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.