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18 N.Y.U. Envtl. L.J. 507 (2010-2011)
Using Carbon Rights to Curb Deforestation and Empower Forest Communities

handle is hein.journals/nyuev18 and id is 513 raw text is: USING CARBON RIGHTS TO CURB DEFORESTATION AND EMPOWER FOREST COMMUNITIES MARON GREENLEAF* INTRODUCTION On June 26, 2009, the House of Representatives passed the American Clean Energy and Security Act' (ACESA or the Act). The Act is the first piece of legislation regulating greenhouse gas (GHG) emissions to pass either house of Congress. With provisions establishing an emissions trading system, minimum renewable energy requirements, efficiency and electricity grid improvements, and funding for energy development, the 1200-plus page Act is ambitious and its provisions controversial. In the massive media and policy debate surrounding its passage, few commentators focused on the provisions designed to halt international deforestation and attendant GHG emissions. Sections 743(d) and 751 through 756-the main parts of the Act addressing deforestation-would create a comprehensive program to reduce deforestation and degradation through a mixture of direct funding and integration into the broader carbon market established by the Act. In passing ACESA with these provisions, the House joined a growing number of institutions attempting to reduce emissions from deforestation and degradation (REDD) in order to combat climate change. This acronym has become shorthand for the myriad plans to minimize GHG emissions from the forestry sector, and it is used in this Note to describe all efforts aimed at reducing * J.D., 2010, New York University School of Law; B.A., Yale University. The author is now pursuing a Ph.D. in anthropology at Stanford University, where she studies climate change and deforestation in Southeast Asia. She would like to thank Dean Richard Revesz and Professor Katrina Wyman for encouraging her interest in environmental law and policy, Professor Jacob Werksman for his feedback on this Note, Justin Mankin for his continual support, and the tireless staff of the N.Y.U. Environmental Law Journal. H.R. 2454, 111th Cong. (2009). 507 Imaged with Permission from NYU Environmental Law Journal

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