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REDD+, which has been around in various forms for nearly a decade, provides a payment structure for preservation and restoration efforts.The results were impressive: Brazil reduced the average rate of Amazon deforestation by over 60 percent over the last decade, absorbing about 3.6 billion tons of carbon dioxide, more than any other country.Creating a market for REDD+ credits would create investment opportunities in tropical forest preservation for heavily polluting companies and industries. With an adequate policy framework, REDD+ credits could be offered through existing compliance markets – such as the carbon credit markets in California or South Korea – unlocking billions in additional capital for reforestation efforts.Developing such a framework would also enable REDD+ to become part of future compliance systems, like the one being developed by the global airline industry to cap emissions, or the carbon permit market that China plans to launch later this year. According to the Union of Concerned Scientists, tropical deforestation is responsible for three billion tons of additional atmospheric CO2 annually – more than the world's entire transportation sector.
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