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More than a decade after the global adoption of REDD+ as a climate change mitigation strategy, countries have started accessing results-based payments. However, the extent to which payments are actually based on results is unknown, necessitating program evaluations to establish the contribution of REDD+ to the Paris NDCs. We undertake a microeconometric evaluation of one of the most globally significant REDD+ initiatives, Indonesia’s moratorium on forest concessions, in which a payment has been awarded. At the agreed US$5/tCO2-eq, the value of our estimated cumulative carbon emissions far exceeds the proposed payment from the donor, Norway. Although cost-effective, the emissions reductions only contribute 3 to 4% of Indonesia’s NDC. This contribution could be increased in new initiatives with better-designed incentives and institutional arrangements.
All replication materials, including processed datasets, regression routines, and R scripts used to generate our results, have ....
It’s been billed as humanity's last chance to save the planet. Even if you’re wary of hyperbole, it’s hard to deny that COP26 marks an important moment. ....
Schroders experts including Simon Webber, Mark Lacey, Saida Eggerstedt and Kate Rogers share their expectations ahead of the COP26 climate conference. ....
Schroders experts including Simon Webber, Mark Lacey, Saida Eggerstedt and Kate Rogers share their expectations ahead of the COP26 climate conference. ....