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Policy Brief T he push for greater climate action is yielding unprecedented interest in nature-based solutions (NBS).Many countries are now poised to implement national programs to reduce emissions from deforestation and forest degradation (REDD+), 1 as well as other land-based emissions reductions, removals and avoidance initiatives using market instruments, bilateral agreements, or results-based payment schemes. 2 Meanwhile, as the world anticipates the finalization of the "rulebook" for international emissions trading under Article 6 of the Paris Agreement, countries and corporations are increasingly turning to voluntary markets and other "cooperative approaches" to help meet their emissions reduction targets 3 and net zero commitments.4 Key Findings
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