ART Opens a New Way for Jurisdictional REDD+
The Architecture for REDD+ Transactions (ART) is a global initiative that seeks to incentivize governments to reduce emissions from deforestation and forest degradation (REDD), as well as restore forests and protect intact forests (+). ART is a standalone program independent of governments or donor countries. ART’s mission is to serve as a global quality benchmark for jurisdictional REDD+, providing the confidence needed in the integrity of emission reductions and removals from forest protection and restoration to unlock finance at scale for ambitious climate action and to incentivize governments to achieve those results.
ART’s standard for measurement, monitoring, reporting and verification is called TREES Standard. ART claims that this standard is fully aligned with requirements in the Paris Agreement and incorporates market elements that enhance confidence in results. This allowsfor TREES credits to be fungible with credits from other sectors and to attract finance at the scale needed to protect and restore forests globally.
All TREES Credits are serialized and labelled as emission reductions, removals, or High-Forest, Low Deforestation (HFLD) credits. TREES Credits that are authorized by host countries for international transfer and TREES Credits that have Corresponding Adjustments are also labelled in the ART Registry. The ART Registry includes public reports of TREES Credit status, including issuance, retirements and cancellations.
Home – ART Architecture for REDD+ Transactions (artredd.org)
TREES – ART Architecture for REDD+ Transactions (artredd.org)