Can carbon trading cut emissions by protecting Asia's remaining forests?
SHANGHAI -- Seven years after Costa Rica and Papua New Guinea called on the world to combat climate change by saving vanishing forests in the tropics, the marriage between emissions trading and forest protection has grown into something more than wedding vows, but it is still far away from generating a baby. That marriage was blessed by an international mechanism called REDD, short for Reducing Emissions from Deforestation and Forest Degradation. Through REDD, developed countries pay developing countries for keeping trees standing. While global negotiators are still discussing how to do this, some steps have already been taken on the ground.