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Supplementing REDD+ with Biodiversity Payments: The Paradox of Paying for Multiple Ecosystem Services

REDD+ is an emerging international climate policy mechanism which is being designed to deliver climate change mitigation benefits from tropical forests. REDD+ would make carbon payments to developing countries that reduce greenhouse gas emissions from deforestation below internationally agreed reference levels. Developing countries would be responsible for designing their own policies to achieve these emission reductions.

This paper concludes that it may be possible to shift a portion of REDD+ funding away from carbon payments and towards biodiversity payments and obtain both more biodiversity benefits and more climate benefits.