To trade or not to trade: opportunities and challenges for a carbon market for the Philippine forestry sector
2003
Calderon, M.M. (Philippines Univ. Los Banos, College, Laguna (Philippines). Coll. of Forestry and Natural Resources)
The paper discusses the need for a carbon market in the Philippines and evaluates the opportunities for Philippine forestry projects to participate in the international and domestic trades for carbon. Under the Kyoto Protocol, developing countries like the Philippines can participate in Clean Development Mechanism (CDM) projects. Prospects are bright now that reforestation and afforestation projects are already eligible as land use change and forestry (LUCF) projects under CDM. The paper points out that a domestic carbon market can be created since the legal bases already exists through the Environmental Impact Statement (EIS) system and the Philippine Clean Air Act of 1999. It is proposed that the forestry sector work vigilantly for the inclusion of forestry projects as a way of mitigating negative environmental impacts and gaining emissions credits. Prospective participants in the forestry sector are private land tree plantation growers, holder of Integrated Forest Management Agreement (IFMA), Socialized Industrial Forest Management Agreement (SIFMA), Community-Based Forrest Management Agreement (CBFMA), indigenous peoples, and local governments, among others
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