Without the money to buy forest-based emissions reductions, the mechanism known as REDD+ will be largely undermined, restricting incentives to keep trees standing, it said. "There is currently no source of demand that will pay for medium to long-term emission reductions from REDD+ in the period between 2015 and 2020," says the report produced by the Global Canopy Programme, the Amazon Environmental Research Institute, Fauna & Flora International, and the United Nations Environment Program. The report estimates, assuming acceptance of the 50 percent target, that supply of forest-based emissions reductions could be up to 39 times greater than demand in the 2015-2020 period. The report says the intervention would use donor country government capital to purchase REDD emissions reductions.
Source: REUTERS
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