Should REDD+ be Included in the CDM?

October 2012

This research paper commissioned by the High-Level Panel on the CDM Policy Dialogue analyzes the options for including REDD+ in the Kyoto Protocol’s Clean Development Mechanism (CDM), the world’s largest carbon market mechanism. After careful examination of benefits and risks, Climate Advisers director of research and policy Michael Wolosin and coauthors recommended that the Panel “give close consideration to expanding CDM to include additional REDD+ activities, and/or piloting sectoral “RED” at national or subnational scale.”