Reducing emissions from deforestation and forest degradation plus (REDD+) in the Philippines: will it make a difference in financing forest development?

TitleReducing emissions from deforestation and forest degradation plus (REDD+) in the Philippines: will it make a difference in financing forest development?
Publication TypeJournal Article
Year of Publication2012
AuthorsLasco RD, Veridiano RKA, Habito M, Pulhin FB
JournalMitigation and Adaptation Strategies for Global Change
Pagination1-16
Date Published07/2012
Type of ArticleJournal article
ISSN1381-2386
Keywordscarbon, EU, Financing, forest, mitigation, philippines, Publications, REDD Alert, REDD-ALERT
AbstractThere is a high level of interest in reducing emissions from deforestation and forest degradation plus (REDD+) carbon (C) financing as a way to accelerate forest conservation and development. However, there is very limited information on the potential costs and benefits of REDD+ in developing countries like the Philippines. In this paper, we estimated the range of likely financial benefits of REDD+ implementation in the country under various forest degradation and mitigation scenarios. Our findings show that reducing the rate of forest degradation by a modest 5 to 15 % annually while increasing the doubling the rate of reforestation to 1.5 % annually could reduce C emissions by up to about 60 million t C by 2030. These are equivalent to US$ 97 to 417 million of mean C credits annually at US$ 5 per ton C. These figures are much higher than the total budget of the government and official development assistance for forestry activities in the country which amounted to US$ 46 million in 2005 and US$ 12 million in 2006, respectively. We conclude that REDD+ C credits could be a significant source of financing for forestry projects in developing countries like the Philippines.
URLhttp://www.springerlink.com/content/853732660198127n/
DOI10.1007/s11027-012-9411-5