REDD+ forestry projects in developing countries aimed at climate mitigation and biodiversity protection could be financed through a range of sources including market-based mechanisms, according to climate negotiators in Durban.
Discussions on REDD+ at the UN climate meeting are focusing on funding options following an agreement to include these forestry projects in the international climate regime in Cancún. A text prepared under the AWG-LCA negotiating track, revised on Wednesday, fleshes out a decision agreed in 2010 (1/CP.16).
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