This report looks at the implications of different approaches to reference level setting in REDD, taking an international approach and then applying this to the Brazilian national context to demonstrate the financial implications, resulting emissions reductions, and ultimately the viability of different approaches.
Using the OSIRIS model the report examines three core questions regarding REDD mechanisms: What is the cost efficiency – the USD spent to reduce one tonne of CO2e (equivalent) at different carbon prices? What is its effectiveness – the ratio between the carbon price and the cost per tonne of CO2e? And what is the Net Present Value of gross REDD revenue?
For further information, access http://www.iied.org/pubs/display.php?o=G02913