The Australia clause and REDD: a cautionary tale
If a binding agreement can be reached on a post-2012 international climate regime, it is likely to include the phased introduction of a market-linked mechanism for reducing emissions from deforestation and forest degradation in developing countries (REDD). Under such a scheme, countries that reduce net REDD emissions below a pre-set baseline would receive credits that could be sold in carbon markets and used by purchasing nations to meet their international mitigation obligations. This paper...[Show more]
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