Category Archive: REDD+

Mixed messages from REDD+

Negotiators in Durban

Durban finished with the now commonplace but contradictory sense of achievement and disappointment. Achievement that something has been agreed, disappointment that because expectations are so low, any agreement seems like an achievement. REDD+, however, has finished COP17 with a less pessimistic sentiment […]

REDD+: technicalities agreed, finance deferred

Recalling last week’s benchmarks for the success of REDD+ negotiations at COP17, we can take each in turn and assess state of the negotiations on each topic. As expected, much of the discussion has been focussed on the MRV text (and addendum) from the SBSTA, which has now been presented to the COP for adoption this week. […]

REDD+ and Durban: Benchmarks for Success

Panama Rainforest

REDD+ is one of the building blocks for a new international agreement, and like other blocks, such as finance and technology transfer, it is one that many observers are hoping will become operational relatively soon, perhaps even in absence of a post-Kyoto agreement and the merging of the AWG-LCA with the AWG-KP […]

The Green Climate Fund: Expectations and the Emerging Picture

Expectations and Objectives of the GCF are creeping apart

In advance of COP 17, the Green Climate Fund’s (GCF) Transitional Committee (TC) have passed the Parties a report, recommending it “take note” of the report’s findings. It is worth analysing this report since it  brings in to clearer focus the contrast between the expectations that some have for the fund – largely the private sector …

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The increasing importance of the ‘patchwork’ approach for REDD

Emerging patchwork of mechanisms important for REDD (source: Ken Bosma)

Last month, the second edition of State of the Forest Carbon Markets,was released. All in all, the report painted a positive picture for the forest carbon markets: the volumes, transaction value and average prices in 2010 were all up on the previous year at, respectively, 30.1MtCO2e, $178 million and $5.50/tCO2e. Notably, REDD based transactions dominated the total …

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A shadow has cast over Indonesia’s flagship REDD project

Rimba Raya Project in Rapid Decline (Source: Timothy G. Laman, National Geographic)

Indonesia’s flagship Rimba Raya REDD project was registered this year under one of the Voluntary Carbon Standard’s REDD methodologies, aiming to preserve “91,215 hectares of tropical peat swamp forest,” equivalent to an emissions reduction of 104,886,254 tonnes of CO2e over the crediting period of 30 years, according to the registration documents. The project has long been an …

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Is forest carbon just another commodity?

Commodities Futures

As already discussed on Climatico, using REDD+ as a private sector offsetting mechanism runs the risk of creating perverse incentives, exposing land to market price volatility and causing supply-induced price suppression. However, for the purposes of a deeper exploration into the market-related issues of REDD+, let’s assume these problems are solved and that forest carbon …

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