Risky business: an uncertain future for biodiversity conservation finance through REDD+

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dc.contributor.authorPhelps, J.
dc.contributor.authorWebb, E.
dc.contributor.authorKoh, L.
dc.date.issued2011
dc.description.abstractReducing Emissions from Deforestation and forest Degradation and through the conservation, sustainable management, and enhancement of carbon stocks (REDD+) offers unprecedented potential funding for forest conservation and associated biodiversity. However, as a growing number of biodiversity conservation projects link with carbon emissions mitigation efforts, they might also be exposed to significant financial risks. REDD+ projects currently face uncertainty over future demand for carbon credits, the potential for inconsistent donor support in the long-term, carbon market volatility, investor preference for low-cost emissions mitigation over cobenefits, and the possibility of a short-lived REDD+ mechanism. The private sector is aware of the associated financial risks, which remain largely unaddressed within the conservation literature. Biodiversity conservationists need to identify a balance between maximizing near-term REDD+ opportunities and insulating themselves from long-term financial risks. We describe some of the prospective financial risks for biodiversity conservation efforts linked with REDD+, and propose initial strategies for financial resilience.
dc.description.statementofresponsibilityJacob Phelps, Edward L. Webb, and Lian P. Koh
dc.identifier.citationConservation Letters, 2011; 4(2):88-94
dc.identifier.doi10.1111/j.1755-263X.2010.00155.x
dc.identifier.issn1755-263X
dc.identifier.issn1755-263X
dc.identifier.urihttp://hdl.handle.net/2440/88196
dc.language.isoen
dc.publisherWiley
dc.rights©2010 Wiley Periodicals, Inc.
dc.source.urihttps://doi.org/10.1111/j.1755-263x.2010.00155.x
dc.subjectBiodiversity; carbon; emissions; finance; market; mitigation; REDD
dc.titleRisky business: an uncertain future for biodiversity conservation finance through REDD+
dc.typeJournal article
pubs.publication-statusPublished

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