How international finance mechanism can halted deforestation? A research was done by Edward Barbier and Anteneh Tesfaw and concluded that potential success or failure of REDD+ as a means to reduce deforestation and carbon emission on forest commons depends critically on designing projects. What kind of project?
The paper was published in open access journal “Forest” of MDPI.
As noted by the authors, although still in its infancy, the success of REDD+ will depend significantly on whether it can be economically viable and if any resulting payments are sufficient to cover the opportunity cost plus any transaction cost.
Defining transaction is quite difficult than opportunity cost because of the field variability condition.
“Where tenure security over forest is weak, REDD+ can pose a risk for forest communities, who could be dispossessed, excluded and marginalized, ” says the authors.
The authors reviewed existing studies to explore how payment for avoided deforestation, and forest tenure impact the success of REDD+ projects in terms of effectiveness, efficiency and equity.
“We conclude that the potential success or failure of REDD+ as a means to reduce deforestation and carbon emission on forest commons depends critically on designing projects that work within existing informal tenure institutions to ensure that carbon storage benefits align with livelihood benefitsm,” argues Barbier and Tesfawe.
Download “Can REDD+ Save the Forest? The Role of Payments and Tenure” paper here: