Description

Abstract: Forest destruction throughout the world poses significant risks. Not only are forests a source of valuable timber and non-timber products, but they also provide important environmental services that help sustain life on earth. Only rarely do beneficiaries pay for the services they receive, however, resulting in low incentives to conserve forests, and limiting opportunities for rural development. Market-based approaches are thought to offer considerable promise as a means to promote forest conservation, and as a new source of income for rural communities, but it has proven difficult to translate the theory into practice. Based on extensive research and case studies of markets for biodiversity conservation, watershed protection, and carbon sequestration, this book demonstrates how payment systems can be established in practice, and describes their effectiveness and their implications for the poor. This state-of-the-art review of emerging markets for forest environmental services will be vital for decision-makers and professionals as well as for researchers, teachers, and students of environmental economics and forestry.

Contents:

1. Market-based Mechanisms for Forest Conservation and Development / Pagiola, Landell-Mills, and Bishop

2. Forest Environmental Services: An Overview / Bishop and Landell-Mills 3. Paying for Water Services in Central America: Learning from Costa Rica / Pagiola 4. Sharing the Benefits of Watershed Management in Sukhomajri, India / Kerr 5. Paying to Protect Watershed Services: Wetland Banking in the United States / Salzman and Ruhl 6. Financing Watershed Conservation: The FONAG Water Fund in Quito, Ecuador / Echavarria 7. Selling Biodiversity in a Coffee Cup: Shade-grown Coffee and Conservation in Mesoamerica / Pagiola and Ruthenberg

8. Conserving Land Privately: Spontaneous Markets for Land Conservation in Chile / Corcuera, Sepulveda and Geisse

9. Linking Biodiversity Prospecting and Forest Conservation / Laird and ten Kate 10. Using Fiscal Instruments to Encourage Conservation: Municipal Responses to the ‘Ecological’ Value-added Tax in Parana and Minas Gerais, Brazil / May, Neto, Denardin, and Loureiro

11. Developing a Market for Forest Carbon in British Columbia / Bull, Harkin, and Wong 12. Helping Indigenous Farmers to Participate in the International Market for Carbon Services: The Case of Scolel Te / Tipper

13. Investing in the Environmental Services of Australian Forests / Brand 14. Insuring Forest Sinks / Cottle and Crosthwaite-Eyre 15. Making Market-based Mechanisms Work for Forests and People / Pagiola, Landell-Mills and Bishop