For the initiative, both industrial efforts and nature-based solutions are being explored, and REDD+ projects are a focus because of forests' role in retaining carbon dioxide and other greenhouse gases.
According to the World Wildlife Fund, tropical forests alone hold more than 228 gigatons to 247 gigatons of carbon, which is more than seven times the amount emitted each year by human activity. The Center for International Forestry Research also said that stopping deforestation, along with other natural climate solutions, could provide 37 percent of the emissions reduction needed by 2030.
"REDD+ is gaining global attention because it has a mechanism that encourages cooperation between advanced nations and developing countries," Choi said. "Developing nations can get incentives from international organizations based on emission outcomes, while advanced nations can help via forestation and earn certified emissions reductions, which can be used for meeting their NDCs."