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Building Institutions to Trade Ecosystem Services: Marketing Forest Carbon in Mexico

  • Corbera, Esteve
  • Brown, Katrina
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    Summary This paper analyzes institutional design, organizational capacity, and interplay in markets for ecosystem services. It examines the development of a market-based mechanism to commercialize forest carbon in Mexico through the Clean Development Mechanism (CDM). This is compared with a State-run carbon forestry program aiming to provide emission rights to voluntary, retail-based, carbon markets. Marketing forest carbon is hampered by lack of organizational capacity in government and civil society, uncertainties in the international policy process, and the interplay with existing common property institutions in rural Mexico. The paper identifies theoretical and practical barriers to implementing institutional arrangements for forest carbon trading.

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    File URL: http://www.sciencedirect.com/science/article/B6VC6-4T24FVT-2/2/90a7505fc453c1986d7c7f12b1bacc48
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    Article provided by Elsevier in its journal World Development.

    Volume (Year): 36 (2008)
    Issue (Month): 10 (October)
    Pages: 1956-1979

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    Handle: RePEc:eee:wdevel:v:36:y:2008:i:10:p:1956-1979
    Contact details of provider: Web page: http://www.elsevier.com/locate/worlddev

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    1. Barrett, Christopher B. & Lee, David R. & McPeak, John G., 2005. "Institutional Arrangements for Rural Poverty Reduction and Resource Conservation," World Development, Elsevier, vol. 33(2), pages 193-197, February.
    2. Munoz-Pina, Carlos & de Janvry, Alain & Sadoulet, Elisabeth, 2003. "Re-crafting rights over common property resources in Mexico," CUDARE Working Paper Series 984, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
    3. Swallow, Brent & Meinzen-Dick, Ruth & van Noordwijk, Meine, 2005. "Localizing demand and supply of environmental services: interactions with property rights, collective action and the welfare of the poor," CAPRi working papers 42, International Food Policy Research Institute (IFPRI).
    4. Noreen Beg & Jan Corfee Morlot & Ogunlade Davidson & Yaw Afrane-Okesse & Lwazikazi Tyani & Fatma Denton & Youba Sokona & Jean Philippe Thomas & Emilio Lèbre La Rovere & Jyoti K. Parikh & Kirit Parikh , 2002. "Linkages between climate change and sustainable development," Climate Policy, Taylor & Francis Journals, vol. 2(2-3), pages 129-144, September.
    5. repec:wbk:wboper:13411 is not listed on IDEAS
    6. Pagiola, Stefano & Arcenas, Agustin & Platais, Gunars, 2005. "Can Payments for Environmental Services Help Reduce Poverty? An Exploration of the Issues and the Evidence to Date from Latin America," World Development, Elsevier, vol. 33(2), pages 237-253, February.
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