This paper investigates the relationship between payments made under the REDD+ umbrella (Reducing Emissions from Forest Degradation and Deforestation plus conservation, sustainable management of forests and enhancement of forest carbon stocks) and the quality of institutions in countries that are expected to receive these payments. Using scatter plots and simple correlation analysis, we can see that countries receiving the most significant REDD+ payments (at least in relative terms) have the poorest quality of institutions. Although the REDD+ concept has evolved significantly since a similar analysis was carried out by Ebeling and Yasué in 2008, the institutional problems have remained equally important. This is also in line with the recently formulated "ecosystem service curse" and "REDD paradox" hypotheses, whereby payments for ecosystem services (including those offered within REDD+) might lead to socio-economic problems in recipient countries.
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