For REDD+ payment, countries need framework, then investment
“When you talk about protection of forests, you have to remember that it not only benefits the country itself, it benefits everybody in the world. That’s important to remember when we talk about results-based payments.” This payment mechanism – here raised by Martijn Wilder AM, head of Baker McKenzie’s Global Environmental Markets and Climate Change practice – is one of the crucial components REDD+, rewarding countries for successfully reducing greenhouse gas emissions. However, this component along with others in the UN’s program on reducing emissions from deforestation and forest degredation (acronymned REDD) have been posing difficulties for implementing countries. Read the full story on Forests News.