Where REDD+ money goes – and doesn’t go
REDD+ financing’s annual average of USD 323 million might sound like a lot on its own, but compare this to the 41 billion spent on agricultural subsidies and biofuel, and it’s just a drop in the bucket.
This is one of many findings elucidated in a forthcoming study on funding for reduced emissions from deforestation and forest degradation (REDD+). The study was led by the international consulting group COWI, along with the Öko-Institut and scientists from the Center for the International Forestry Research (CIFOR). The team studied REDD+ funding from 2008–2015 to see where it went and how it was spent. Read the full story on Forests News.