Brazil revises position on REDD

18 September 2009 - In this case, Rich countries could buy carbon credits

Brazil is reviewing its position on the inclusion of avoided deforestation in the carbon market and has accepted to negotiate a Reducing Emissions from Deforestation and Forest Degradation (REDD) in developing countries as a compensatory mechanism for achieving the goals of developed nations.

The position that the country will take in December to the Copenhagen summit, in which it will close a new international agreement to combat climate change, It should be set up in October. The deadline was set yesterday by President Luiz Inacio Lula da Silva, after a meeting in Brasilia with governors Amazon, Ministers and scientific industry leaders.

"Chegamos a um acordo, out a common position. Governo e governadores se uniram para defender a Amazônia", said Minister of the Environment, Carlos Minc.

The most controversial point is whether the carbon credits obtained via REDD in developing countries can be used by developed nations to offset part of their own emissions. The current position of Brazil, defended in the negotiations of the United Nations Copenhagen, It is contrary to REDD as a compensatory mechanism. The government argues that REDD work only as a voluntary mechanism for financing forest protection projects, similar to what is done with the Amazon Fund.

Os governadores da Amazônia, however, want REDD credits are compensatory, as a way to stimulate the market. So, there would be a real financial incentive for those who avoid deforestation and preserve the forest standing.

The coordinator of the Task Force on REDD and Climate Change, Virgilio Viana, He left the meeting optimistic. He, there was an understanding that REDD can work both as a voluntary mechanism as compensatory. No latter case, would use a maximum dimension (10%) to prevent developed countries from abusing the engine and leave to reduce their emissions only to buy credits from forest countries.

Furthermore, the quota would be complementary to the reduction target of each country – and not part of it. "Funcionaria como um pacote. The countries commit to a goal of reducing domestic and other, international reduction, via REDD", Viana said the State.

According to the Minister of Science and Technology, Sergio Rezende, nothing is decided. "O que nós queremos é que não seja compensatório", he said the State. "A ideia é que o REDD seja um mecanismo de mercado, but in the sense that developed countries have as part of their obligations to buy carbon credits from countries that preserve the forest standing."

SEMANTICS

No final, Viana and Rao may be saying the same thing, only with a different language. This because, to establish a requirement to purchase REDD credits, it would create, in practice, an additional compensatory mechanism – only separated from domestic emission reduction targets

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