Gund Tea: Asim Zia, Designing REDD+ vis-à-vis Foreign Direct Investments: From win-win-win to governing trade-offs
- By Gund Institute
Dr. Asim Zia on how the mainstream discourse on Global Climate Change has portrayed REDD+ (Reduced Emissions from Deforestation and forest Degradation) as a “win-win-win” policy for mitigating green house gas emissions, conserving biodiversity and advancing sustainable economic development. While REDD+ is designed to promote forest conservation within the growing trend of marketization of carbon governance, simultaneous promotion of Foreign Direct Investments (FDI) by transnational agricultural, mining, oil, biofuel and housing markets in the tropical countries poses complex challenges for designing and implementing effective REDD+ projects. This presentation explores some of the inevitable trade-offs that are typically faced with respect to resolving the leakage, permanence, additionality and baseline determination issues under REDD+ vis-à-vis FDI projects.