Financial and economic evaluation of carbon dioxide (CO2) mitigation options in the Philippine forestry sector
2002
Lasco, M.C.D. | Sumalde, Z.M. (Philippines Univ. Los Banos, College, Laguna (Philippines). Coll. of Economics and Management)
The worldwide problem posed by climate change has caused interest in activities that mitigate CO2 and other greenhouse gases. Forestry-based projects have been acknowledged to be a cost-effective means of carbon (C) mitigation, especially when done in developing countries. This study looked into three mitigation activities, namely forest protection, reforestation and plantation establishment, and evaluated the costs and benefits of these options from a financial and an economic perspective. Over a period of 25 years, forest protection can sequester 57.3 t C/ha, while reforestation and plantation can sequester 146.7 t C/ha and 7.1 t C/ha, respectively. The profitability of C projects depends on how much C is valued. Findings suggest that the cost of C mitigation in the Philippines is competitive with that of other Asian countries. A National Action Plan on Climate Change, which incorporates forest-based mitigation with other components of climate change responses should be formulated. This study considered only on-site impacts and excluded valuation of environmental co-benefits. Further research could incorporate valuation of environmental co-benefits and include risk and leakage assessment
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Este registro bibliográfico ha sido proporcionado por University of the Philippines at Los Baños