Costa Rica and the World Bank sign novel REDD+ agreement
by Florencia Franzini [caption id="attachment_5469" align="alignnone" width="400"] Members of the Costa Rican government, including president Laura Chinchilla, and representatives from the World Bank sign a landmark REDD+ agreement. Photo Credit: the World Bank.[/caption] On September 10, 2013, Costa Rica and the World Bank, acting for the Forest Carbon Partnership Facility, signed a letter of intent stating the terms of negotiation for its Emissions Reduction Payment Agreement. The ERPA would allow for the FCPF to purchase carbon emissions, or “carbon credits,” for up to a value of $63 million – making...