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In this webinar, Jonah Busch, Research Fellow at Center for Global Development, discusses how an international REDD+ mechanism can be used to make payments for forests' biodiversity as well as for carbon emission reduction. Paradoxically, under conditions consistent with emerging REDD+ programmes, money spent on a mixture of carbon payments and biodiversity payments can incentivize the provision of greater climate benefits than an equal amount of money spent only on carbon payments.