Opportunities and challenges for a carbon market for the Philippines forestry sector

Issue Date

2001

Abstract

The paper discusses the need for a carbon market in the Philippines and evaluates the opportunities for Philippines forestry projects to participate in the international and domestic trades for carbon. Under the Kyoto Protocol, developing countries like the Philippines can participate in Clean Development Mechanism (CDM) projects. However, there is no certainty yet wether 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 Environment Impact Statement (EIS) system and the Philippine Clean Air Act 1999. it is proposed that the forestry sector work viginlantly 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 goverments, among others.

Source or Periodical Title

Journal of Environmental Science and Management

Volume

4

Issue

1-2

Page

14-28

Document Type

Article

Frequency

annually

Physical Description

tables, figures

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