Is reducing emissions from deforestation financially feasible? A Panamanian case study

Autor: Catherine Potvin, Lucio Pedroni, Bruno Guay
Rok vydání: 2008
Předmět:
Zdroj: Climate Policy. 8:23-40
ISSN: 1752-7457
1469-3062
DOI: 10.3763/cpol.2007.0386
Popis: Since 2005, negotiations aiming at reducing emissions from deforestation in developing countries (REDD) are ongoing in the UN Framework Convention on Climate Change. Two breeds of proposed REDD mechanisms are examined: market- or fund-based. Using Panama as a case study, the comparative ability of these types of mechanisms is assessed for addressing developing countries' concerns. In Panama, the protection of 5,000 ha of forest land corresponds to an annual reduction in emissions of 3,320,000 tCO2e with a break-even opportunity cost of US$3,678,594. The additional costs of protection, transaction and administration would augment the overall cost by 25%. The total yearly cost of REDD for Panama would be comparable to the country's total spending for protected areas in 2005 of ∼US$3.5 million. Thus, implementing a REDD programme would double the conservation expenses of that country, underlying the crucial need to identify sufficient funding sources to sustain REDD. Our analysis suggests that none of the cu...
Databáze: OpenAIRE