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From the abstract:
Governments will decide by the end of 2009 how developing country
forests will be included in global efforts to mitigate climate change
as part of a new post-2012 climate regime. Current negotiations seek
consensus on the most effective methods and incentives for ‘reducing
deforestation and for degradation’ (REDD), under which Northern
countries would pay Southern countries for forestry practices within
their national borders. One proposal is to give them aid money for the
purpose. Another is for Southern countries to sell the carbon locked up
in their forests to the
North to allow Northern industries to continue polluting as usual under
a global system of carbon trading. Other proposals recommend a combined
public fund and market approach.
In parallel with the global climate negotiations, agencies like the
World Bank and UN as well as donors like Norway have established a
series of large international forest and climate initiatives to support
governments to design REDD strategies and implement ‘demonstration’
are under pressure to generate early results and developing country
governments are scrambling to secure REDD funds. At the same time,
there is a rapid proliferation of voluntary REDD initiatives run by
conservation NGOs, local governments and carbon finance companies
seeking to make profits out of carbon in standing tropical forests.