This paper reviews the potential for multiple benefits that might be attained by reducing emissions from deforestation (RED) through a mechanism developed under the UNFCCC. These benefits are relevant to national commitments under several environmental and sustainable development conventions and instruments, and may not be directly correlated with reduced carbon emissions. The design of the mechanism and its implementation will affect the degree to which these other benefits, such as biodiversity conservation, livelihoods, watershed protection and other ecosystem goods and services, are obtained.
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