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Policy Paper: Assessing prerequisites for market-based REDD+ activities 2
1 Introduction ........................................................................................................................................... 3
2 Criteria for assessing REDD+ market readiness elements ................................................... 5
2.1 Legitimacy ..................................................................................................................................................... 5
2.2 Effectiveness ................................................................................................................................................. 5
2.3 Efficiency ........................................................................................................................................................ 5
2.4 Equity .............................................................................................................................................................. 6
3 Building blocks for REDD+ Market Readiness .......................................................................... 7
3.1 Technical readiness ................................................................................................................................... 7
3.1.1 Setting reference levels ...................................................................................................................................... 7
3.1.2 Technical readiness for Measurement, Reporting and Verification (MRV) of carbon ............. 9
3.1.3 Existing Experiences from ongoing readiness initiatives ................................................................. 10
3.1.4 Dealing with capacity gaps for reference level setting and MRV ................................................... 12
3.1.5 LEEE implications ............................................................................................................................................. 13
3.2 Institutional and legal readiness ......................................................................................................... 13
3.2.1 Overall Responsibility and Coordination................................................................................................. 14
3.2.2 Institutional Framework for MRV .............................................................................................................. 14
3.2.3 Dealing with Forest Tenure and Carbon Rights .................................................................................... 14
3.2.4 Overseeing Safeguards and Establishing National Standards ........................................................ 16
3.2.5 Existing Experiences from ongoing readiness initiatives ................................................................. 18
3.2.6 LEEE implications ............................................................................................................................................. 20
3.3 Policy readiness......................................................................................................................................... 21
3.3.1 Identifying drivers of deforestation ........................................................................................................... 21
3.3.2 Choosing the adequate forestry policy instruments ........................................................................... 22
3.3.3 Channelling of international funds ............................................................................................................. 23
3.3.4 Existing Experiences from ongoing readiness initiatives ................................................................. 25
3.3.5 LEEE implications ............................................................................................................................................. 26
4 The integration of REDD+ in Emission Trading Systems .................................................... 27
4.1 California’s Cap and Trade Programme ............................................................................................ 27
4.2 US federal: The Waxman-Markey bill ................................................................................................ 28
4.3 The European position and the EU-ETS ............................................................................................ 28
5 Conclusions ......................................................................................................................................... 30
6 References ........................................................................................................................................... 33
Nicolas Kreibich, Christof Arens and Wolfgang Sterk
Wuppertal Institute