Investment in reduced emissions from deforestation and degradation (REDD) in developing countries relies on the ability to guarantee effective maintenance of forest cover over long timeframes, while also avoiding negative social and environmental repercussions. Given the complex and often unpredictable drivers of deforestation in developing countries, risk reduction is therefore of paramount importance. This paper looks at how REDD transaction mechanisms between buyers and sellers might be established and the implications that risk reduction mechanisms might have for different stakeholders in developing countries. It focuses on the likely implications for the interests and welfare of the forest-dependent poor.
Leo Peskett and Zoe Harkin
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