Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian Projects
Reduced Emissions from Deforestation and Forest Degradation (REDD+) has received strong support as a major component of future global climate change policy. The financial mechanism of REDD+ is payment for the ecosystem service of carbon sequestration in tropical forests that is expected to create in...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Resilience Alliance
2013-03-01
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| Series: | Ecology and Society |
| Subjects: | |
| Online Access: | http://www.ecologyandsociety.org/vol18/iss1/art17/ |
| _version_ | 1819118671777234944 |
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| author | Olivia R. Rendón Thompson Jouni Paavola John R. Healey Julia P.G. Jones Timothy R. Baker Jorge Torres |
| author_facet | Olivia R. Rendón Thompson Jouni Paavola John R. Healey Julia P.G. Jones Timothy R. Baker Jorge Torres |
| author_sort | Olivia R. Rendón Thompson |
| collection | DOAJ |
| description | Reduced Emissions from Deforestation and Forest Degradation (REDD+) has received strong support as a major component of future global climate change policy. The financial mechanism of REDD+ is payment for the ecosystem service of carbon sequestration in tropical forests that is expected to create incentives for conservation of forest cover and condition. However, the costs of achieving emissions reduction by these means remain largely unknown. We assess the set-up, implementation, and monitoring costs, i.e., collectively the transaction costs, of six of the first seven REDD+ project designs from the Peruvian Amazon and compare them with established projects in Brazil and Bolivia. The estimated costs vary greatly among the assessed projects from US$0.16 to 1.44 ha-1 yr-1, with an average of US$0.73 ha-1 yr-1, though they are comparable to earlier published estimates. The results indicate that the costs of implementing REDD+ are highly uncertain for participating developing countries because of issues such as inadequate project design and how additionality is determined. Furthermore, some insight is obtained into how different activities to reduce deforestation and forest degradation, the type of implementer, and project location affect implementation costs of REDD+ projects. Even with these first estimates, the cost of preserving existing intact forests in the Peruvian Amazon may have been underestimated. |
| first_indexed | 2024-12-22T05:52:35Z |
| format | Article |
| id | doaj.art-3fb030a8e9124de8812ba9f0de655d3c |
| institution | Directory Open Access Journal |
| issn | 1708-3087 |
| language | English |
| last_indexed | 2024-12-22T05:52:35Z |
| publishDate | 2013-03-01 |
| publisher | Resilience Alliance |
| record_format | Article |
| series | Ecology and Society |
| spelling | doaj.art-3fb030a8e9124de8812ba9f0de655d3c2022-12-21T18:36:50ZengResilience AllianceEcology and Society1708-30872013-03-011811710.5751/ES-05239-1801175239Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian ProjectsOlivia R. Rendón Thompson0Jouni Paavola1John R. Healey2Julia P.G. Jones3Timothy R. Baker4Jorge Torres5Centre for Climate Change Economics and Policy (CCCEP)Centre for Climate Change Economics and Policy (CCCEP)School of Environment, Natural Resources and Geography, Bangor UniversitySchool of Environment, Natural Resources and Geography, Bangor UniversitySchool of Geography, University of LeedsSustainable Forestry Management Ltd. and Bosques Amazónicos (SFM-BAM S.A.C)Reduced Emissions from Deforestation and Forest Degradation (REDD+) has received strong support as a major component of future global climate change policy. The financial mechanism of REDD+ is payment for the ecosystem service of carbon sequestration in tropical forests that is expected to create incentives for conservation of forest cover and condition. However, the costs of achieving emissions reduction by these means remain largely unknown. We assess the set-up, implementation, and monitoring costs, i.e., collectively the transaction costs, of six of the first seven REDD+ project designs from the Peruvian Amazon and compare them with established projects in Brazil and Bolivia. The estimated costs vary greatly among the assessed projects from US$0.16 to 1.44 ha-1 yr-1, with an average of US$0.73 ha-1 yr-1, though they are comparable to earlier published estimates. The results indicate that the costs of implementing REDD+ are highly uncertain for participating developing countries because of issues such as inadequate project design and how additionality is determined. Furthermore, some insight is obtained into how different activities to reduce deforestation and forest degradation, the type of implementer, and project location affect implementation costs of REDD+ projects. Even with these first estimates, the cost of preserving existing intact forests in the Peruvian Amazon may have been underestimated.http://www.ecologyandsociety.org/vol18/iss1/art17/additionalityAmazonPeruREDD+set-upimplementationand monitoring coststransaction costs |
| spellingShingle | Olivia R. Rendón Thompson Jouni Paavola John R. Healey Julia P.G. Jones Timothy R. Baker Jorge Torres Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian Projects Ecology and Society additionality Amazon Peru REDD+ set-up implementation and monitoring costs transaction costs |
| title | Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian Projects |
| title_full | Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian Projects |
| title_fullStr | Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian Projects |
| title_full_unstemmed | Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian Projects |
| title_short | Reducing Emissions from Deforestation and Forest Degradation (REDD+): Transaction Costs of Six Peruvian Projects |
| title_sort | reducing emissions from deforestation and forest degradation redd transaction costs of six peruvian projects |
| topic | additionality Amazon Peru REDD+ set-up implementation and monitoring costs transaction costs |
| url | http://www.ecologyandsociety.org/vol18/iss1/art17/ |
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