Market
REDD+
Also known as: Reducing Emissions from Deforestation and forest Degradation
TL;DR
UNFCCC framework for crediting avoided emissions from deforestation and degradation, plus the "+" enhancements: conservation, sustainable management, and forest-stock enhancement.
Full explainer
REDD+ stands for Reducing Emissions from Deforestation and forest Degradation in developing countries, with the "+" denoting three additional eligible activities: conservation of existing forest carbon stocks, sustainable management of forests, and enhancement of forest carbon stocks. It is the UNFCCC framework that emerged from successive COP decisions starting in Bali (2007) and consolidated under the Warsaw Framework (2013).
In the voluntary market REDD+ is operationalised through methodologies like VM0007 (legacy) and VM0048 (consolidated successor). In Indonesia, REDD+ projects most commonly target peat-swamp forest in Kalimantan and Sumatra, where avoided emissions per hectare are exceptionally high because of the deep organic carbon stored in the underlying peat dome.
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