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Please use this identifier to cite or link to this item: http://hdl.handle.net/10204/4358

Title: On fair, effective and efficient REDD mechanism design
Authors: Obersteiner, M
Huettner, M
Kraxner, F
McCallum, I
Aoki, K
Böttcher, H
Fritz, S
Gusti, M
Havlik, P
Kindermann, G
Rametsteiner, E
Reyers, B
Keywords: Reduced Emissions from Deforestation and Forest Degradation
United Nations Framework Convention on Climate Change
Emission reduction
Climate change
Issue Date: Nov-2009
Publisher: BioMed Central
Citation: Obersteiner, M, Huettner, M, Kraxner, F et al. 2009. On fair, effective and efficient REDD mechanism design. Carbon Balance and Management, Vol. 4(11), pp 1-11
Abstract: The issues surrounding 'Reduced Emissions from Deforestation and Forest Degradation' (REDD) have become a major component of continuing negotiations under the United Nations Framework Convention on Climate Change (UNFCCC). This paper aims to address two key requirements of any potential REDD mechanism: first, the generation of measurable, reportable and verifiable (MRV) REDD credits; and secondly, the sustainable and efficient provision of emission reductions under a robust financing regime. To ensure the supply of MRV credits, we advocate the establishment of an 'International Emission Reference Scenario Coordination Centre' (IERSCC). The IERSCC would act as a global clearing house for harmonized data to be used in implementing reference level methodologies. It would be tasked with the collection, reporting and subsequent processing of earth observation, deforestation- and degradation driver information in a globally consistent manner. The IERSCC would also assist, coordinate and supervise the computation of national reference scenarios according to rules negotiated under the UNFCCC. To overcome the threats of "market flooding" on the one hand and insufficient economic incentives for REDD on the other hand, we suggest an 'International Investment Reserve' (IIR) as REDD financing framework. In order to distribute the resources of the IIR we propose adopting an auctioning mechanism. Auctioning not only reveals the true emission reduction costs, but might also allow for incentivizing the protection of biodiversity and socio-economic values. The introduced concepts will be vital to ensure robustness, environmental integrity and economic efficiency of the future REDD mechanism.
Description: Copyright: 2009 Obersteiner et al; licensee BioMed Central Ltd. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
URI: http://www.cbmjournal.com/content/4/1/11
ISSN: 1750-0680
Appears in Collections:Climate change
General science, engineering & technology

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