That would cover countries that have lost large portions of their original tropical forest, as well as those that still have more than half their forest cover but face current high rates of deforestation. In contrast, 11 HFLD countries with more than half their original forest intact and low rates of current deforestation would receive no credits for standing forests.
The minute that you exclude those countries, their forests lose economic value in the global carbon market, leaving governments with little reason to protect them, said study co-author Gustavo Fonseca of CI and Brazils Universidade Federal de Minas Gerais.
The HFLD countries are Panama, Colombia, Democratic Republic of Congo, Peru, Belize, Gabon, Guyana, Suriname, Bhutan and Zambia, along with French Guiana, which is a French territory. Three of them Guyana, Suriname and French Guiana comprise much of the Guayana Shield region of the northern Amazon that is the largest intact tract of tropical forest on Earth. In addition, portions of other large non-HFLD countries are in the same situation. For example, although Brazil has four other major ecosystems, the Brazilian Amazon faces a similar circumstance as HFLD countries.
According to the study, preventive credits for HFLD countries at a conservative carbon price of U.S. $10 per ton would be worth hundreds of millions of dollars a year, providing governments with significant economic incentive to protect tropical forests that store atmospheric carbon and supply essential natural benefits for local populations such as clean water, food, medicines and natural resources.
CI believes any carbon credit mechanism should include full representation, participation and consultation by indigenous and local communi
Contact: Tom Cohen