REDD's are a UN backed process and the acronym stands for Reduced Emmissions from Deforestation and Degradation (REDD). Under this program rich nations would meet some of their emissions reduction targets by buying carbon credits from developing nations, whose forests soak up vast amounts of planet-warming carbon dioxide (CO2).
How does Costa Rica benefit?
The World Bank's Forest Carbon Partnership Facility aims to gather $300 million in contributions from rich nations to help more than a dozen developing countries, including Costa Rica prepare for REDD schemes. The program aims to help nations figure out credible estimates of their national forest carbon stocks as well as offer technical aid to design individual REDD projects.
Thursday, October 30, 2008
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