Financing Forest Conservation to Combat Global Warming: Keys to Success at Copenhagen (Event audio)

Forest clearing in developing countries is an enormous contributor to global warming, accounting for about 15% of annual greenhouse gas emissions. The Bali Action Plan seeks ways to reward countries for reducing these emissions – an agenda known as REDD (Reducing Emissions from Deforestation and Forest Degradation). Effective implementation of REDD is an intense topic of discussion in the negotiations leading up to Copenhagen. Many observers envision financial flows in the billions of dollars per year, and substantial pilot efforts are already being sponsored by UN-REDD, the World Bank’s Forest Carbon Partnership Facility (FCPF), and the Norwegian International Climate and Forest Initiative.