Table of Contents

Research Handbook on REDD-Plus and International Law

Research Handbook on REDD-Plus and International Law

Research Handbooks in Climate Law series

Edited by Christina Voigt

The REDD+ initiative for Reducing Emissions of greenhouse gases from Deforestation and Forest Degradation is an important tool, established under the UNFCCC, for incentivizing developing countries to adopt and scale up climate mitigation actions in the forest sector and for capturing and channeling the financial resources to do so. With contributions from legal experts, international relations scholars, climate change negotiators and activists, this Handbook eloquently examines the emerging governance arrangements for REDD+, analysing how and to what extent it is embedded in the international legal framework.

Chapter 13: REDD+ instruments, international investment rules and sustainable landscapes

Marie-Claire Cordonier Segger, Markus Gehring and Andrew Wardell

Subjects: environment, climate change, environmental law, law - academic, environmental law


International rules to guide climate change responses, and to govern international investments, were not crafted as opposing poles. In the context of poverty eradication and sustainable development of a global green economy, these objectives are actually intended to be integrated and mutually supportive. In the 1997 UN General Assembly Special Session on Sustainable Development, at paragraph 23, countries noted that ‘Economic development, social development and environmental protection are interdependent and mutually reinforcing components of sustainable development.’ Calling for sustained economic growth, they further declared: ‘Growth can foster development only if its benefits are fully shared. It must therefore also be guided by equity, justice and social and environmental considerations. Development, in turn, must involve measures that improve the human condition and the quality of life itself.’ States further agreed, at paragraph 81, that: To stimulate higher levels of private investment, Governments should aim at ensuring macroeconomic stability, open trade and investment policies, and well-functioning legal and financial systems . . . To ensure that such investments are supportive of sustainable development objectives, it is essential that the national Governments of both investor and recipient countries provide appropriate regulatory frameworks and incentives for private investment.

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