Monday, November 2, 2009

Understanding REDD

Absolute must-watch video, explaining REDD (Reducing Emissions from Deforestation and Degradation) from the New America Foundation.

Tropical deforestation accounts for 20 percent of all carbon emissions into the atmosphere, more than the combined emissions of every car, truck, ship, plane and train on the planet. A new market mechanism, REDD is being developed so that residents of tropical forest properties can earn more money from the standing forest than from its removal.

The REDD concept is part of the Waxman-Markey cap and trade bill, which would allow U.S. companies to offset the carbon they emit by paying tropical countries and their citizens not to cut down their rainforests. A market-based system that includes REDD will also be on the agenda at the UN-sponsored talks in Copenhagen this December, where representatives hope to hash out a new climate change treaty to replace the 1997 Kyoto Protocol, which expires in 2012.

A very important bit of info as we head into the Copenhagen talks this winter.

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