Chile REDD+ Emissions Reductions Program

active

The development objective of the REDD Emissions Reduction Program Project is to make payments to the Chile for measured, reported and verified emissions reductions (ER) from reduced deforestation and forest degradation, the conservation and enhancement of forest carbon stocks (REDD ) in selected regions of southern Chile, and to distribute ER payments in accordance with an agreed benefit sharing plan. This project has two components. 1) The first component, Scope of the instrument, consists of a stand-alone carbon finance project between the World Bank as trustee of the forest carbon partnership facility (FCPF) carbon fund and Chile as the program entity. 2) The second component, Chile's REDD ER Program, aims to position the country's natural forests as a key element of national climate change mitigation and adaptation efforts.