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Cash for carbon: hot prospect or hot air?
Colin HuntVisiting Fellow in Economics The University of Queensland
NRI Diploma in Economic Policy Analysis Policy for REDD ___________________________________________
REDD and REDD plus
REDD Reduction in deforestation
and forest degradation
REDD++ Low impact
logging, enrichment planting,
etc.
Global greenhouse gas sources
Energy66%
In-dus-try4%
Agriculture14%
Land use
change &
Forestry
12%
Waste3%
PNG’s UNFCCC post-Copenhagen submission
1. Increase GDP per capita more than 3 times by 2030
2. Decrease GHG emissions at least 50% before 2030
2 February 2010
Opportunity cost of REDD
Logging companies (profits)
The government (log export tax)
Landowners (royalties and development benefits)
1. Global (UNFCCC) market for C
Demand for C because of caps
buyers and sellers of C
MRV C $
landowners