According to the publication, “The Little REDD Book”, the basic idea behind Reducing Emissions from Deforestation and Degradation (REDD) is simple: Developing countries that are willing and able to reduce emissions from deforestation should be financially compensated for doing so.5 However, according to many Indigenous Peoples, REDD is CO2lonialism of Forests because it allows Northern polluters to buy permits to pollute or “carbon credits” by promising not to cut down forests and plantations in the South.
http://www.ienearth.org/REDD/index.html