The REDD (reducing emissions from deforestation in developing countries) mechanism originally aimed at creating some sort of financial incentive for forest carbon stocks which were left outside the purview of the negotiations that adopted UNFCCC and brought into picture the Kyoto Protocol.
REDD+ takes it further and (reducing emissions from deforestation and forest degradation in developing countries and the role of conservation, sustainable management of forests, and enhancement of forest carbon stocks in developing countries)1
The formal UN REDD website explains it better- “REDD+ is a climate change mitigation solution that many initiatives, including the UN-REDD Programme, are currently developing and supporting. Other multilateral REDD+ initiatives include the Forest Carbon Partnership Facility (FCPF) and Forest Investment Program (FIP), hosted by The World Bank.”
MoEF has brought out the REDD+ policy for India. The objectives and strategy of the policy in brief are summarised in table2 below-
Creation of REDD+ architecture at National and Sub-National levels to support REDD+
Creation of adequate framework for implementation
“safeguard the rights and interests of local communities including improvement of theirlivelihood”
Managing forests for a range of services and not just for carbon stocks.
Ensure that local communities participate in REDD+ by allowing them financial benefits from the program.
“develop appropriate mechanism for channelizing REDD+ funding and transferring theaccrued financial benefits to the communities in a fair, equitable and transparentmanner”
Establishing a National Forest Monitoring System and National REDD+ Information system
“Capacity Building: Strengthened national and sub-national capacities to developsustainable REDD+ investment strategies and portfolios. “
Establishing a National REDD+ Architecture and Governance
“Establishing National REDD+ Authority in the MoEF under a NationalSteering Committee on REDD+”