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Financial compensations for reducing emissions from deforestation

Main international organizations including the United Nations and the World Bank, have begun to develop programs aimed at curbing deforestation. The blanket term Reducing Emissions from Deforestation and Forest Degradation (REDD) describes these sorts of programs, which use direct monetary or other incentives to encourage developing countries to limit and/or roll back deforestation. Funding has been an issue, but at the UN Framework Convention on Climate Change (UNFCCC) Conference of the Parties-15 (COP-15) in Copenhagen in December 2009, an accord was reached with a collective commitment by developed countries for new and additional resources, including forestry and investments through international institutions, that will approach US$30 billion for the period 2010–2012.