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Taking Root in the Voluntary Carbon Markets
Over the past year, the term ‘REDD’ (reduced emissions from deforestation and degradation) has risen from obscure acronym to hot-button issue for policymakers, conservation groups, investors and academics across the globe, with good reason. According the Intergovernmental Panel on Climate Change (IPCC), land-use change accounts for approximately 20% of global greenhouse gas emissions—more emissions than the transportation sector world-wide. Most of these emissions are the result of deforestation driven by demand for agriculture and timber. In response to rapid deforestation, stakeholders are aggressively sculpting policy and market tools to incentivize REDD or ‘avoided deforestation’ projects. While the role of REDD in both the international and emerging US regulated systems is being hammered out, the voluntary carbon markets are serving not only as a testing ground for the development of REDD carbon credits, but also building up expertise and generating immediate action. This publication is designed to introduce practitioners to the carbon markets, in particular the voluntary markets, and the current climate for reforestation, afforestation and REDD projects generating carbon credits. It is a collection of articles and one book chapter commissioned by the Ecosystem Marketplace.
|Release Date:||August 2009|
|File Size:||840 KB|
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