A new financing mechanism known as REDD+ (reducing emissions from deforestation and forest degradation, and conservation, sustainable management of forests and enhancement of forest carbon stocks) is being established to achieve large-scale reductions inGHGemissions from tropical forestry and land use. Can REDD+ successfully integrate an emphasis on sustainable development benefits (as with Official Development Assistance, ODA) with a focus on delivering emission reductions (as with the Clean Development Mechanism, CDM)? It is argued that there is a real risk that REDD+ will stay too close to ODA and fail to move beyond its ‘readiness’ phase. Moreover, as with the CDM, there could be an over-emphasis on results in terms of emission reductions, which would only make it attractive for a small set of activities in relatively few countries. In order to balance sustainable development with cost-effective emission reductions, REDD+ needs to involve the private sector in project implementation and financing, its rules for reference levels and crediting arrangements need to be flexible, and forest countries need to proactively direct activities.
- Clean Development Mechanism (CDM)
- Official Development Assistance (ODA)
- sustainable development