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REDD Forest Rescue Funding Caught in UN Carbon Feud, Study Warns

To survive, REDD will likely need investment to flow from a functioning international carbon market — which, outside the EU, is in a perilous state

By Fiona Harvey,

Jul 1, 2011
Timber from Indonesia

About $200 million has been pledged by rich countries to the , the main plank of REDD. Several billions are expected to flow into REDD from other rich government sources within the next few years, in recognition that preserving existing forests is one of the cheapest ways of staving off climate change, but Oakes said this funding would be insufficient and only interest from the private sector would produce investment on the scale needed.

"The countries that are most in need of the finance risk being left behind in efforts to tackle deforestation," he said.

Republished with permission.

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