REDD+ is a climate change mitigation solution that many initiatives, including the UN-REDD Programme, are currently developing and supporting. Other multilateral REDD+ initiatives include the Forest Carbon Partnership Facility (FCPF) and Forest Investment Program (FIP), hosted by The World Bank.
REDD+ is seen as one of the most cost-effective ways of stabilizing the atmospheric concentration of greenhouse gas (GHG) emissions to avoid a temperature rise of two degrees Celsius. But standing forests also conserve carbon while supporting the livelihoods of a large number of Indigenous Peoples and forest-dependent communities as well providing essential ecosystem services such as habitat for biodiversity and provisioning clean water supplies.
Further, it’s about making the private sector part of the solution by providing the kinds of market signals, mechanisms and incentives to encourage investments that manage and conserve the world’s nature-based resources rather than mining them. So it is about making money and conserving the planet too and if REDD can be structured right, the money will be made not just by carbon traders, but also by developing countries and communities for providing the forest-based carbon storage service.
Indeed it is predicted that financial flows from North to South for GHG reductions from REDD could reach up to US$30 billion a year—funds that can be invested in renewable energy projects to assist the two billion people without access to electricity or hospitals or new schools.
Excerpt from http://www.reddcommunity.org/
Link "About UN-REDD"
"The UN-REDD Programme is the United Nations collaborative initiative on Reducing Emissions from Deforestation and forest Degradation (REDD) in developing countries."
"The UN-REDD Programme supports nationally-led REDD+ processes and promotes the informed and meaningful involvement of all stakeholders, including Indigenous Peoples and other forest-dependent communities, in national and international REDD+ implementation."
"The UN-REDD Programme currently supports 60 partner countries across Africa, Asia-Pacific and Latin America and the Caribbean."
UNEP site link (excerpts below)
"As the forests disappear, the natural sink they provide for absorbing of carbon dioxide is lost with them. This leaves more carbon in the atmosphere and exacerbates global warming. At the United Nations Framework Convention on Climate Change (UNFCCC)13th Conference of Parties (COP-13) in December 2007, Parties agreed to step-up efforts towards reducing emissions from deforestation and forest degradation (REDD) in developing countries."
"The loss of forests releases carbon dioxide to the atmosphere. The forestry sector, mainly through deforestation, accounts for about 17% of global greenhouse emissions, making it the second largest greenhouse source after the energy sector."
"The UN Environment Programme (UNEP),
the UN Development Programme (UNDP) and
the Food and Agriculture Organization of the United Nations (FAO)
teamed up in the UN-REDD Programme, a unique collaborative initiative."
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