Beyond carbon financing
This policy paper, published by the World Resources Institute (WRI), suggests a range of sustainable development policies within frameworks for reducing emissions from deforestation and forest degradation (REDD).
The authors argue that there can be significant barriers to countries providing guaranteed quantified measures of emissions reductions for use in carbon trading schemes. They propose that a broader range of sustainable development policies and measures, such as building institutional capacity to reduce fires or combat illegal logging, should be included within REDD measures.
The authors recommend that developed countries encourage developing nations to reduce forest degradation, including measures that do not produce tradable carbon credits, and support a range of approaches to measure, report and verify nationally appropriate mitigation actions.
Further work is urgently needed, they say, to develop and refine these approaches, including specifying acceptable metrics, determining how to make different countries' activities comparable, and exploring alternative sources of sustainable funding.