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Essentially, it would involve payments by wealthy countries to developing countries for every hectare of forest they do not cut down.
The new skyscraper promises to bring a hectare of forest into the city's central business district, as well as hundreds of new homes.
Assuming a carbon price of $5 a tonne, such credits would make a hectare of forest more valuable than one of pasture (though not as lucrative as soya).
In some places in the Ecuadorean Amazon, a single hectare of forest — about two and a half acres — contains more species of trees than all of North America.
In the Amazon, for example, ranchers routinely fell a hectare of forest to create a pasture worth around $500, while releasing hundreds of tonnes of carbon dioxide into the atmosphere.
The benefits of REDD+ are about $7994, $152, and $64 per community forest, per hectare of forest area, and per household in Ludikhola watershed compared to $4815, $29, and $56 in Kayarkhola watershed, respectively, under the business-as-usual scenario.
Similar(34)
It will also help to protect 120m hectares of forest.
For every hectare of coca production, two to three hectares of forest are destroyed.
Thousand of hectares of forest burned in the fires, killing 54 people and leaving thousands homeless.
Five million hectares of forest had been stripped of life by high explosives and Agent Orange.
Morocco has also committed to planting 200,000 hectares of forest (pdf) and greatly increasing in irrigation.
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