REDD developments

  • Cambodia signs REDD agreement with SF-based Terra Global Capital
  • Cambodia lost 29% of its primary forests between 2000 and 2005
  • World Bank's Forest Carbon Partnership Facility approves REDD readiness plans for Panama, Guyana approved; rejects Indonesia
  • All were resubmissions following earlier rejection
  • Readiness plans: develop baseline; strategy for reducing deforestation; and plan to monitor, report and verify