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Adaptation case studies.pdf - RECOFTC

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way to achieving this; but gaps remain, particularly in direct market access, which need to beaddressed. Without clear and immediate incentives to offset opportunity costs, there is thereal threat of escalation in illegal logging and incursion of agro-industrial plantations.In addition to the non-financial benefits the REDD+ pilot project is generating, such asimproved tenure security, participatory processes, and livelihood development, the projectalso plans to generate direct financial benefits from the sale of Verified Emission Reductioncredits. However, given uncertainties over the development of a compliance market andvoluntary carbon market prices, project proponents have been prudent in focusing more on thenon-financial benefits generated.25

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