Article: Performance insurance for jurisdictional REDD+: Unlocking finance and increasing ambition in large-scale carbon crediting systems
Dr. Alexander Golub, Adjunct Professor in the Department of Environmental Science, and colleagues Dr. Kitty Kay Chan and Ruben Lubowski have published a new paper on using jurisdictional pay-for-performance systems to rapidly scale up carbon finance for reducing deforestation and achieve greater environmental integrity. The paper, entitled “Performance insurance for jurisdictional REDD+: Unlocking finance and increasing ambition in large-scale carbon crediting systems,” focuses on addressing the risk to people involved in these programs, such as funders, jurisdictions, and project implementers in the face of uncertain performance and thus uncertain result-based payment. They conclude by calling on private insurers, philanthropics, and public funders to establish an insurance market that could de-risk investments and unlock future conservation efforts.
You can read the article here: 10.3389/ffgc.2023.1062551