Brazil to get $16 bln annually in carbon credits from UN-REDD

12:30, October 27, 2009      

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The inclusion of UN Reducing Emissions from Deforestation and Degradation (REDD) programme in anew agreement to extend or replace the Kyoto Protocol could generate between 8 billion and 16 billion U.S. dollars annually in carbon credits for Brazil, the Brazilian Association of Carbon Market (Abemc) said on Monday.

Currently, the UN-REDD is not covered by the Kyoto Protocol, which recognizes only the carbon credits for the recovery of lost areas or reforestation in areas where there were no forests.

The UN-REDD is a positive incentive mechanism for financing actions to reduce deforestation and forest degradation resulting i