Can REDD+ save the forest? The role of payments and tenure
The success of REDD+ depends on whether it can be economically viable and if any resulting payments are sufficient to cover the opportunity cost plus any transaction cost. Where tenure security over forested areas is weak, REDD+ can pose a risk for forest communities, who could be dispossessed, excluded and marginalised. This review explores how payment for avoided deforestation and forest tenure impact the success of REDD+ projects in terms of effectiveness, efficiency and equity.