Options for the EU to Generate, Adequate, Predictable and Sustainable Financing for Emission Reductions from REDD+

As the global community seeks to adopt a new global climate agreement at the United Nations Framework Convention on Climate Change Conference of Parties in Paris in December 2015 the challenge of reducing tropical forest emissions remains as important as ever. A diverse range of options exists for the European Union and its member states to generate funds to pay for verified emission reductions for countries’ efforts to reduce emissions from deforestation and forest degradation, and foster conservation, sustainable management of forests, and enhancement of forest carbon stocks.

This paper (one of three) assesses options for mobilizing demand for REDD+ credits, with a focus on options that move beyond the traditional inclusion of offset credits in the EU Emission Trading System. Options contemplated are (1) using REDD+ credits in the context of the EU Effort-Sharing Decision, (2) the link of REDD+ to corrective action systems in the EU; and (3) linking REDD+ to the global market-based measure developed by the International Civil Aviation Organization (ICAO).

You can also download a copy of this paper from the Meridian Institute website.