Uganda: Carbon finance may not benefit forest communities

Uganda has lost more than two million hectares of forest since 1990, mostly converted to farmland by a growing population of smallholders. Carbon finance through the REDD programme is often presented as one way to arrest this destruction, but only if the benefits clearly translate to the grassroots. Almost a fifth of greenhouse gas emissions worldwide comes from the destruction of forests – second only to the energy sector. The idea behind REDD – reduced emissions from deforestation and forest degradation – is to give carbon stored in forests a financial value; financing the protection of forests in developing countries like Uganda with money raised from selling carbon stored in those trees to polluters in the developed world.