1
|
Blanton A, Mohan M, Galgamuwa GAP, Watt MS, Montenegro JF, Mills F, Carlsen SCH, Valasquez-Camacho L, Bomfim B, Pons J, Broadbent EN, Kaur A, Direk S, de-Miguel S, Ortega M, Abdullah M, Rondon M, Wan Mohd Jaafar WS, Silva CA, Cardil A, Doaemo W, Ewane EB. The status of forest carbon markets in Latin America. J Environ Manage 2024; 352:119921. [PMID: 38219661 DOI: 10.1016/j.jenvman.2023.119921] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 10/12/2023] [Revised: 11/24/2023] [Accepted: 12/11/2023] [Indexed: 01/16/2024]
Abstract
Tropical rainforests of Latin America (LATAM) are one of the world's largest carbon sinks, with substantial future carbon sequestration potential and contributing a major proportion of the global supply of forest carbon credits. LATAM is poised to contribute predominantly towards high-quality forest carbon offset projects designed to reduce emissions from deforestation and forest degradation, halt biodiversity loss, and provide equitable conservation benefits to people. Thus, carbon markets, including compliance carbon markets and voluntary carbon markets continue to expand in LATAM. However, the extent of the growth and status of forest carbon markets, pricing initiatives, stakeholders, amongst others, are yet to be explored and extensively reviewed for the entire LATAM region. Against this backdrop, we reviewed a total of 299 articles, including peer-reviewed and non-scientific gray literature sources, from January 2010 to March 2023. Herein, based on the extensive literature review, we present the results and provide perspectives classified into five categories: (i) the status and recent trends of forest carbon markets (ii) the interested parties and their role in the forest carbon markets, (iii) the measurement, reporting and verification (MRV) approaches and role of remote sensing, (iv) the challenges, and (v) the benefits, opportunities, future directions and recommendations to enhance forest carbon markets in LATAM. Despite the substantial challenges, better governance structures for forest carbon markets can increase the number, quality and integrity of projects and support the carbon sequestration capacity of the rainforests of LATAM. Due to the complex and extensive nature of forest carbon projects in LATAM, emerging technologies like remote sensing can enable scale and reduce technical barriers to MRV, if properly benchmarked. The future directions and recommendations provided are intended to improve upon the existing infrastructure and governance mechanisms, and encourage further participation from the public and private sectors in forest carbon markets in LATAM.
Collapse
Affiliation(s)
- Austin Blanton
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea; Elliott School of International Affairs, George Washington University, Washington, DC, United States of America
| | - Midhun Mohan
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea; Department of Geography, University of California - Berkeley, Berkeley, CA, United States of America.
| | - G A Pabodha Galgamuwa
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea
| | | | - Jorge F Montenegro
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea; University of Liverpool Management School, University of Liverpool, Liverpool, United Kingdom; School of Engineering, Fundación Universitaria Compensar, Bogota, Colombia
| | - Freddie Mills
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea
| | | | - Luisa Valasquez-Camacho
- Ecoresolve, San Francisco, CA, United States of America; Unit of Applied Artificial Intelligence, Eurecat, Centre Tecnològic de Catalunya, 08005, Barcelona, Spain; Department of Agricultural and Forest Sciences and Engineering, University of Lleida, 25198 Lleida, Spain
| | - Barbara Bomfim
- Climate and Ecosystem Sciences Division, Lawrence Berkeley National Laboratory, Berkeley, CA, United States of America
| | - Judith Pons
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea
| | - Eben North Broadbent
- School of Forest, Fisheries, and Geomatics Sciences, University of Florida, Gainesville, FL, United States of America
| | - Ashpreet Kaur
- Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea; School of Natural Resources and Environment, University of Florida, Gainesville, FL, United States of America
