REDD hot air

Definition

The proposal by IIASA aims to address two key requirements of any potential REDD mechanism; firstly the generation of measurable, reportable and verifiable (MRV) REDD credits, and secondly the provision of sustainable emissions reductions. To ensure MRV credits, IIASA advocates reference scenario modelling based on co-ordinated collection, reporting and subsequent processing of earth observation, and deforestation and degradation driver information in a globally consistent manner. This information should be made available on a joint platform that would allow individual countries and projects to compute reference emission scenarios for planning real REDD efforts and for determining compensation baselines according to the outcomes of the ongoing negotiations. As well as consistency gains, globally coordinated data collection will lead to drastically lower monitoring costs. To maximise ecosystem services co-benefits, Obersteiner et al. use a Dutch tender auction of REDD credits. The auction can be implemented in one of two ways: either maximizing the ecosystem value per REDD unit or the GHG mitigation per fungible Annex I emission reduction unit. (The Little REDD Book, 2008)

Broader terms

REDD approaches