Financing REDD: Meshing Markets with Government Funds

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By Virgilio Viana, International Institute for Environment and Development

With REDD, local communities can be rewarded for conserving their forests, so the approach works for poverty alleviation as well as emissions reduction. Evidence is showing that REDD is simple and workable. Funding is an altogether more complex issue, however. Looking at the roles of market and government, is a combined approach to financing REDD feasible?