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9<br />
Governing Emissions Reduc� on:<br />
REDD+ and Stakeholder Perceptions<br />
of Institutional Legitimacy<br />
102<br />
Changing paradigms of aid eff ec� veness in Nepal<br />
– Dr Tim Cadman<br />
– Dr Tek Maraseni<br />
PERCEPTIONS of climate governance quality vary greatly amongst regime<br />
par� cipants from the global North and South, and across stakeholder sectors,<br />
with implica� ons for the current design and future direc� ons in market-based<br />
approaches to climate change management. Given the predicted social and<br />
environmental problems as a consequence of climate change, it will become<br />
increasingly important to determine whether the policy programmes aimed<br />
at reducing greenhouse gas emissions are solving the problem and changing<br />
behaviour, or whether they are in fact contribu� ng to perverse outcomes.<br />
This paper presents a framework of principles, criteria and indicators for<br />
the evalua� on of the governance of a wide range of sustainable development<br />
funding mechanisms aimed at tackling climate change. The framework<br />
provides a compara� ve analysis of a range of greenhouse gas emission ‘off set’<br />
mechanisms, including the United Na� ons Programme for the Reduc� on of<br />
Emissions from Deforesta� on and Forest Degrada� on (‘REDD+’), built on a<br />
series of surveys of environmental, government and economic stakeholders,<br />
conducted between 2009 and 2010. It fi nds that percep� ons of ins� tu� onal<br />
governance quality varies greatly across the specifi c sectors and regions, but<br />
that, curiously, respondents from the global South rate both mechanisms<br />
higher than those in the global North, irrespec� ve of their sector. The paper<br />
concludes that in the absence of global standards of governance quality it