Our Impact: Carbon Credit Payment Tools for REDD+

Nearly a decade ago, the United Nations Framework Convention on Climate Change introduced the Reducing Emissions from Deforestation and forest Degradation (REDD+) initiative to encourage local stakeholders in developing countries to reduce emissions from forest clearings. The idea was to place a financial value on maintaining forest-stored carbon. In the second of our 12-part series highlighting the environmental policy impacts of the Nicholas Institute over its first decade, we describe our contribution to REDD+ carbon credit payment systems and the crediting baseline underlying them.