Cargando…

Brazil’s Market for Trading Forest Certificates

Brazil faces an enormous challenge to implement its revised Forest Code. Despite big losses for the environment, the law introduces new mechanisms to facilitate compliance and foster payment for ecosystem services (PES). The most promising of these is a market for trading forest certificates (CRAs)...

Descripción completa

Detalles Bibliográficos
Autores principales: Soares-Filho, Britaldo, Rajão, Raoni, Merry, Frank, Rodrigues, Hermann, Davis, Juliana, Lima, Letícia, Macedo, Marcia, Coe, Michael, Carneiro, Arnaldo, Santiago, Leonardo
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2016
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4822866/
https://www.ncbi.nlm.nih.gov/pubmed/27050309
http://dx.doi.org/10.1371/journal.pone.0152311
_version_ 1782425824091176960
author Soares-Filho, Britaldo
Rajão, Raoni
Merry, Frank
Rodrigues, Hermann
Davis, Juliana
Lima, Letícia
Macedo, Marcia
Coe, Michael
Carneiro, Arnaldo
Santiago, Leonardo
author_facet Soares-Filho, Britaldo
Rajão, Raoni
Merry, Frank
Rodrigues, Hermann
Davis, Juliana
Lima, Letícia
Macedo, Marcia
Coe, Michael
Carneiro, Arnaldo
Santiago, Leonardo
author_sort Soares-Filho, Britaldo
collection PubMed
description Brazil faces an enormous challenge to implement its revised Forest Code. Despite big losses for the environment, the law introduces new mechanisms to facilitate compliance and foster payment for ecosystem services (PES). The most promising of these is a market for trading forest certificates (CRAs) that allows landowners to offset their restoration obligations by paying for maintaining native vegetation elsewhere. We analyzed the economic potential for the emerging CRA market in Brazil and its implications for PES programs. Results indicate a potential market for trading 4.2 Mha of CRAs with a gross value of US$ 9.2±2.4 billion, with main regional markets forming in the states of Mato Grosso and São Paulo. This would be the largest market for trading forests in the world. Overall, the potential supply of CRAs in Brazilian states exceeds demand, creating an opportunity for additional PES programs to use the CRA market. This expanded market could provide not only monetary incentives to conserve native vegetation, but also environmental co-benefits by fostering PES programs focused on biodiversity, water conservation, and climate regulation. Effective implementation of the Forest Code will be vital to the success of this market and this hurdle brings uncertainty into the market. Long-term commitment, both within Brazil and abroad, will be essential to overcome the many challenges ahead.
format Online
Article
Text
id pubmed-4822866
institution National Center for Biotechnology Information
language English
publishDate 2016
publisher Public Library of Science
record_format MEDLINE/PubMed
spelling pubmed-48228662016-04-22 Brazil’s Market for Trading Forest Certificates Soares-Filho, Britaldo Rajão, Raoni Merry, Frank Rodrigues, Hermann Davis, Juliana Lima, Letícia Macedo, Marcia Coe, Michael Carneiro, Arnaldo Santiago, Leonardo PLoS One Research Article Brazil faces an enormous challenge to implement its revised Forest Code. Despite big losses for the environment, the law introduces new mechanisms to facilitate compliance and foster payment for ecosystem services (PES). The most promising of these is a market for trading forest certificates (CRAs) that allows landowners to offset their restoration obligations by paying for maintaining native vegetation elsewhere. We analyzed the economic potential for the emerging CRA market in Brazil and its implications for PES programs. Results indicate a potential market for trading 4.2 Mha of CRAs with a gross value of US$ 9.2±2.4 billion, with main regional markets forming in the states of Mato Grosso and São Paulo. This would be the largest market for trading forests in the world. Overall, the potential supply of CRAs in Brazilian states exceeds demand, creating an opportunity for additional PES programs to use the CRA market. This expanded market could provide not only monetary incentives to conserve native vegetation, but also environmental co-benefits by fostering PES programs focused on biodiversity, water conservation, and climate regulation. Effective implementation of the Forest Code will be vital to the success of this market and this hurdle brings uncertainty into the market. Long-term commitment, both within Brazil and abroad, will be essential to overcome the many challenges ahead. Public Library of Science 2016-04-06 /pmc/articles/PMC4822866/ /pubmed/27050309 http://dx.doi.org/10.1371/journal.pone.0152311 Text en © 2016 Soares-Filho et al http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Soares-Filho, Britaldo
Rajão, Raoni
Merry, Frank
Rodrigues, Hermann
Davis, Juliana
Lima, Letícia
Macedo, Marcia
Coe, Michael
Carneiro, Arnaldo
Santiago, Leonardo
Brazil’s Market for Trading Forest Certificates
title Brazil’s Market for Trading Forest Certificates
title_full Brazil’s Market for Trading Forest Certificates
title_fullStr Brazil’s Market for Trading Forest Certificates
title_full_unstemmed Brazil’s Market for Trading Forest Certificates
title_short Brazil’s Market for Trading Forest Certificates
title_sort brazil’s market for trading forest certificates
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4822866/
https://www.ncbi.nlm.nih.gov/pubmed/27050309
http://dx.doi.org/10.1371/journal.pone.0152311
work_keys_str_mv AT soaresfilhobritaldo brazilsmarketfortradingforestcertificates
AT rajaoraoni brazilsmarketfortradingforestcertificates
AT merryfrank brazilsmarketfortradingforestcertificates
AT rodrigueshermann brazilsmarketfortradingforestcertificates
AT davisjuliana brazilsmarketfortradingforestcertificates
AT limaleticia brazilsmarketfortradingforestcertificates
AT macedomarcia brazilsmarketfortradingforestcertificates
AT coemichael brazilsmarketfortradingforestcertificates
AT carneiroarnaldo brazilsmarketfortradingforestcertificates
AT santiagoleonardo brazilsmarketfortradingforestcertificates