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REDD Alert (6/7)

This is also part of this series: Earth Report - Season 2 (7)

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Subjects: African Studies, Business Studies, Finance, Forests, Global Issues, Global Warming, International Trade, Sustainability, Sustainable Development

Grade Level: JrH-Adult
Producer: TVE
Closed Captioned: No

Running Time: 26 mins
Country of Origin: Great Britain
Study Guide: No

Copyright Date: 2009
Available in French: No

The rainforest of the Congo basin is the second largest in the world. It’s twice the size of France, and it could prove vital in the fight against climate change. The forest is under threat – from loggers and agricultural development. When trees are felled, the carbon they contain is released as carbon dioxide into the atmosphere.

Now, under a programme known as REDD rich corporations and governments will pay for developing countries to keep forests like this to store carbon. Trees that are left standing must earn more than those that are cut down. The revenue from REDD could reach $30 billion a year – but will REDD work?

REDD stands for Reducing Emissions from Deforestation and Forest Degradation in Developing Countries. The programme allows corporations or governments to counterbalance the carbon they put into the atmosphere by paying developing countries to keep their forests intact. And a major American corporation is going to pay for a 2 year Development scheme to get Tayna, and a second forest in the region, validated as a REDD project.

Once it has been validated by an independent auditor, the corporation can start buying carbon credits based on the forest. These trees will, in effect, start earning money. Kept standing, it’s argued that they will help fight climate change. Deforestation accounts for nearly 20% of all greenhouse gas emissions – more than all the cars and planes on earth. This REDD scheme will have particular rules. There will be one area for trees and animals only, another for people and development.

Links: www.tve.org/earthreport/archive/doc.cfm

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