This is what the UN's REDD+ program does. The program has been running for a while now with some success but there are some major challenges: 1. The program re

This is what the UN's REDD+ program does. The program has been running for a while now with some success but there are some major challenges: 1. The program relies on enforcement of property rights and environmental regulation so that illegal deforestation doesn't increase to compensate 2. "Leakage". Forest A is protected but Forest B is then logged instead. 3. Indigenous rights need to be respected and frequently aren't. This bloke [1] for example bought 50% of the carbon rights from indigenous Peruvians who can't even read or write. 4. There are concerns about greenwashing. [2] Norway is by far the biggest contributor to REDD+ with over $2.5bn contributed... but they are also the world's 5th biggest oil exporter. These challenges can probably be overcome with better oversight and greater commitment from the international community, but the desire just doesn't seem to be there. [1] https://web.archive.org/web/20121113114554/http://sixtyminutes.ninemsn.com.au/stories/8495029/the-carbon-cowboy https://web.archive.org/web/20121113114554/http://sixtyminut... [2] https://redd-monitor.org/2019/01/08/norways-support-for-redd-the-new-colonialism-and-the-failure-of-democracy/ https://redd-monitor.org/2019/01/08/norways-support-for-redd...