The Economics of 2C and REDD in Carbon Markets

Publication - 15 October, 2009
Greenpeace summary of KEA3 report: 'REDD and the effort to limit global warming to 2°C: Implications for including REDD credits in the international carbon market'

Executive summary: Climate change discussions have increasingly focused on the need to reduce emissions from deforestation and forest degradation in developing countries (REDD), which account for about 20% of global greenhouse gas emissions. Questions have been raised about the extent to which including REDD credits in the carbon markets would reduce incentives to invest in clean and renewable technologies and affect our ability to stay well below 2°C. Greenpeace therefore commissioned a study by economic modeling experts to examine the potential impact of REDD in carbon markets.

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Number of pages: 3