REDD plans move forward despite concerns

As part of the programme for reducing emissions from deforestation and forest degradation (REDD, see Update 57 [7]), Guyana, Panama and Indonesia submitted readiness preparation proposals (R-PPs), necessary for funding through the Forest Carbon Partnership Facility. The Bank's technical advisory panel and NGOs have raised concerns about the R-PPs, especially regarding indigenous rights and the identification of the key drivers of deforestation. Despite the criticism, the Participants Committee - comprised of REDD countries, donors and carbon fund participants - argued that the R-PPs provided a "sufficient basis" to advance the countries to the next step "subject to the Bank's due diligence, safeguards and environmental assessments".

Read more: Put the brakes on the bank: Carbon finance in Indonesia [8] by Chad Dobson

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Issued by:  BrettonWoodsProject [9]

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Issue date: September 22, 2009

Link to Article: Origin of text [10]