âWe will receive a negligible amount," he said, while noting India did not oppose the market mechanism. This means companies can pay to plant forests to compensate for carbon emissions they emit elsewhere, with the money being paid to the government where the foresting is taking place.
UN Secretary-General Ban Ki-moon praised REDD as a global âreforestation" programme.
An Indian official said that the entire money that comes under REDD or REDD plus would ploughed back to the forest dwellers. However, it remains unclear how the rights of forest dwellers, as enshrined in the Forest Rights Act, will be ensured in areas that might come under a REDD scheme. Read the full report here.
Source: Chetan Chauhan, Hindustan Times, Cancun.