Description
Deforestation contributes about one-fifth of all human-made emissions of carbon dioxide (CO2), the principal greenhouse gas that leads to global warming and climate change. Preventing deforestation could therefore be highly significant in averting climate change. Recently there have been strong moves to include the reduction of CO2 emissions from deforestation and forest degradation within international frameworks for action on climate change. In general, deforestation and degradation are the result of a combination of market, policy and governance failures, which make it more profitable to fell trees rather than to keep them.
This paper provides an overview of these issues and discusses a range of carbon finance issues that are being considered to address the problem of deforestation and forest degradation. In particular, the paper considers the role of forests in climate change mitigation and adaptation, and how ‘forest carbon finance’ can contribute to sustainable forest management. The paper also considers the state of Commonwealth forests; and identifies some key questions to consider when drawing up national programmes.
Contents
Commonwealth Forests and Climate Change
Migration and Sustainable Forest Management
Reduced Emissions from Deforestation and Forest Degradation (REDD)
Forest Carbon Finance: Current Market Situation and Potential
Key Questions for National Carbon Finance Initiatives
How can a country ensure CDM projects are good for sustainable development?
How can voluntary market projects be encouraged?
Is it worth developing a REDD programme?
How could a national REDD programme be forward financed?
How could a pro-poor REDD strategy be promoted?
Would REDD result in sustainable forest management?
Adaptation and Sustainable Forest Management
Funding
SFM Potential
Synergies and Trade-offs between Adaptation and Mitigation Projects
Concluding Remarks
Further Reading
Acronyms