Degradation and deforestation of the world’s tropical forests are cumulatively responsible for about 10% of net global carbon emissions. Therefore, tackling the destruction of tropical forests is core to any concerted effort to combat climate change (14). Traditional approaches to halting tropical forest loss have typically been unsuccessful, as can be seen from the fact that deforestation and forest degradation continue unabated.
Watch the REDD+ video, An Introduction to REDD+.
REDD (reducing emissions from deforestation and forest degradation) incentivises a break from historic trends of increasing deforestation rates and greenhouse gases emissions. It is a framework through which developing countries are rewarded financially for any emissions reductions achieved associated with a decrease in the conversion of forests to alternate land uses (14). Having identified current and/or projected rates of deforestation and forest degradation, a country taking remedial action to effectively reduce those rates will be financially rewarded relative to the extent of their achieved emissions reductions (15).
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Malaysia signed the United Nations Framework Convention on Climate Change (UNFCCC) in June 1993 and has ratified the Convention since 1994. Malaysia continues to engage with the UNFCCC process and submitted two papers in 2011 on financing and methodological guidance for REDD+. At the Rio Earth Summit in 1992, Malaysia had also previously made a pledge to maintain at least 50 per cent of perpetual forest and tree cover, and this commitment was reiterated at the Conference of the Parties (COP) in Copenhagen in 2009. Malaysia has also made a pledge to voluntarily reduce carbon intensity by 40 per cent by the year 2020 compared to 2005 levels (NRE, 2011). Malaysia is involved in other international climate change and REDD+ related initiatives, including having signed up to the Kyoto Protocol, and participates as an observer country to the UN-REDD Programme. Malaysia is not yet part of the World Bank’s Forest Carbon Partnership Facility (FCPF), however plans to apply for the next round as a country recipient.
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