Voluntary carbon trading: potential for community forestry projects in India
Voluntary carbon markets, such as the Chicago Climate Exchange (CCX), were worth $90 million in 2006. This paper finds that community forestry interventions of three organizations in India are eligible to sell carbon sequestration credits on CCX. Their combined annual sequestration potential is 104,427 tons of carbon dioxide (tCO2), worth $417,708 at 2007 prices. Although this value will be difficult to realize immediately, it indicates the potential for carbon sequestration to raise rural incomes in India. These benefits can be actualized by first linking small pilot projects with CCX and then scaling up operations. Projects will also need to reduce transaction costs to raise the shares of carbon revenue that farmers receive. The diversion of land to raise tree crops needs to be balanced with food security concerns. A potentially viable approach would be to take up carbon plantations on common lands with concerned agencies acting as a liaison between farmer groups and the market.
Volume (Year): 14 (2007)
Issue (Month): 2 (December)
|Contact details of provider:|| Postal: The United Nations Building, Rajadamnern Nok Avenue, Bangkok 10200|
Phone: (66-2) 288-1234
Fax: (66-2) 288-1000
Web page: http://www.unescap.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Krey, Matthias, 2004. "Transaction costs of CDM projects in India: An empirical survey," HWWA Reports 238, Hamburg Institute of International Economics (HWWA).
When requesting a correction, please mention this item's handle: RePEc:unt:jnapdj:v:14:y:2007:i:2:p:107-126. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Macroeconomic Policy and Development Division, ESCAP)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.