Chronicle of a Disaster Foretold?
REDD with Carbon Trading
by Larry Lohmann
first published 30 September 2008
Many new schemes are afoot to allow the North to pay the South for conserving its forests in return for permission to continue using fossil fuels. But how would a market in pollution rights generated by Reducing Emissions from Deforestation and Degradation (REDD) play out in reality? The answers are far more complex and disturbing than might appear at first glance.