Readiness and Avoided deforestation policies: on the use of the REDD fund

Summary

The first phase of the REDD+ mechanism consists of helping countries to improve their capacity to carry out national forest inventories, notably to assess land-use changes and forest carbon stocks and fluxes. This paper investigates the links between the funding of the first phase of REDD+ funding and the quantity of avoided deforestation that will happen during its following phases, using a simple two-step, two-players subsidiary-based REDD+ mechanism.