Making Good on Glasgow Climate Pact

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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

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