For the second year running, Indonesia has the dubious honour of entering the Guinness Book of Records as the country with the highest rate of deforestation. According to the 2009 Guinness World Records, Indonesia’s deforestation rate was 1.8 million hectares per year between 2000 and 2005. This amounts to a loss of 2 percent of…
The latest issue of “Forest Cover“, the newsletter of the Global Forest Coalition includes several articles about REDD. Miguel Lovera, GFC chairperson suggests chanting “stop the fraud now” might be the best strategy to follow in the run-up to the Climate COP in Copenhagen in 2009:
In September 2008, the UN and Norway launched a UN-REDD programme. The press release is below. It’s interesting to look at what they are saying about Indonesia: “Indonesia has the potential to be compensated $1 billion a year if its deforestation rate was reduced to one million hectares annually.”
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.