It means REDD, with the inclusion of the role of conservation, sustainable forest management, and increasing forest carbon stocks in developing countries. It is the concept currently applied under the Climate Convention.
Carbon market
The carbon market has existed since before the entry into force of the Kyoto Protocol, when it was possible to observe, in the international market, a growing demand for greenhouse gas (GHG) emissions reductions, so that the ton avoided of equivalent carbon (tCO2e)...