The report asserts that any post-Kyoto agreement made in Durban or beyond must clarify the role of private engagement and investment in funding REDD+, as well as effective measures to tackle the deforestation drivers.
13 September 2011: The UN Environment Programme (UNEP) has released a new report titled “REDDy-Set-Grow Part II: Recommendations for international climate change negotiators.”
The report asserts that any post-Kyoto agreement made in Durban or beyond must clarify the role of private sector engagement and investment in funding REDD+, as well as effective measures to tackle the deforestation drivers.
According to the report, an ineffective climate change regime relating to forests could lead to losses in the global economy of US$1 trillion per year by 2100. In contrast, the report says, a forestry-based carbon market could potentially mobilize investment for the protection and rehabilitation of natural forests in the order of US$10 billion by 2020.
The report makes several specific policy recommendations, including a policy scenario referred to as the “nested approach.” Under such an approach the future REDD+ funding mechanism is proposed to be: inclusive; decentralised and reliable; and leakage-proof. [UNEP Press release] [Publication: REDDy-Set-Grow Part II: Recommendations for International Climate Change Negotiators]