Opportunities and challenge for a carbon market for the Philippine forestry sector

Issue Date

2001

Abstract

The paper discusses the used 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 i Clean Development Mechanism (CDM) projects. However, there is no certainty yet whether land use change and forestry (LUCF) projects will qualify under CDM. The paper argues that a domestic carbon market can be created since the legal bases already exist 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 emission credits. Prospective participants in the forestry sector are private land tree plantation growers, holders of Integrated Forest Management Agreement (IFMA), Socialized Industrial Forest Management Agreement (SIFMA). Community-Based Forest Management Agreement (CBFMA), indigenous peoples, and local governments, among others.

Source or Periodical Title

Journal of Environmental Science and Management

ISSN

0119-1144

Volume

4

Issue

1-2

Page

14-28

Document Type

Article

College

School of Environmental Science and Management (SESAM)

Frequency

annually

Physical Description

graphs

Language

English

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