OFAC
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A series of activities aiming to modify the dynamics of deforestation and/or forest degradation and/or to increase forest carbon stocks, within a delimited geographical area, in order to reduce greenhouse gas emissions linked to these dynamics. A results based compensation mechanism ( based on funds or carbon market) has been put into place to validate and encourage these reductions. The emissions must be measured, monitored and validated according to a methodology previously approved by an internationally recognized institution. Reductions in greenhouse gas emissions are measured according to a plausible reference level previously established according to the methodology enforced by the host country.
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An initiative bearing direct or indirect impact on greenhouse gas emissions due to deforestation and/or forest degradation, sustainable future and increase of forest carbon stocks, in the short or medium term, and proposed to be inserted in the national REDD+ strategy.