism, forests are valued primarily as stores of carbon. REDD aims to save the forests by trading the carbon stored in the forests, making the trees worth more standing than cleared. For REDD to save the forests, we have to create a market for forest carbon.
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Guest Post: REDD and the green economy
REDD and the green economy: “REDD is a mechanism not to cut GHGs, but to deliver new permits to pollute.”
Rio +20: The Earth Summit Débâcle continued
This month sees the 20th anniversary of the UN Conference on Environment and Development. Rio +20 is expected to be the largest event in the history of the United Nations.
Forest tenure rights and REDD: Most laws in Asia and Africa, “meaningless or unenforced”
Land rights are crucial to REDD. This week, the Rights and Resources Initiative released a study that found an increase in community land rights in tropical forests, but at the same time most land laws in Asia and Africa remain “either meaningless or unenforced”.
The World Bank’s spin on carbon markets
“The total value of the carbon market grew by 11 percent in 2011, to $176 billion”, the World Bank announced this week. The occasion was the launch of the Bank’s “State and Trends of the Carbon Market 2012”. But as Oscar Reyes notes, the carbon market growth is “more spin than substance”.