REDD-Plus
- In 2007, at the Conference of the Parties to the UNFCCC in Bali (COP-13) an agreement was reached called the Bali Action Plan. As defined, its aims are directed toward forest conservation, sustainable forest management and the enhancement of carbon stocks.
- REDD-plus calls for activities with serious implications directed towards the local communities, indigenous people and forests which relate to reducing emission from deforestation and forest degradation. Therefore this will involve enhancing existing forests and increasing forest cover. In order to meet these objectives, policies need to address enhancement of carbon stocks by providing funding and investments in these areas.
- In 2009, at COP-15 in Copenhagen, the Copenhagen Accord of 18 December 2009 was reached, noting in section 6 the recognition of the crucial role of REDD and REDD-plus and the need to provide positive incentives for such actions by enabling the mobilization of financial resources from developed countries. The Accord goes on to note in section 8 that the collective commitment by developed countries for new and additional resources, including forestry and investments through international institutions, will approach USD 30 billion for the period 2010 - 2012.
Read more about this topic: Reducing Emissions From Deforestation And Forest Degradation