This opinion article, published by the Overseas Development Institute (ODI), argues that the real challenges to effective preparation for reducing emissions from deforestation and forest degradation (REDD) are creating robust governance and funding structures, not just capacity building.

The authors outline the practicalities of developing REDD mechanisms. They note that REDD could potentially mitigate the risk of climate change, conserve biodiversity and support development in forest areas. They express concern, however, that some approaches to implementing REDD projects have had limited success and note that reducing degradation can be particularly challenging.

The report concludes with suggestions for ensuring that REDD frameworks move from preparation to successful deployment. These include careful consideration of development implications for measures taken to promote reduced forest dependence and improve links between public and private finance to encourage complementary use of funds.

This article, published by Mongabay.com, discusses the use of forest conservation to reduce greenhouse gas emissions from deforestation in the Amazon. The author describes the 'reducing emissions from deforestation and degradation' (REDD) mechanism included in the Bali roadmap for international agreement on climate change. He gives a brief history of REDD, explains how it could work and discusses complicating factors including land rights, measurement of deforestation rates, displacement effects of conservation and funding.

The author also discusses how promoting ecosystem services could provide a route to conserving rainforests, citing the example of Canopy Capital — a UK private equity firm that recently bought the rights to environmental services generated by a rainforest reserve in Guyana. He also examines other market incentives that could be used, including satellite surveillance to enforce conservation and certification for farmers following conservation rules.