Why in news?
- A new study by Delhi-based non-profit Centre for Science and Environment (CSE) has revealed that REDD+ programme has failed to achieve its objectives.
- “Reducing emissions from deforestation and forest degradation” (REDD+) is a mechanism developed by Parties to the United Nations Framework Convention on Climate Change (UNFCCC).
- It aims to achieve climate change mitigation by incentivizing forest conservation.
- These countries would receive results-based payments for results-based actions.
- REDD+ also includes conservation, sustainable management of forests and enhancement of forest carbon stocks.
- The Green Climate Fund (GCF) established at COP-17 to function as the financial mechanism for the UNFCCC, is currently financing REDD+ programs.
- India and REDD+:
- The Paris agreement on climate change called upon country Parties to take action to implement and support REDD+.
- India has communicated in its Nationally Determined Contribution (NDC) under Paris Agreement, that it will capture 2.5 to 3 billion tonnes of Carbon dioxide through additional forest and tree cover by 2030.
- In this regard, complying with the UNFCCC decisions on REDD+, India has prepared its “National REDD+ Strategy”.
- Along with NDC, the strategy builds upon existing national circumstances which have been updated in line with India’s National Action Plan on Climate Change and Green India Mission.It creates a financial value for the carbon stored in forests by offering incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development.
- The strategy seeks to address drivers of deforestation and forest degradation and also develop a roadmap for enhancement of forest carbon stocks and achieving sustainable management of forests through REDD+ actions.