Valuing REDD+ Activities: Key Differences between Market-Based Credits & Results-Based Payments

How can REDD+ be financed? Released in April 2023, this paper from IETA explains the differences between a carbon credit used in a market-based system such as Article 6 of the Paris Agreement and the VCM versus REDD+ results created through Article 5 of the Paris Agreement, which was designed for results-based payments.