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Reduction of Emissions from Deforestation and Forest Degradation (REDD) is the name of a World Bank sponsored carbon offset program. The idea is to pay owners of forests in the global South to stop deforestation as a way of reducing carbon emissions.
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| Sourced From |
Reduction of Emissions from Deforestation and Forest Degradation (REDD) is the name of a World Bank sponsored carbon offset program. The idea is to pay owners of forests in the global South to stop deforestation as a way of reducing carbon emissions.
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Schemes that promote payments for ecosystem services (PES) should, in theory, reduce poverty while preserving the environment by rewarding the rural poor for acting as guardians of the ecosystem. Most PES schemes even list poverty reduction as an explicit goal; but will too much emphasis on helping the poor detract from the environmental benefits? Ecosystem Marketplace summarizes key research.
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The government of Ecuador raised intriguing questions about Payments for Ecosystem Services a few years back when it offered to avoid drilling for oil in exchange for a carbon payment equal to just half the income the country would earn if it fired up the rigs at then-prevailing prices. EM checks in on this intriguing proposal and invites you to share your views.
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