FORESTS AS CAPITAL:
Financial mechanisms for tropical forest conservation
The dynamic landscape of tropical land use, deforestation, global governance, and economic development is pushing the need for evolution of the conservation toolbox. Complex financial mechanisms such as carbon markets, product certifications, mitigation banking, and supply chain management have valuable roles in tropical forest conservation, but remain difficult to access for many forest rights holders and advocates. At the same time, large scale commodity investment continues to threaten tropical forests and livelihoods.
The Yale Chapter of the International Society of Tropical Foresters (ISTF) is proud to announce the 20th Annual ISTF Conference at Yale School of Forestry & Environmental Studies, to be held on January 30- February 1, 2014. This year’s conference will discuss forest conservation in the context of the capital approach (top down) and the local approach (bottom up) of attracting financial resources for conservation and generating sustainable revenues from forest resources.
Financing for tropical forest conservation activities has a renewed drive and urgency: in late November, parties agreed to the Warsaw Framework for REDD+, backed by pledges of USD $280 million financing from the US, Norway and the UK.
Through our negotiations we have made a significant contribution to forest preservation and sustainable use which will benefit the people who live in and around them and humanity and the planet as a whole. And I am proud that this instrument was named the Warsaw Framework for REDD+.
Marcin Korolec, Minister of the Environment - Poland and President-Designate of COP 19