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Financing REDD: How Government Funds Can Work With the Carbon Market

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Type: Working Paper
Author: Viana, Virgíllio
Date: 2009
Agency: International Institute for Environment and Development (IIED), London
Series: IIED Briefing
URI: https://hdl.handle.net/10535/6273
Sector: Forestry
Region: South America
Subject(s): REDD
forest management
poverty alleviation
Abstract: "Deforestation accounts for roughly 17 per cent of global greenhouse gas emissions. So it is no surprise that in the runup to the December 2009 climate talks in Copenhagen, REDD – reduced emissions from deforestation and degradation – is emerging as a strategy with big potential for mitigating climate impacts. With REDD, local communities can be rewarded for conserving their forests, so the approach works for poverty alleviation as well as emissions reduction. Evidence is showing that REDD is simple and workable. Funding is an altogether more complex issue, however. Looking at the roles of market and government, is a combined approach to financing REDD feasible?"

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