Financial and economic evaluation of carbon dioxide (Co₂) Mitigation options in the Philippines forestry sector

Issue Date

2002

Abstract

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) mitiligation, especially when done in developing countries. This study looked inti 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 57.3t C/ha, while reforestation and plantation can suquester 146.7t C/ha and 7.1t 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 resonses should be formulated.

This study considered only on-site impacts and excluded valuation of enviromental co-benefits. Further research could incorporate valuation of environmental co-benefits and include risk and leakage assessment.

Source or Periodical Title

Journal of Environmental Science and Management

ISSN

0119-1144

Volume

5

Issue

1-2

Page

39-59

Document Type

Article

Frequency

annually

Physical Description

tables, graph

Language

English

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