The loss of forests in the developing world is a significant source of greenhouse gas emissions. REDD+ refers to complex institutional and regulatory arrangements, centred around the UN Framework Convention on Climate Change (UNFCCC) but extending beyond it, which seek to reduce emissions from deforestation and forest degradation through international cooperation. Like the Clean Development Mechanism, REDD+ involves financing by Western countries, directly or indirectly through international institutions such as multilateral development banks, for mitigation efforts taking place in the developing world. Concerns have long been expressed that such transnational financing could be conducive to projects that promote climate change
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