Climate Finance: Regulatory and Funding Strategies for Climate Change and Global Development

By Richard B. Stewart; Benedict Kingsbury et al. | Go to book overview

Chapter 9
Forest and Land Use Programs
Must Be Given Financial Credit in
Any Climate Change Agreement
Eric C. BettelheimFounder, Former Executive Chairman, Sustainable Forestry Management
Key Points
Nearly half of the mitigation actions available in the period to 2020 consist of reducing deforestation and improving agricultural practices in the tropics and sub-tropics.
Developed countries face severe limitations on the cost-effectiveness of mitigation actions they can take by 2020. However, developing countries have significant potential to take cost-effective land use, agriculture, and deforestation mitigation actions quickly.
A substantial portion of land use, agriculture, and deforestation emissions in developing countries are driven by the struggle of the rural poor to survive. No plan will succeed unless the rural poor are given sufficient financial incentive to abandon those activities in favor of other, less carbon-intensive options.

In light of the increasing understanding of the timing and depth of emissions reductions required to achieve a 2°C target and the relative costs of doing so, the next global climate change agreement will need to create incentives for substantial global mitigation actions to occur by 2020. That timeline is dependent on significant changes in forestry, agriculture, and land use practices in the tropics and sub-tropics. However, these changes will only occur if we create the right incentives for developing countries and their rural poor.

-90-

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