Author/organization:
Rocío Hiraldo and Thomas Tanner
Green economy has generally focused on the energy sector, but interest in the role of forests in emissions reduction and in forest carbon markets is growing. This has led to the emergence of the Reducing Emissions from Deforestation and Forest Degradation, enhancement of carbon stock and sustainable management of forests in developing countries initiative (known collectively as REDD+) as a means through which individuals, projects and communities in developing countries can be financially rewarded for reducing emissions from deforestation, forest degradation and enhancement of carbon stock.
The emergence of REDD+ has brought new actors to the green economy negotiating arena whose interests are not only linked to the economy and the environment, but also to human rights and social participation issues. Thus, whereas negotiations around green economy had previously been influenced by government institutions, multilateral bodies, private companies, financial institutions and environmental organizations, REDD+ is involving development non-governmental organizations (NGOs) and human rights groups in the negotiations.