IIED's latest briefing papers

Please see below for details of IIED's latest forestry related briefing papers:

 

 

Carbon rights legislation: not yet ready for private sector REDD+

 

REDD+ is already developing private sector engagements, making rights to sell and benefit from reduced emissions (carbon rights) a crucial issue. Our review of private sector REDD+ projects reveals tendencies for legal arrangements that reinterpret tenure law so as to bundle the new commodity of carbon regulation with existing rights to tangible resources. Provisions for benefit sharing, particularly those aimed at addressing the underlying causes of forest degradation, are often vague or missing. Given the size and duration of private REDD projects, this has far reaching and long term implications for communities and countries.

 

 

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Ringing the changes with a new approach to forest investment

 

Three trends lie behind renewed investor interest in forestry: tightening supply, increasing demand, and its role as a hedge against financial uncertainty. But people with local rights invariably live in forests, however sparsely, and forests are crucial ecosystems for everyone. So quality investments must balance acceptable returns, social justice and environmental sustainability. Investing in Locally Controlled Forestry (ILCF) is a negotiated framework for striking this balance. It promotes innovative partnerships to mix enabling investments (that put in capital to build sustainable and investable businesses) with asset investments (that expect a return on capital). In other words, quality investment in forestry comes when development donors offer targeted enabling investments that can in turn attract the right sort of asset investments. Case studies from Asia, Africa and Latin America illustrate how this balance can be achieved.

 

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Kate Wilson

Publications & Marketing Manager

International Institute for Environment and Development

80-86 Gray's Inn Road, London, WC1x 8NH

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