Carbon Trading

What would it cost to implement deforestation reduction policies in Bolivia?

Ioulia-FentonIn conjunction with its partners, the Institute for Advanced Development Studies (INESAD) has designed statistical tools, using extensive real life data, to simulate what kinds of policies are likely to make a measurable impact on reducing deforestation while maximizing human wellbeing in Bolivia. As the “How to Live Well in Bolivia” infographic released by INESAD earlier this month illustrates, two policies working in tandem are predicted to have the best results. An internal US$450 tax on every hectare of cleared forest, structured in a way as to mainly affect large-scale commercial agriculture, could raise one billion dollars every four years and kick start deforestation reduction efforts. While laudable on its own, the policy would not be enough. A matching system of payments from rich countries to Bolivia for reducing deforestation that would raise an additional one billion dollars every two years is predicted to act as a catalyst. If the money is then spent on paying people to conserve their forests, on creating green jobs (such as within the eco-tourism sector), and financing anti-poverty initiatives, every year, together, the dual policy effort is forecast to engage 72 percent of the rural population, increase the income of the poor who participate by 29 percent, and achieve a 29 percent reduction in deforestation. (Play the SimPachamama simulation game to see if you can keep forests standing while making the community happy and wealthy). Read More »

Carbon Markets: How Not to Save the Planet

Ioulia FentonLéelo en español aquí Spanish flag

BOOK REVIEW

Upsetting the Offset: The Political Economy of Carbon Markets

Mayfly Books.

By Ioulia Fenton

Let’s say you live in a fairly rich country and you are actually quite well off. You use lots of paper in your job, drive a car, heat and air-condition your house, and regularly fly for work, vacation, and to see your family in another country. You know that this causes tons of greenhouse gases (GHGs) to be released into the atmosphere, which is driving climate change, and that if everyone in the world had your kind of a lifestyle then we’d need five planets, not one, to survive. So you decide that you want to do something about it. Even though you have started to recycle, have put energy saving light bulbs in your house, bought a Prius, and always carry your water bottle and coffee thermos flask, somehow you feel that this is not enough: the Carbon Footprint Calculator still tells you that your kind of life needs more than four planets. Read More »

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