Deforestation and Climate Change

Deforestation and Climate Change

Reducing Carbon Emissions from Deforestation and Forest Degradation

The Fondazione Eni Enrico Mattei series on Economics, the Environment and Sustainable Development

Edited by Valentina Bosetti and Ruben Lubowski

Deforestation and forest degradation have long been recognized as environmental problems, with concerns over conservation of natural habitats and biological diversity capturing both scientific and public attention. More recently, the debate over tropical forest conservation has radically shifted to the approximately fifteen percent of global greenhouse gas emissions that are caused by deforestation and forest degradation, and to the potential synergies from integrating forest management with climate change policies.

Chapter 8: Financing Global Forests: The Eliasch Review

Graham Floater and Duncan Stone

Subjects: economics and finance, environmental economics, environment, climate change, environmental economics


Graham Floater and Duncan Stone1 8.1 INTRODUCTION The Eliasch Review2 was an independent report to the UK Government, commissioned by the Prime Minister, Gordon Brown, and published on 14 October 2008. The Review was overseen by Johan Eliasch, the Prime Minister’s Special Representative on Deforestation and Clean Energy, with the support of the UK Office of Climate Change (OCC).3 The Review aimed to provide a comprehensive analysis of international financing to reduce forest loss and its associated impacts on climate change. It did so with particular reference to the international debate surrounding the potential for a new global climate change deal in Copenhagen at the end of 2009. The Review focused particularly on the scale of finance required and on the mechanisms that can, if designed well, lead to effective reductions in forest carbon emissions to help stabilize greenhouse gases in the atmosphere and avoid the worst effects of climate change. It also examined how mechanisms to address forest loss can contribute to poverty reduction, as well as providing incentives to preserve other ecosystem services such as biodiversity and water services. The Review drew on a large amount of previous research in the literature, responses to a stakeholder consultation exercise and visits to various countries including forest nations in Latin America, Africa and south east Asia. A range of new research and analysis was undertaken by the Review team and commissioned for the Review from the following international organizations and institutes: AEA; Chatham House; Climate Strategies; CSERGE, University of...

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