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News : FINANCING REDD+: ROLE OF CARBON MARKETS

18 November 2010

Charlotte Streck contributed a feature article to UNEP's latest issue of Carbon Market Perspectives. This article, entitled "Financing REDD+ and the Role of Carbon markets" discusses measures to guarantee the proper function of the carbon market in support of REDD+. In the article, Dr Streck argues that linking  REDD+ to carbon markets is one way to mobilise additional finance for policies and programs that reduce deforestation. However, the carbon markets carry inherent environmental and social risks, which should be taken into account in the design and supervision of market-based REDD+ financing mechanism. Solutions to manage REDD+ markets involve effective management of the demand and supply of REDD+ credits. Environmental and social benefits need to be guaranteed through safeguards, participatory approaches and transparency that support legitimate and sustainable REDD+ policies.

The full issue of Carbon Market Perspectives on ‘Pathways for implementing REDD+: Experience from carbon markets and communities’ discusses the role of carbon markets in scaling up investments for REDD+ in developing countries. Nine articles authored by experienced negotiators on REDD+, carbon market actors, project developers and other leading experts share experiences and make suggestions
on the key elements of a future international REDD+ regime: Architecture and underlying principles,  measuring, reporting and verification (MRV), private-sector involvement, the rights of indigenous people and local communities, biodiversity conservation and environmental integrity. The articles are grouped
under three main topics: the lessons existing REDD+ projects; the future REDD+ regime and the role of carbon markets; and experiences and ideas about the involvement of indigenous people and local communities.

Read Charlotte's complete article on Finance and REDD+ in Section 2 of the Full Publication starting on page 59.