New Guidelines Report on UNFCCC REDD+ and Article 6 Carbon Credits published.
Wednesday January 31, 2024, New York – A new report on the UNFCCC’s Reducing Emissions from Deforestation and Degradation (REDD+) framework1 was published today.The primer report provides a comprehensive overview of the REDD+ framework, how it came into being, how it works, and how Internationally Transferable Mitigations Outcomes (ITMOs) are created for the forestry sector.
“The REDD+ framework evolved over two decades of UNFCCC decisions – and for this reason it’s not easily understood. The new primer report is perfect for governments, corporations, analysts, academics, and the media who are looking for a comprehensive understanding of the framework and all its elements,” said Federica Bietta, Managing Director, Coalition for Rainforest Nations
The new primer report provides both a concise and comprehensive account of:
- how countries report national efforts to slow deforestation to UNFCCC,
- how the UNFCCC verifies these efforts and rewards countries with emissions reductions,
- all the COP decisions that have gone into the methodology, and
- the latest guidelines on how REDD+ Results become carbon credits, called Internationally Transferable Mitigation Outcomes (ITMOs), under Article 6 of the Paris Agreement.
At COP28, the UAE Consensus Agreement achieved a milestone for the Paris Agreement by recognizing the need to reverse deforestation by 2030 in accordance with Article 5 of the Paris Agreement, and using Article 6 carbon markets as the tool to provide climate finance to developing nations for conserving rainforests.
REDD+ is the only global conservation system to preserve and protect rainforests by making them worth more alive than dead – and is critical. The UNFCCC REDD+ framework enables rainforest nations to obtain economic value for carbon reductions resulting from national action that they take to reduce deforestation and preserve their rainforests. 80 countries are actively involved in the system either as rainforest nations or
The primer report is the second in a series of reports on the REDD+ framework. The first publication, “UNFCCC REDD+ Sovereign Carbon Credits: A Corporate Buyer’s Guide” is also available on the CfRN website.
For more information, contact: claire@teamsilverline.com
1 While the term REDD+ is enshrined in Article 5.2 of the Paris Agreement, it was never patented by the UNFCCC. This means that any forestry carbon project can use the name REDD+ without any methodological or legal connection to the Paris Agreement and UNFCCC.
