From reference levels to results: REDD+ reporting by countries
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This report provides an overview of the United Nations Framework Convention on Climate Change (UNFCCC) modalities for REDD+ reporting and additional technical Measurement, Reporting and Verification requirements from different standards for accessing jurisdictional REDD+ results-based payments, focusing on REDD+ reference levels and results reported, illustrating the choices countries have made when constructing their reference levels. Beyond the Green Climate Fund results-based payments pilot programme, jurisdictional REDD+ results-based payment opportunities discussed are the Carbon Fund, the Architecture for REDD+ Transactions, and Verra's Jurisdicitonal and Nested REDD standard. This publication discusses differences between REDD+ results reported to the UNFCCC and REDD+ accounting towards receiving results-based payments, especially differences in volume: 11.5 billion tCO2eq emission reductions are reported to the UNFCCC, while 146 million tCO2eq emission reductions are reported to the Carbon Fund and the Architecture for REDD+ Transactions combined. Though ER reporting to the voluntary carbon market has only recently started and may still increase, its volume is expected to be limited. Potential limiting factors are discussed.The world’s collective progress towards achieving the Paris Agreement and its long-term goals is assessed through the global stocktake. The last part of this publication shows how some countries are using REDD+ reporting to improve their NDCs, BURs and Biennial Transparency Reports. The mitigation potential of REDD+ is discussed in the context of the global stocktake exercise.