Reduced emissions from deforestation and degradation (REDD) is one of recent global mechanisms that expected by developing countries to help in conserving forests, combat climate change as well as eradicate poverty. Public may aware on deforestation and its impact on climate change. But, halting the deforestation process isn’t simply as people reducing plastic consumption.
I noted PES and REDD as recent mechanisms that was built to protect environmental services. However, some parties have developed similar mechanism with various approaches or addressing more issues on local people’s livelihood. Such mechanisms allow resources transfer from different parties who have also different capabilities.
Here I put another financial mechanism –known as Bio-right that aims to address poverty issues and environmental degradation. This mechanism stands in the area where widely known that poverty has to do with environmental problems or vice versa. The linkage is more complex and varies from countries to countries. What make different Bio-rights mechanism with PES or REDD?
