The Kyoto Protocol is expected to give lead to the creation of an international market for greenhouse gas emission credits having an estimated volume of several tens of billions of dollars. The extent to which forestry projects will be accepted in this market is a matter of current discussion and controversy. In its evaluation of the contribution of forestry projects to climate change mitigation, this book draws together a number of relevant aspects, including the stability of international agreements, causes and consequences of deforestation, and the CO2 effect of forestry projects. This wide perspective gives an appreciation of often unappreciated problems and opportunities associated with forestry projects in the context of climate change. The book includes case studies of two forestry projects which provide an introduction to such concepts as baseline, additionality, and leakage - concepts that are commonly used to assess greenhouse gas mitigation projects.
1 Climate Change, International Negotiations and Precious Woods.- 1.1 Introduction.- 1.2 Climate Change.- 1.3 International Negotiations on Climate Change.- 1.4 Precious Woods.- 1.5 Summary and Conclusion.- 2 Climate Change: Three Major Economic Issues.- 2.1 Introduction.- 2.2 Climate Change as a Cooperation Problem.- 2.3 Benefits and Costs of CO2 Abatement.- 2.4 Instruments.- 2.5 Summary and Conclusion.- 3 Deforestation: Extent, Causes and Consequences.- 3.1 Introduction.- 3.2 Extent of Deforestation in the Tropics.- 3.3 Causes of Deforestation.- 3.4 Consequences of Deforestation.- 3.5 Summary and Conclusion.- 4 Forest Use and the Determinants of Sustainability.- 4.1 Introduction.- 4.2 Sustainability.- 4.3 Optimal Management if Firms maximise Profit per Unit of Land.- 4.4 Optimal Management: Moving Settlers.- 4.5 Summary and Conclusion.- 5 The CO2 Effect of Precious Woods.- 5.1 Introduction.- 5.2 Methodology.- 5.3 CO2 Effect of Precious Woods Costa Rica.- 5.4 The CO2 Eppect of Precious Woods Brazil.- 5.5 Selling Carbon Sequestration via JI/CDM.- 5.6 Summary and Conclusion.- 6 Lessons from Precious Woods.- 6.1 Introduction.- 6.2 Reforestation.- 6.3 Reducing Deforestation in Brazil.- 6.4 Summary and Conclusion.- 7 Conclusion.- Appendix 1.- Appendix 2.- Appendix 3.- Appendix 4.
'Overall, Kagi's book can be recommended to anyone interested in the intricacies of CDM sinks projects and the debate that is going to start soon about their detailed criteria.' Climate Policy, 2:1 (2002)