The environmental integrity of a mechanism rewarding Reduced Emissions from Deforestation and Degradation (REDD) depends on appropriate accounting for emission reductions. Largely stemming from a lack of forest data in developing countries, emission reductions accounting contains substantial...

The Clean Development Mechanism (CDM) of the Kyoto Protocol has a dual objective: to encourage low-cost emission reduction and to promote sustainable development in the host countries of CDM projects. The CDM has by and large delivered on the first objective but arguably not on the second. This...