Possible Overestimations: Carbon Reductions in REDD+ Projects and Their Impact Carbon Markets in Latin America

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REDD+ projects generate the majority of carbon credits in Latin America, due to the vast  forest cover and deforestation risks in the region. Likewise, they bring important co-benefits in biodiversity conservation, ecosystem restoration and for local communities that call these regions home. 

However, in recent months these types of projects have been the subject of critism in studies published by the press and academia, where the methodology used by REDD+ projects to estimate projected deforestation is questioned, which would imply a considerable overestimation of forestry carbon credits generated by this type of projects.

To understand the implications of these studies, CCAP has invited Dr. Thales AP West, who led a recent study published by Science, that indicates that 94% of the carbon credits analyzed in 18 REDD+ projects do not represent reductions of real carbon. West's presentation will focus on the results of his study in Latin America. Subsequently, a panel discussion will be held with representatives from different carbon markets sectors to understand the implications of these studies in the voluntary carbon market and identify alternatives to improve confidence in carbon credits coming from these types of projects.