Jurisdictional REDD+ transition

Here are some key takeaways

• REDD+ projects are an important climate finance mechanism that account for the majority of nature-based carbon credits in the voluntary carbon markets. While the majority of REDD+ finance has been supplied by individual projects under standards like VCS, there is a transition to larger scale jurisdictional approaches.

• Jurisdictional REDD+ (JREDD) can broadly be divided into voluntary carbon market JREDD, and sovereign JREDD. 

• Many believe that jurisdictional approaches will solve systemic challenges with project-level REDD+, such as over-crediting and leakage, but there are risks to the approach.

• BeZero’s sub-sector-specific approach to rating Avoided Deforestation projects can be tailored to assessing carbon efficacy in JREDD, incorporating market leading geospatial analysis, global datasets, policy drivers, and socio-economic factors.