| | - Seyide Direk
- Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea; European Enterprise Alliance/ United Nations Development Programme, Brussels, Belgium
| | - Sergio de-Miguel
- Department of Agricultural and Forest Sciences and Engineering, University of Lleida, 25198 Lleida, Spain; Forest Science and Technology Centre of Catalonia (CTFC), 25280 Solsona, Spain
| | - Macarena Ortega
- Forest Fire Laboratory (LABIF). Department of Forest Engineering. University of Cordoba, 14071, Cordoba, Spain
| | - Meshal Abdullah
- Ecoresolve, San Francisco, CA, United States of America; Department of Geography, Sultan Qaboos University, Muscat, Oman; Department of Ecology and Conservation Biology, Texas A&M University, College Station, TX, United States of America
| | - Marcela Rondon
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea
| | - Wan Shafrina Wan Mohd Jaafar
- Ecoresolve, San Francisco, CA, United States of America; Earth Observation Centre, Institute of Climate Change, Universiti Kebangsaan Malaysia, 43600, Bangi, Selangor, Malaysia
| | - Carlos Alberto Silva
- Forest Biometrics and Remote Sensing Lab (Silva Lab) - School of Forest Resources and Conservation, University of Florida, Gainesville, FL, 32611, United States of America
| | - Adrian Cardil
- Department of Agricultural and Forest Sciences and Engineering, University of Lleida, 25198 Lleida, Spain; Forest Science and Technology Centre of Catalonia (CTFC), 25280 Solsona, Spain; Tecnosylva, S.L Parque Tecnológico de León, 24004, León, Spain
| | - Willie Doaemo
- Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea; Department of Civil Engineering, Papua New Guinea University of Technology, Lae, 00411, Papua New Guinea
| | - Ewane Basil Ewane
- Ecoresolve, San Francisco, CA, United States of America; Morobe Development Foundation (via United Nations Volunteering Program), Lae, 00411, Papua New Guinea; Department of Geography, Faculty of Social and Management Sciences, University of Buea, P.O. BOX 63, Buea, Cameroon
| |
Collapse
|
2
|
Aboagye EM, Zeng C, Owusu G, Mensah F, Afrane S, Ampah JD, Brenyah SA. A review contribution to emission trading schemes and low carbon growth. Environ Sci Pollut Res Int 2023:10.1007/s11356-023-27673-z. [PMID: 37227634 DOI: 10.1007/s11356-023-27673-z] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Key Words] [Subscribe] [Scholar Register] [Received: 12/21/2022] [Accepted: 05/11/2023] [Indexed: 05/26/2023]
Abstract
In this study, the researchers focus on policy instruments that employ a market-based strategy to promote emission reduction, find the key spots and recent changing aspects in the field of Eemission Trading Systems (ETS) and Low Carbon Growth, and make suggestions for future studies. Making use of the bibliometric analysis, the researchers examine a sample of 1,390 research from the ISI Web of Science database to find research activity on ETS and low carbon growth between 2005 and 2022. Also, the researchers visualized the knowledge domains in this field using software like CiteSpace and R-Biblioshiny. The research unravels the most influential published articles and authors on their citations and publications and their location and significance within the network. The researchers further examined the recent themes, identified the barriers to developing literature in this field, and made recommendations for future research. Research on ETS and low carbon growth globally lack cross-border collaborations between emerging and developed economies. The researchers concluded the study by recommending three future research directions.
Collapse
Affiliation(s)
| | - Chen Zeng
- Law School, Zhongnan University of Economics and Law, Wuhan, China
| | - Gabriel Owusu
- School of International and Public Affairs, Shanghai Jiao Tong University, Shanghai, China
| | - Felix Mensah
- Department of Data Science and Economic Policy, University of Cape Coast, Cape Coast, Ghana
| | - Sandylove Afrane
- School of Environmental Science and Engineering, Tianjin University, Tianjin, 300072, China
| | | | - Selina Annah Brenyah
- Department of Planning and Sustainability, University of Energy and Natural Resource, Sunyani, Ghana
| |
Collapse
|