Climate change

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The UNFCCC has introduced targeted measures such as Reducing Emissions from Deforestation and Forest Degradation (REDD), which has now included “conservation, sustainable management of forests and enhancement of forest carbon stocks” (REDD+). This offers financial incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development. With the introduction of these measures and funding, there exists an opportunity for developing countries in integrating BioTrade activities into climate-friendly policies, thereby strengthening local economic activities in forest buffer zones.

In this context, UNCTAD BioTrade will be implementing a project to address the potential link between climate change, in particular REDD+, and biodiversity through BioTrade. This project is being developed with the financial support of the UN Development Account.

In particular, the project aims at strengthening the capacities of developing countries in formulating and implementing mutually supportive trade, environment, and sustainable development strategies in line with BioTrade and REDD+ practices. This will be achieved through capacity-building by providing technical assistance and training (traditional learning and e-learning) to increase understanding of policy-makers and business leaders on the linkages between BioTrade and REDD+. Establishing a South–South platform for sharing of information and best practices in the formulation and implementation of BioTrade strategies and REDD+ projects will help developing countries seize sustainable development opportunities arising from biodiversity and climate change-related Multilateral Environmental Agreements (MEAs) such as the United Nations Framework Convention on Climate Change (UNFCCC), Convention on Biological Diversity (CBD) and the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

 

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