On fair, effective and efficient REDD mechanism design

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/33157 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/33157 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/33157 archive 351 disk0/00/00/87/97 2016-01-15 08:41:52 2022-10-19 05:00:09 2016-01-15 08:41:52 article show 1 Obersteiner M. 7255 0000-0001-6981-2769 Huettner M. Kraxner F. 7904 McCallum I. 1731 0000-0002-5812-9988 Aoki K. 8008 Bottcher H. Fritz S. 8130 0000-0003-0420-8549 Gusti M. 97792 Havlik P. 1868 0000-0001-5551-5085 Kindermann G. 8178 0000-0003-4297-1318 Rametsteiner E. AL1741 Reyers B. 8382 On fair, effective and efficient REDD mechanism design pub iis_env iis_for prog_for The issues surrounding "Reduced Emissions from Deforestation and Forest Degradation" (REDD) have become a major component of continuing negotiations under the United Nations Framework Convention on Climate Change (UNFCCC). This paper aims to address two key requirements of any potential REDD mechanism: first, the generation of measurable, reportable and verifiable (MRV) REDD credits; and secondly, the sustainable and efficient provision of emission reductions under a robust financing regime. To ensure the supply of MRV credits, we advocate the establishment of an "International Emission Reference Scenario Coordination Centre" (IERSCC). The IERSCC would act as a global clearing house for harmonized data to be used in implementing reference level methodologies. It would be tasked with the collection, reporting and subsequent processing of earth observation, deforestation- and degradation driver information in a globally consistent manner. The IERSCC would also assist, coordinate and supervise the computation of national reference scenarios according to rules negotiated under the UNFCCC. To overcome the threats of "market flooding" on the one hand and insufficient economic incentives for REDD on the other hand, we suggest an "International Investment Reserve" (IIR) as REDD financing framework. In order to distribute the resources of the IIR we propose adopting an auctioning mechanism. Auctioning not only reveals the true emission reduction costs, but might also allow for incentivizing the protection of biodiversity and socio-economic values. The introduced concepts will be vital to ensure robustness, environmental integrity and economic efficiency of the future REDD mechanism. 2009-11 published Springer 10.1186/1750-0680-4-11 XJ-09-128 Carbon Balance and Management; 4:11 (27 November 2009) [doi:10.1186/1750-0680-4-11] 219 165 202 2582 98 114 119 157 2856 1533 public Carbon Balance and Management 4 11 1-11 11 TRUE 1750-0680 Climate Change - Terrestrial Adaption and Mitigation in Europe (CCTAME, FP7 212535) GLOBIOM FALSE yes info:eu-repo/grantAgreement/EC/FP7/212535/EU/Climate Change - Terrestrial Adaption and Mitigation in Europe/CCTAME info:eu-repo/semantics/article info:eu-repo/semantics/openAccess