REDD+ draft texts postpone financing decision to 2012, water down safeguards

Latest draft texts on REDD+ that will go forward to a plenary session for approval have postponed a decision on financing to next year and watered down safeguards requirements, leaving REDD+ projects in limbo and indigenous groups unprotected.   The UNFCCC’s ad hoc working group on the Long-term Cooperative Action (AWG-LCA) asked the secretariat to prepare a technical paper to review what kind of financing sources will be suitable for specific REDD+ activities, said Louis Verchot, leading...