For REDD+ to function properly, the proponent organization must put in place a sophisticated, durable and credible MRV system for documenting its carbon sequestration performance. This is indispensable for being able to sell carbon credits, among other purposes. For example, a well-functioning MRV system is necessary for assuring the efficient and equitable distribution of REDD+ benefits among stakeholders, and is therefore closely tied to the issue of social safeguards.
Research by Joseph et al. (2013) on 20 of the 23 initiatives in the Module 2 sample examines the differences in capabilities across countries and initiatives, and assesses the reasons for the differences. Estrada and Joseph (2012) note that because REDD+ baseline and monitoring methodologies were adopted only recently, many pioneering projects might not comply with them, running the risk of losing opportunities in carbon markets. Reimer et al. (2012) examine three different MRV technologies (PRODES, CLASlite, ImagesSVM) on the basis of field experience at the Juma site in Brazil.