By Vinita Krishna and Prasad
The author is a freelance researcher, New Delhi
The implementation of reduced emissions from deforestation and degradation (REDD) in developing countries, as a part of CO2 mitigation measures needs to be examined. For India specific situation, this scheme must have the ability to guarantee effective maintenance of forest cover over significant time periods as well as prevent an impact on society and environment. There is a need to ensure a sustainable flow of financial benefit to the indigenous or tribal communities and participation as well as capacity building of vulnerable stakeholders should be facilitated with recognition of their forests rights.
Earning financial incentives from carbon trading by avoiding forest emissions is known as REDD - reduced emissions from deforestation and degradation. The anticipated benefit from such transactions is alluring for economy-building developing nations but the advantages of such a policy need to be weighed before committing to REDD in totality. It is believed that deforestation accounts for about 18-20 per cent of global GHG emissions, a major issue related to climate change. It is estimated that 80 per cent of...