Investing in sustainable local enterprises could help REDD+ secure projects' long term financial viability — that was the feeling emerging in discussions at IIED and partners' REDD+ workshop at the COP18 climate talks in Doha.
While REDD+ is aimed at reducing emissions from forests, its effectiveness will depend on how much the benefits trickle down to those living closest to the forest. These same rural households are also best placed to provide local evidence of what works and what doesn’t, to influence decisions on REDD+ architecture at the national and international level.
The environmental community has been rightly wary of markets. But payments for environmental services can play a role in protecting nature, so long as governments guide, govern and regulate such markets.
Over the past twenty years non-governmental organisations have shown increasing interest in setting standards with an overt agenda for social or environmental change. Fairtrade, for example, aims to give producers fair access to markets under better trade conditions while the Forest Stewardship Council aims to promote the responsible management of the world’s forests.
Recognition of the role of markets and the private sector in contributing to sustainable development has been growing strongly in recent years. Where the 1992 Earth Summit assumed that government plans and international conventions would be the primary drivers of sustainable development, Rio 2012 has put the economy and markets at centre stage, with its emphasis on the green economy