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On fair, effective and efficient REDD mechanism design

On fair, effective and efficient REDD mechanism design,10.1186/1750-0680-4-11,Carbon Balance and Management,Michael Obersteiner,Michael Huettner,Flori

On fair, effective and efficient REDD mechanism design   (Citations: 7)
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The issues surrounding 'Reduced Emissions from Deforestation and Forest Degradation' (REDD) have become a major component of continuing negotiations under the United Nations Framework Convention on Climate Change (UNFCCC). This paper aims to address two key requirements of any potential REDD mechanism: first, the generation of measurable, reportable and verifiable (MRV) REDD credits; and secondly, the sustainable and efficient provision of emission reductions under a robust financing regime. To ensure the supply of MRV credits, we advocate the establishment of an 'International Emission Reference Scenario Coordination Centre' (IERSCC). The IERSCC would act as a global clearing house for harmonized data to be used in implementing reference level methodologies. It would be tasked with the collection, reporting and subsequent processing of earth observation, deforestation- and degradation driver information in a globally consistent manner. The IERSCC would also assist, coordinate and supervise the computation of national reference scenarios according to rules negotiated under the UNFCCC. To overcome the threats of "market flooding" on the one hand and insufficient economic incentives for REDD on the other hand, we suggest an 'International Investment Reserve' (IIR) as REDD financing framework. In order to distribute the resources of the IIR we propose adopting an auctioning mechanism. Auctioning not only reveals the true emission reduction costs, but might also allow for incentivizing the protection of biodiversity and socio-economic values. The introduced concepts will be vital to ensure robustness, environmental integrity and economic efficiency of the future REDD mechanism.
Journal: Carbon Balance and Management - Carbon Balance Manage , vol. 4, no. 1, pp. 11-11, 2009
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    • ...[31]). Different from several topics where progress is largely determined by diplomatic bargaining during the UNFCCC meetings, these technical questions often overburden the delegates in the limited time available...

    Michael Huettneret al. Regaining momentum for international climate policy beyond Copenhagen

    • ...To support REDD, a number of funding initiatives have been established including the World Bank-hosted Forest Carbon Partnership Facility and Forest Investment Programme, the UN-REDD programme, Norway’s International Climate and Forest Initiative and Australia’s International Forest Carbon Initiative (Corbera et al. 2009; Obersteiner et al. 2009)...
    • ...Sectoral leakage can occur when REDD restricts agricultural expansion and thus forces agricultural intensification, which can result in increased emission of such gases as N2O due to increased use of industrial fertilisers (Angelsen and Wertz-Kanounnikoff 2008; Obersteiner et al. 2009)...

    Emmanuel F. Nzundaet al. A Swot Analysis of Mitigation of Climate Change Through REDD

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