International
Climate Initiative (IKI)

This project aimed to achieve significant emission reductions (ER) by preventing deforestation in the Brazilian state of Acre. Hence, it seeked to demonstrate the implementation of a performance-based REDD+ approach and to generate new insights for the climate negotiation process. This interim REDD+ financing approach was in accordance with UNFCCC requirements in contributing to climate change mitigation by preserving forests. Achieved deforestation emission reductions were rewarded ex-post, based on a historic deforestation baseline using data from the Brazilian surveillance system PRODES by the national space agency INPE. The measure was expected to result in GHG mitigation payments for 2.3 m t CO2 (the monetary value depends on the exchange rate, since compensated in USD).