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
Recommended Citation
Lasco, Marie Christine D. and Sumalde, Zenaida M., "Financial and economic evaluation of carbon dioxide (Co₂) Mitigation options in the Philippines forestry sector" (2002). Journal Article. 5316.
https://www.ukdr.uplb.edu.ph/journal-articles/5316