Legal and Policy Challenges for the World Economy
Edited by Benjamin J. Richardson, Yves Le Bouthillier, Heather McLeod-Kilmurray and Stepan Wood
Chapter 7: Designing a REDD Mechanism: The TDERM Triptych
Claire Stockwell, William Hare and Kirsten Macey* 1. INTRODUCTION At present, the international climate regime does not address deforestation in developing countries. Deforestation was discussed during the negotiation of the United Nations Framework Convention on Climate Change (UNFCCC)1 and its Kyoto Protocol,2 but was included only in developed countries’ commitments.3 In 2005, the Conference of the Parties (COP) to the UNFCCC began to examine anew how incentives for reducing emissions from deforestation and forest degradation (REDD) could be included in the regime (UNFCCC, 2005, 2006b, p. 18). REDD was also included as part of the issues to discuss for a post-2012 climate agreement when full negotiations were launched at the end of 2007 in Bali, Indonesia.4 These negotiations are set to conclude at COP 15 in Copenhagen, Denmark, in December 2009. As deforestation accounts for around 20 per cent of global greenhouse gas (GHG) emissions, it is imperative that this source of emissions be addressed (Rogner, et al., 2007). Many countries and NGOs have developed proposals on how a REDD mechanism could work. Discussions to date (September 2008) have focused primarily on methodologies for measuring emission reductions and whether financing for the mechanism should be derived from market or non-market means. Unfortunately this ‘market vs. fund’ debate dominates the entire discussion of the broader policy issues around the design of a REDD mechanism. While many proposals address other issues, they do so often only in a cursory fashion (see Hare and Macey, 2007, for the main proposals). At...
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