News: Uganda has become the first African country to submit results for REDD+ to the United Nations Framework Convention on Climate Change(UNFCCC).
- REDD+: It is a mechanism which was first negotiated by the Parties to the UNFCCC in 2005.Most of the key REDD+ decisions were completed by 2013 with the final pieces of the rulebook finished in 2015.
- In this mechanism, REDD stands for “Reducing Emissions from Deforestation and forest Degradation”; the “+” signifies the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries.
- Objective: To achieve climate change mitigation in developing countries by incentivizing forest conservation.
- Countries interested in REDD+ are required to progress through three phases:
- Readiness phase: It involves the development of national strategies or action plans, REDD+ mitigation actions and capacity building;
- Implementation of national strategies that could involve further capacity building, technology development and transfer, and results-based demonstration activities;
- Results-based payments comprise the final REDD+ phase.It provides financial incentives to developing countries that prove