The United Nations ‘Reducing Emissions from Deforestation and forest Degradation in developing countries’ (REDD) scheme is a system involving payment to developing countries with remaining intact forests by developed countries (with high greenhouse gas emissions and high reduction targets). This aims to reduce deforestation and degradation rates which contribute to around 15% of global annual GHG emissions. The scheme has now attracted over US$ 4.5 billion in pledged funds. If successful, the donor countries can count the carbon saved towards their carbon budgets.
The Opwall Trust continues to focus a large proportion of their efforts in this area since it is an ideal way in which in-country partners at Opwall-studied forest sites can obtain long-term funding to ensure the forests are properly managed. These include Cusuco National Park in Honduras, the Mayan forests in the Yucatan peninsula of Mexico and the rainforests of Buton Island in SE Sulawesi, Indonesia, with several applications almost ready to submit!
The hard work that is being put in to the Ice Water Fire project will be going towards funding this and other projects that you can find out more about on opwalltrust.org.