Clean Development Mechanism: Lessons for Post-Kyoto Talks

Ahead of the post-Kyoto meetings in Copenhagen later this year, a lot has been made of Reducing Emissions from Deforestation and Forest Degradation (REDD) — a United Nations-backed program that would compensate emerging economies for protecting their forests. (For a good overview, check out The Economist’s article, and the UN’s REDD Web Site). In short, countries that look after their forests would receive carbon dioxide credits, which could then be sold in the world’s cap-and-trade CO2 schemes for a profit.

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