Thursday, 27 June 2024.
According to UNFCCC, ‘REDD’ stands for ‘Reducing emissions from deforestation and forest degradation in developing countries. The ‘+’ stands for additional forest-related activities that protect the climate, namely sustainable management of forests and the conservation and enhancement of forest carbon stocks.
Another interesting reference are the frequently asked questions and answers REDD+ by the UN-REDD Programme, from where we add:
“Once this carbon is assessed and quantified, the final phase of REDD involves developed countries paying developing countries carbon offsets for their standing forests”, and
“The implementation of REDD+ must co-exist with significant emission reductions in both developed and developing countries”.
The REDD+ Knowledge Day is a collaborative endeavor aimed at fostering an exchange of knowledge and experiences related to REDD+ implementation.
Organized by The UN-REDD Programme and The World Bank, in collaboration with its Forest Carbon Partnership Facility (FCPF) and BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) and under the guidance of the Norwegian Government, click at the image below for the program of today’s Workshop “REDD+ Knowledge Day: Evidence to Action Now”.
“Transfer of Carbon Credit Ownership” is the title of one of the panels, It’s a great topic in times when the legal nature of carbon credits is also being legally discussed, after a demand by the World Bank.
About these organizations, here some information and further references:
UN-REDD Programme. Provides technical assistance and knowledge, helping its 65 partner countries to protect their forests, access finance and achieve their economic and climate goals through REDD+
The World Bank. “State and Trends of Carbon Pricing 2024" released by The World Bank.”
Forest Carbon Partnership Facility. Related to a carbon crediting standard of the World Bank’s Forest Carbon Partnership Facility (FCPF), for the quantification, monitoring, reporting, and verification of greenhouse gas emission reductions from REDD+ activities at the jurisdictional scale
BioCarbon Fund. The BioCarbon Fund is a public-private sector initiative managed by the World Bank and supports projects that generate multiple revenue streams, combining financial returns from the sale of emission reductions (i.e., carbon credits) with increased local incomes and other indirect benefits from sustainable land management practices. Generating multiple revenue streams is crucial to rural communities that otherwise have limited sources of income.
Norwegian Government. “Norway: much more then environmental actions and the sovereign wealth fund that profited US$213 billion in 2023.”
Last but not least, here is another interesting source of information: UNFCCC REDD+ Web Platform.
