Using carbon finance to support climate policy objectives in high mountain ecosystems

Ward, Adrian, Dargusch, Paul, Grussu, Giorgio and Romeo, Rosalaura (2015) Using carbon finance to support climate policy objectives in high mountain ecosystems. Climate Policy, 1-20. doi:10.1080/14693062.2015.1046413

Author Ward, Adrian
Dargusch, Paul
Grussu, Giorgio
Romeo, Rosalaura
Title Using carbon finance to support climate policy objectives in high mountain ecosystems
Journal name Climate Policy   Check publisher's open access policy
ISSN 1752-7457
Publication date 2015-06-04
Sub-type Article (original research)
DOI 10.1080/14693062.2015.1046413
Start page 1
End page 20
Total pages 20
Place of publication London, United Kingdom
Publisher Earthscan
Collection year 2016
Language eng
Formatted abstract
Carbon markets and climate finance payments are being used to incentivize the mitigation of CO2 arising from anthropogenic land-use change in forests, marine ecosystems, and lowland grasslands. However, no such consideration has been given to how these ‘carbon finance incentives’ might be applied to mountain grasslands and shrublands, ecosystems that contain a substantial amount of carbon. These incentives amount to more than US$350 billion per annum and could potentially support underfunded natural resource management (NRM) activities, which are urgently needed to address numerous stressors impacting these important ecosystems. In the mountain context, NRM activities could include adaptive grazing management, sustainable cropping, ecosystem preservation, ecosystem restoration, and engineered soil conservation measures. This article investigates the stressors, challenges, and priorities related to the NRM of carbon stocks in mountain grasslands and shrublands; why carbon markets and climate finance have not yet been utilized in this context; and, what is required to position mountain-based NRM activities as eligible for carbon finance incentives. Using surveys and interviews triangulated with a systematic literature review, the study found that carbon finance incentives are not well understood, both amongst mountain-focused experts and in the literature. The study also found the required technical methodologies, policy frameworks, and data to be largely undeveloped. This article proposes a top-down conceptual policy framework that can be used to develop key ‘enabling factors’ with the view of extending the eligibility of carbon markets and climate finance to NRM activities undertaken in mountain grasslands and shrublands in the same way that has been afforded to other ecosystems.
Keyword Carbon finance
Climate change mitigation
Economic incentives
Environmental management
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Published online 4 June 2015.

Document type: Journal Article
Sub-type: Article (original research)
Collections: School of Geography, Planning and Environmental Management Publications
Official 2016 Collection
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