10 December 2024 – A white paper published today by researchers from Everland and Space Intelligence concludes that carbon crediting from REDD+ projects has been robust when assessed system-wide across its twenty-year history.
The study compared the baseline forest loss projections of 45 REDD+ projects (developed before the projects began) to the actual forest loss that took place in the jurisdictions surrounding the projects after the projects began, over a twenty-year period (2002-2022). Together, the projects encompass 71% of the total area and 63% of the projected emissions reductions from all avoided unplanned deforestation (AUD) projects currently registered under Verra’s Verified Carbon Standard (VCS) program.
Researchers found:
REDD+ project baseline forest loss predictions closely matched actual jurisdictional forest loss
When aggregated globally and integrated over the twenty-year study period, REDD+ project baseline predictions of forest loss closely matched the actual forest loss which took place in the jurisdictions surrounding the projects. Using jurisdictional forest loss as a benchmark for the reasonable accuracy of project baselines (see Notes below), this result indicates that historical carbon crediting has been robust at a system level.
Forest loss rates in REDD+ project areas were ten times lower than in their surrounding jurisdictions
Forest loss rates in REDD+ project areas were ten times lower than in their surrounding jurisdictions, even though the analysis assumed a high rate of leakage and incorporated that assumption into project area forest loss calculations.
At a system level, historical project-level REDD+ crediting was essentially identical to what it would have been under a jurisdictional approach
Project-level REDD+ crediting at a system level over the period of this study was essentially the same as it would have been had the projects been credited on the basis of actual forest loss in their surrounding jurisdictions (i.e., “nested ex post” crediting). This result indicates that historical REDD+ crediting under Verra’s Verified Carbon Standard (VCS) was effectively the same as it would have been under a highly accurate jurisdictional forest reference emissions level (FREL), allocated to projects on the basis of area.
Everland CEO Joshua Tosteson said of these results: “This comprehensive analysis provides clear evidence that the REDD+ mechanism has been systemically robust over its lifetime to date. As the REDD+ market transitions toward new crediting methodologies, this research strongly argues that the “crisis of integrity” surrounding REDD+ carbon crediting has largely been one of perception, not reality: The REDD+ mechanism has been remarkably effective, and REDD+ climate finance has delivered on its promise – even as it evolves to deliver on its full potential. This should help rebuild market confidence and inspire urgently-needed action now to make conservation a viable, dependable development path for forest communities around the world.”