REDD and PINC: A new policy framework to fund tropical forests as global 'eco-utilities'

Trivedi, M. R., Mitchell, A. W., Mardas, N., Parker, C., Watson, J. E. and Nobre, A. D. (2009). REDD and PINC: A new policy framework to fund tropical forests as global 'eco-utilities'. In: Beyond Kyoto: Addressing the Challenges of Climate Change - Science Meets Industry, Policy and Public. Conference on Beyond Kyoto: Addressing the Challenges of Climate Change Science Meets Industry, Policy and Public, Aarhus, Denmark, (). 5-7 March 2009. doi:10.1088/1755-1315/8/1/012005


Author Trivedi, M. R.
Mitchell, A. W.
Mardas, N.
Parker, C.
Watson, J. E.
Nobre, A. D.
Title of paper REDD and PINC: A new policy framework to fund tropical forests as global 'eco-utilities'
Conference name Conference on Beyond Kyoto: Addressing the Challenges of Climate Change Science Meets Industry, Policy and Public
Conference location Aarhus, Denmark
Conference dates 5-7 March 2009
Convener IOP
Proceedings title Beyond Kyoto: Addressing the Challenges of Climate Change - Science Meets Industry, Policy and Public   Check publisher's open access policy
Series IOP Conference Series: Earth and Environmental Science
Place of Publication Bristol, United Kingdom
Publisher Institute of Physics Publishing
Publication Year 2009
Sub-type Fully published paper
DOI 10.1088/1755-1315/8/1/012005
Open Access Status DOI
ISSN 1755-1307
Volume 8
Issue 1
Total pages 11
Language eng
Abstract/Summary Tropical forests are 'eco-utilities' providing critical ecosystem services that underpin food, energy, water and climate security at local to global scales. Currently, these services are unrecognised and unrewarded in international policy and financial frameworks, causing forests to be worth more dead than alive. Much attention is currently focused on REDD (Reducing Emissions from Deforestation and forest Degradation) and A/R (Afforestation and Reforestation) as mitigation options. In this article we propose an additional mechanism – PINC (Proactive Investment in Natural Capital) – that recognises and rewards the value of ecosystem services provided by standing tropical forests, especially from a climate change adaptation perspective. Using Amazonian forests as a case study we show that PINC could improve the wellbeing of rural and forest-dependent populations, enabling them to cope with the impacts associated with climate change and deforestation. By investing pro-actively in areas where deforestation pressures are currently low, the long-term costs of mitigation and adaptation will be reduced. We suggest a number of ways in which funds could be raised through emerging financial mechanisms to provide positive incentives to maintain standing forests. To develop PINC, a new research and capacity-building agenda is needed that explores the interdependence between communities, the forest eco-utility and the wider economy.
Keyword Land-Use
Climate-Change
Amazon
Deforestation
Conservation
Biodiversity
Drought
Adaptation
Northern
Cycle
Q-Index Code E1
Q-Index Status Provisional Code
Institutional Status UQ

 
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