One of the main approaches for “Reduced Emissions from Deforestation and Degradation” (REDD+) proposes that developed countries offer financial incentives to developing countries.
This was according to Permanent Secretary for Forestry Pene Baleinabuli during his opening address at the stakeholder workshop on Carbon Rights at Holiday Inn.
Baleinabuli said finance could either be provided from international public funds or potentially from carbon trading schemes.
“Such a mechanism would effectively create a new value for carbon removed from the atmosphere by, and stored in, forests.”
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