Making Good on Glasgow Climate Pact
This report has been released by the following institutions:
United Nations Program on Reducing Emissions from Deforestation and Forest Degradation (REDD), United Nations Environment Program-World Conservation Monitoring Center (UNEP-WCMC) and Green Gigaton Challenge (GGC)
GGC is a global effort. It aims to raise funds for a high-quality reduction of one giga tonne of emissions annually by 2025 and beyond.
Forest-based natural climate solutions will be adopted to cut emissions.
Highlights of the Report
- The world is not moving towards achieving the afforestation goals of stopping deforestation by 2030 and reversing this trend.
- Current public and private commitments to pay for emissions reductions are only 24% of the gigaton milestone goals.
- Only half of these commitments have been met through purchase agreements related to emissions reductions.
Key suggestions
- Upfront investments in REDD+ preparedness must be made to meet emissions reduction targets.
- This will enable utilization of capacity and ensure action.
- They should be made part of the scheme through equal participation of indigenous and local communities and sharing of benefits with them.
- Adequate supply should be increased through incentives. Also, the leverage of demand should be taken.
- One measure is to increase the floor price of forest carbon as an incentive.
- The reduction of emissions from forests should be on a realistic and sound basis. There should be a robust mechanism for determining the quantum of reduction in emissions.
- Mechanism should be developed to deal with the leakage. At the same time, it must also ensure that emissions reduction results are sustainable.
- Mechanism should be developed to deal with the leakage. At the same time, it must also ensure that emissions reduction results are sustainable.
Related glossaries
- UN-REDD (Reduction in Emissions from Deforestation and Forest Degradation in Developing Countries) Program:
- It aims to help drive the adoption of forest-based solutions to combat climate emergencies.
- This goal can be achieved by reducing carbon emissions and promoting carbon sequestration.
Carbon sequestration – Under this, carbon is removed from the atmosphere and stored in solid or liquid form.
- It was started in the year 2008. It is a collaborative effort of the United Nations Food and Agriculture Organization, the United Nations Development Program and UNEP.
- REDD+ aims to reduce emissions from deforestation and forest degradation. At the same time, sustainable management and conservation of forests have to be ensured.
- It is also commonly known as the Warsaw Framework for REDD+. This is because it was adopted at the COP-19 conference held in Warsaw in December 2013.
- UNEP-WCMC is a global center of excellence on biodiversity and nature’s contribution to society and the economy.
(REDD: Reducing Emissions from Deforestation and Forest Degradation)
Source – The Hindu
