Climate Change and Forests: Emerging Policy and Market by Charlotte Streck, Robert O'Sullivan, Toby Janson-Smith,

By Charlotte Streck, Robert O'Sullivan, Toby Janson-Smith, Richard Tarasofsky

As soon as the province of imagine tanks, lecturers, and worldwide enterprises akin to the UN, weather switch has eventually penetrated the area s cognizance. up to now, overseas recognition has targeted totally on the economic and effort sectors. even though, the agriculture, forestry, and land use region is an enormous motive force of the weather swap challenge and, hence, has to be a vital part of the answer. during this wide-ranging quantity, foreign specialists clarify the hyperlinks among weather switch and forests, highlighting the aptitude function of this zone inside rising weather coverage frameworks and carbon markets. After framing forestry actions in the better context of climate-change coverage, the individuals study the operation and efficacy of market-based mechanisms for wooded area conservation and weather swap. Drawing on venture examples from all over the world, the authors current concrete suggestions for policymakers, undertaking builders, and marketplace individuals. They speak about sequestration rights in Chile, carbon offset courses in Australia and New Zealand, and rising coverage incentives in any respect degrees of the U.S. executive. The booklet additionally explores the various voluntary schemes for carbon crediting, presents an outline of carbon accounting most sensible practices, and provides instruments to be used in destiny sequestration and offset courses. It concludes through contemplating various incentive thoughts for slowing deforestation and retaining the realm s final forests.

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15. Parties to CITES are required to monitor trade in endangered species and to report their trade records, which are compiled to inform the public about the global volume of trade in listed species. The treaty is enforced through reports on alleged infractions. See R. Bonnie, M. Carey, and A. Petsonk, “Protecting Terrestrial Ecosystems and the Climate through a Global Carbon Market,” Philosophical Transactions of the Royal Society of London, Series A, 360 (2002): 1853–73. 16. M. Wells and K. Brandon, “People and Parks: Linking Protected Area Management with Local Communities,” World Bank, Washington, 1992.

We briefly highlight the mechanisms proposed to implement such an approach and discuss their potential to reduce emissions from deforestation. 28 Tropical forests play a crucial role in regulating the global carbon cycle; they take up carbon from the atmosphere and accumulate it in their biomass. When forests are destroyed, the carbon they store is released into the air, the idea of market-based mechanisms 23 Table 2-3. Market Values and Volumes of Regulatory and Voluntary Carbon Markets, 2005 and 2006 2005 Market Regulatory Kyoto Protocol CDM EU Emissions Trading Scheme New South Wales Abatement Scheme, Australia Voluntary Voluntary retail carbon market Chicago Climate Exchange 2006 Market value Volume (millions of $) (Mt CO2 ) a Market value Volume (millions of $) (Mt CO2 ) 2,417 7,908 341 321 5,477 24,357 508 1,101 59 6 225 20 44 3 6 1 100 38 >10 10 Source: K.

Costantino, “Financing Environmental Services: The Costa Rican Experience and Its Implications,” Science of the Total Environment 240 (1999): 157–69. the idea of market-based mechanisms 27 9. ” 10. G. Heal, Nature and the Marketplace: Capturing the Value of Ecosystem Services (Washington: Island Press, 2000). 11. S. Pagiola, J. Bishop, and N. , Selling Forest Environmental Services: Market-Based Mechanisms for Conservation and Development (London: Earthscan, 2002). 12. E. B. Barbier, “Valuing Environmental Functions: Tropical Wetlands,” Land Economics 70, no.

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