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|Title:||Reducing emissions from deforestation and forest degradation (REDD+): Game changer or just another quick fix?||Authors:||Venter, O.
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|Issue Date:||Feb-2012||Citation:||Venter, O., Koh, L.P. (2012-02). Reducing emissions from deforestation and forest degradation (REDD+): Game changer or just another quick fix?. Annals of the New York Academy of Sciences 1249 (1) : 137-150. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1749-6632.2011.06306.x||Abstract:||Reducing emissions from deforestation and forest degradation (REDD+) provides financial compensation to land owners who avoid converting standing forests to other land uses. In this paper, we review the main opportunities and challenges for REDD+ implementation, including expectations for REDD+ to deliver on multiple environmental and societal cobenefits. We also highlight a recent case study, the Norway-Indonesia REDD+ agreement and discuss how it might be a harbinger of outcomes in other forest-rich nations seeking REDD+ funds. Looking forward, we critically examine the fundamental assumptions of REDD+ as a solution for the atmospheric buildup of greenhouse gas emissions and tropical deforestation. We conclude that REDD+ is currently the most promising mechanism driving the conservation of tropical forests. Yet, to emerge as a true game changer, REDD+ must still demonstrate that it can access low transaction cost and high-volume carbon markets or funds, while also providing or complimenting a suite of nonmonetary incentives to encourage a developing nation's transition from forest losing to forest gaining, and align with, not undermine, a globally cohesive attempt to mitigate anthropogenic climate change. © 2012 New York Academy of Sciences.||Source Title:||Annals of the New York Academy of Sciences||URI:||http://scholarbank.nus.edu.sg/handle/10635/101545||ISSN:||00778923||DOI:||10.1111/j.1749-6632.2011.06306.x|
|Appears in Collections:||Staff Publications|
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