Reducing greenhouse gas emissions by forest protection
Subtitle: the transaction costs of REDD
By: Lee J. Alston, Krister Andersson
Contributors: Andersson, Krister; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16756; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16756.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Understanding and minimizing the transaction costs of policy implementation are critical for reducing tropical forest losses.  As the international community prepares to launch REDD+, a global initiative to reduce greenhouse gas emissions from tropical deforestation, policymakers need to pay attention to the transactions costs associated with negotiating, monitoring and enforcing contracts between governments and donors.  The existing institutional design for REDD+ relies heavily on central government interventions in program countries.  Analyzing new data on forest conservation outcomes, we identify several problems with this centralized approach to forest protection.  We describe options for a more diversified policy approach that could reduce the full set of transaction costs and thereby improve the efficiency of the market-based approach for conservation"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 5/5/2011.

Includes bibliographical references.

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Mode of access: World Wide Web.