Davis, Sarah C., Abram, Nicola K., MacMillan, Douglas C., Xofis, Panteleimon, Ancrenaz, Marc, Tzanopoulos, Joseph, Ong, Robert, Goossens, Benoit, Koh, Lian Pin, Del Valle, Christian, and others. (2016) Identifying Where REDD+ Financially Out Competes Oil Palm in Floodplain Landscapes Using a Fine-Scale Approach. PLoS ONE, . pp. 1-23. ISSN 1932-6203. (doi:10.1371/journal.pone.0156481) (KAR id:56917)
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Official URL: http://dx.doi.org/10.1371/journal.pone.0156481 |
Abstract
Reducing Emissions from Deforestation and forest Degradation (REDD+) aims to avoid forest conversion to alternative land-uses through financial incentives. Oil-palm has high opportunity costs, which according to current literature questions the financial competitiveness of REDD+ in tropical lowlands. To understand this more, we undertook regional finescale and coarse-scale analyses (through carbon mapping and economic modelling) to assess the financial viability of REDD+ in safeguarding unprotected forest (30,173 ha) in the Lower Kinabatangan floodplain in Malaysian Borneo. Results estimate 4.7 million metric tons of carbon (MgC) in unprotected forest, with 64% allocated for oil-palm cultivations. Through fine-scale mapping and carbon accounting, we demonstrated that REDD+ can outcompete oil-palm in regions with low suitability, with low carbon prices and low carbon stock. In areas with medium oil-palm suitability, REDD+ could outcompete oil palm in areas
with: very high carbon and lower carbon price; medium carbon price and average carbon stock; or, low carbon stock and high carbon price. Areas with high oil palm suitability, REDD + could only outcompete with higher carbon price and higher carbon stock. In the coarse-scale model, oil-palm outcompeted REDD+ in all cases. For the fine-scale models at the landscape level, low carbon offset prices (US $3 MgCO2e) would enable REDD+ to outcompete oil-palm in 55% of the unprotected forests requiring US $27 million to secure these areas for 25 years. Higher carbon offset price (US $30 MgCO2e) would increase the competitiveness of REDD+ within the landscape but would still only capture between 69%-74% of the unprotected forest, requiring US $380–416 million in carbon financing. REDD+ has been identified as a strategy to mitigate climate change by many countries (including Malaysia). Although REDD+ in certain scenarios cannot outcompete oil palm, this research contributes to the global REDD+ debate by: highlighting REDD+ competitiveness in tropical floodplain landscapes; and, providing a robust approach for identifying and targeting limited REDD+ funds.
Item Type: | Article |
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DOI/Identification number: | 10.1371/journal.pone.0156481 |
Uncontrolled keywords: | Oil palm; Forests; Economic models; Carbon sequestration; Conservation science; Biodiversity |
Subjects: |
G Geography. Anthropology. Recreation Q Science > QH Natural history > QH75 Conservation (Biology) |
Divisions: | Divisions > Division of Human and Social Sciences > School of Anthropology and Conservation |
Depositing User: | Douglas MacMillan |
Date Deposited: | 22 Aug 2016 11:14 UTC |
Last Modified: | 09 Jan 2024 05:21 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/56917 (The current URI for this page, for reference purposes) |
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