This bulletin provides an overview of recent discussions about the impact of corruption on environmental governance, with a focus on emissions trading. It reviews new definitions and the latest corruption assessment methodologies in order to emphasise the broader challenges faced by GHG trading mechanisms and climate finance.

MRV – Measurement/Monitoring, Reporting and Verification - is commonly understood as a series of processes to quantify GHG emission and their change over time. It is a key instrument to understand the level of emissions and the impact of actions aimed at changing emission levels.

India’s forests are facing immense pressure due to unsustainable use of forest produce. Poverty and forest degradation are inextricably linked and curbing forest degradation requires convergence of various poverty alleviation policies and schemes.

REDD+ has become an important component in the discussions on climate change and forest governance, but there is further need to understand the linkages with local governance and the challenges for its implementation.

The ‘Economics of forest and forest carbon projects - Translating lessons learned into national REDD+ implementation’ report draws lessons on finance options and barriers related to project activities from the forest sector.