Reducing emissions from deforestation and degradation (REDD) may offer a rapid and cost-effective method for slowing global climate change. As a result, REDD policies could spur a multibillion-dollar market for forest carbon credits with the power to create large transfers of wealth among nations.
The Forest Carbon Index, a project led by RFF’s Nigel Purvis, integrates the best available data on biological, economic, investment, and market readiness conditions to illuminate the geography of potential forest carbon offsets.
Among the findings of the project are that forests can provide 25 percent of the climate solution through 2020 and that the forest carbon market could be worth up to $20 billion annually.
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