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Perceptions on fairness and efficiency of the REDD value chain

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Reducing Emissions from Deforestation and Degradation (REDD) will require a ‘value chain’ that links global beneficiaries to local actions towards high carbon storing land use patterns. The value chain includes: effectively reducing emissions, a shift in development pathways and all ‘transaction costs’ to make a transparent, verifiable claim on emission reductions that can obtain ‘credits’ and market value. Fairness in this context means rewarding stewards of current forests, and efficiency means focusing on high-emission areas for reductions. The Fair and Efficient REDD Value Chain Allocation (FERVA) method explores perceptions along the emerging REDD value chain. This brief reports on its applications in Indonesia and Peru

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