2022-01-07 14:55:44
REDD+
Reducing Emissions from Deforestation and Forest Degradation (REDD+) is a mechanism developed by Parties of the UNFCCC.
It creates financial value for the carbon stored in forests to offer incentives for the developing nations to reduce emissions from forested lands and invest in low-carbon paths.
The developing nations will receive results-based payments for results-based actions.
The REDD+ goes beyond simply deforestation and forest degradation by including the role of conservation, sustainable management of forests and enhancement of forest carbon stocks.
It is estimated that the financial flows for the GHG emission reduction from REDD+ could reach up to $30 billion per year.
This improved North-South flow of funds can ensure a significant reduction of carbon emissions and the promotion of inclusive development. It could also improve biodiversity conservation and secure vital ecosystem services.
Forests are a vital carbon sink and thus, it is vital to increase its resilience to climate change
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