Climate change represents a threat to biodiversity, as shifts in global mean temperatures can result in changes in species distribution, population sizes, the timing of reproduction or migration of events, among others.
Given the impacts that such changes will have on development, especially for the world's poorest and most vulnerable, it is clear that addressing climate change requires an integrated and strategic approach such as the integration of biodiversity-based strategies in climate change mitigation.
The United Nations Framework Convention on Climate Change (UNFCCC) has introduced a targeted measure to address the related challenges of climate change and loss of forests worldwide.
This measure "Reducing Emissions from Deforestation and Forest Degradation (REDD)" is an effort to create a financial value for the carbon stored in forests, offering incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development.
REDD+ goes beyond deforestation and forest degradation, and includes the role of conservation, sustainable management of forests and enhancement of forest carbon stocks.
REDD+ offers financial incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development. Through REDD+ there exists an opportunity for developing countries to create synergies between BioTrade activities in forest areas and climate-friendly policies, thereby strengthening local economic activities in forest buffer zones.
REDD+ and BioTrade
With the support of the United Nations Development Account, UNCTAD BioTrade is implementing a project to address the potential link of REDD+ and BioTrade.
This project aims to strengthen the capacities of developing countries in formulating and implementing mutually supportive trade, environment, and sustainable development strategies in line with BioTrade and REDD+ practices.
Activities will include capacity-building through technical assistance and training (traditional learning and e-learning) for policy-makers and business leaders and the establishment of a South-South platform for sharing of information and best practices in the formulation and implementation of BioTrade strategies and REDD+ projects.
This will help developing countries to align their efforts on the implementation of biodiversity and climate change-related Multilateral Environmental Agreements (MEAs) such as the UNFCCC, Convention on Biological Diversity (CBD) and the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).