REDD, PINC and Other Shades of Green: Institutional Requirements for an International Forest Carbon Sequestration Treaty in a Post-Kyoto World
51 Pages Posted: 28 May 2011 Last revised: 25 Mar 2015
Date Written: May 24, 2011
Because forests play a critical role in the global carbon cycle, the international community is actively pursuing policies and programs to conserve and increase the amount of carbon stored in forests. As the international community moves closer to an agreement on terrestrial carbon sequestration, it is important to consider the types of institutions that will be required to support an international forest carbon sequestration (IFCS) agreement. This article of explores the institutional needs of IFCS and reaches two conclusions. First, the types of institutions required for a successful IFCS program differ from those involved in a global emissions trading program. Second, even within the range of IFCS programs under consideration, the types and extent of institutions required will differ substantially. This article explores a variety of institutions including those designed to support negotiations, to support implementation and governance, to induce and maintain participation by national governments, and to enhance country readiness.
Keywords: Forests, REDD, Climate Change, International Environmental Agreements
JEL Classification: Q23, K33, Q17, D23
Suggested Citation: Suggested Citation