Billions Needed Before Deforestation Reduction Can Be Successful

Donor nations, rainforest-rich countries and multilateral institutions will have to spend tens of billions of dollars in the next few years to ensure that nations undergoing deforestation will have incentives to halt the practice, a report released on Monday said.

Without the money to buy forest-based emissions reductions, the mechanism known as REDD+ (Reducing Emissions from Deforestation and Degradation) will be largely undermined, restricting incentives to keep trees standing, it said.

Deforestation is a major producer of heat-trapping gases in the world, accounting for around 15 percent of global emissions.

Billions Needed Before Deforestation Reduction Can Be Successful