Sharing Benefits from Carbon Finance : Lessons from the Guangxi CDM Project

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dc.creatorBrodnig, Gernot
dc.date2012-08-13T14:08:55Z
dc.date2012-08-13T14:08:55Z
dc.date2009-12
dc.date.accessioned2026-07-01T01:07:28Z
dc.descriptionCarbon finance projects are often intended to be both a payment for an environmental service (PES) and an instrument to facilitate sustainable development in developing countries. To enhance livelihood objectives, these projects should benefit rural land users, provided they are willing and able to participate. This holds particularly true for forest carbon initiatives. However, high transaction costs and large uncertainties often bar local communities from making what are inherently long-term and often expensive investments. Uncertainties arise from ambiguous property rights, vague or rapidly changing government policies and unknown carbon market prices. Additionally, there are risks from human-induced and natural disasters. Since many small-scale poor land users in developing countries have only small plots of land and serious cash-flow or liquidity constraints, they cannot easily absorb negative shocks. Thus, risk acts as a formidable barrier to project participation. Pooling individual activities and signing collective contracts with groups of smallholders spreads both benefits and transaction costs over a large group and can be a practical means for small-scale land users to participate. Nonetheless, pooling requires collective action, the success of which often depends on a mix of property rights, contracts and social capital. These three components are not independent. Contracts operate within a regime of property rights and social capital can determine individuals' ability to enforce contracts through social structures. Thus, to design a successful forest carbon project, we need to understand the important roles played by social capital, property rights and contractual rules in facilitating participation.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2009/12/11857142/sharing-benefits-carbon-finance-lessons-guangxi-cdm-project
dc.identifierhttps://hdl.handle.net/10986/11102
dc.identifierhttps://doi.org/10.1596/11102
dc.identifier.urihttp://hdl.handle.net/123456789/415402
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationSocial Development Notes; No. 121
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectBARGAINING
dc.subjectBARREN LANDS
dc.subjectBIODIVERSITY
dc.subjectCARBON
dc.subjectCARBON CREDITS
dc.subjectCARBON FINANCE
dc.subjectCARBON MARKET
dc.subjectCARBON SEQUESTRATION
dc.subjectCERTIFIED EMISSION REDUCTIONS
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCO2
dc.subjectCOLLECTIVE ACTION
dc.subjectDEVELOPING COUNTRIES
dc.subjectECONOMIC BENEFITS
dc.subjectEMISSION
dc.subjectEROSION CONTROL
dc.subjectFERTILIZATION
dc.subjectFOREST
dc.subjectFOREST CARBON
dc.subjectFOREST COMPANIES
dc.subjectFOREST MANAGEMENT
dc.subjectFOREST PROJECT
dc.subjectFORESTRY
dc.subjectFORESTRY DEVELOPMENT
dc.subjectFORESTS
dc.subjectGOVERNMENT POLICIES
dc.subjectHETEROGENEITY
dc.subjectHOLDING
dc.subjectINCOME
dc.subjectINSTRUMENT
dc.subjectLABOR SUPPLY
dc.subjectLAND OWNERS
dc.subjectLAND USERS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectMARKET PRICES
dc.subjectMONITORING COSTS
dc.subjectNATURAL DISASTERS
dc.subjectNEGATIVE SHOCKS
dc.subjectPROPERTY RIGHTS
dc.subjectREFORESTATION
dc.subjectREGENERATION
dc.subjectRIVER
dc.subjectRIVER BASIN
dc.subjectSOCIAL CAPITAL
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOIL
dc.subjectSOIL EROSION
dc.subjectTENURE
dc.subjectTIMBER
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTREE SPECIES
dc.subjectTREES
dc.subjectWATERSHED
dc.subjectWATERSHED MANAGEMENT
dc.titleSharing Benefits from Carbon Finance : Lessons from the Guangxi CDM Project

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