BCI is promoting the implementation of the UN’s REDD+ program in the bonobo habitat. The REDD+ program has multiple benefits and perfectly complements BCI’s mission to protect bonobos, preserve rainforest, and empower people. As described by the UN:
“Reducing Emissions from Deforestation and Forest Degradation (REDD) is an effort to create a financial value for the carbon stored in forests, offering incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development. “REDD+” goes beyond deforestation and forest degradation, and includes the role of conservation, sustainable management of forests and enhancement of forest carbon stocks.”
Deforestation has devastating consequences for local communities, animal populations, and the entire planet. Nearly 20% of greenhouse gas emissions are due to deforestation and forest degradation, more than the entire global transportation sector. Greenhouse gases are implicated in climate change, and must be limited for the Earth to remain at a livable temperature. The REDD+ strategy combats global climate change because it protects ecosystem biodiversity and helps to preserve livelihoods and welfare of people in developing countries.
The UN estimates that the financial value of the greenhouse gas emission reductions could reach $30 billion annually. This influx of funds would have wide-reaching positive impact for developing nations, as well as providing incentive to protect local ecosystems and the global climate. Achieving this level of funding will require cooperation from multiple governments and private sector sources. As awareness of the carbon market grows, so too does the number of investors.