Using markets to leverage investment in forest and landscape restoration in the tropics

P H S Brancalion; David Lamb; E Ceccon; Doug Boucher; John L Herbohn; B Strassburg; D P Edwards

doi:10.1016/j.forpol.2017.08.009

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Using markets to leverage investment in forest and landscape restoration in the tropics

Journal article

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Using markets to leverage investment in forest and landscape restoration in the tropics

P H S Brancalion, David Lamb, E Ceccon, Doug Boucher, John L Herbohn, B Strassburg and D P Edwards

Forest Policy and Economics, Vol.85(Part 1), pp.103-113

2017

DOI: https://doi.org/10.1016/j.forpol.2017.08.009

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Abstract

ecosystem services

forest governance

large-scale restoration

tropical forest restoration

tropical reforestation

wood production

Governments and international organizations are promoting or drafting programs to undertake Forest and Landscape Restoration (FLR) of hundreds of millions of hectares of degraded tropical landscapes to support the provision of ecosystem goods and services. But the challenge to recover economic and ecological functionality could be far beyond their financial capacity. Here, we explore the potential of markets and their interaction with policies to leverage investment for FLR in the tropics. We first review the challenges and opportunities of exploiting market forces for FLR, which can be essential for kick-starting the implementation of programs globally. We identify four key opportunities for regulating markets to promote FLR: economic mechanisms; technological, educational or infrastructural investment; legal and enforcement mechanisms; and market-led standards and certification schemes. Finally, we present five pitfalls that may arise when relying on markets to promote FLR. Governments will need to play a critical role in establishing appropriate policy frameworks and institutional arrangements to leverage investments when market signals are not strong enough to initiate changes in traditional land use or farming practices, or to regulate reforestation activities when market signals become so strong that they overwhelm all other land-use activities, leading to a transformed and homogenized landscape.

Details

Title: Using markets to leverage investment in forest and landscape restoration in the tropics
Authors: P H S Brancalion (Author) - University of São Paulo, Brazil
David Lamb (Author) - University of the Sunshine Coast - Faculty of Arts, Business and Law
E Ceccon (Author) - National Autonomous University of Mexico, Mexico
Doug Boucher (Author) - Union of Concerned Scientists, United States
John L Herbohn (Author) - University of the Sunshine Coast - Faculty of Arts, Business and Law
B Strassburg (Author) - International Institute for Sustainability, Brazil
D P Edwards (Author) - University of Sheffield, United Kingdom
Publication details: Forest Policy and Economics, Vol.85(Part 1), pp.103-113
Publisher: Elsevier BV
Date published: 2017
DOI: 10.1016/j.forpol.2017.08.009
ISSN: 1389-9341
Organisation Unit: Australian Centre for Pacific Islands Research; Tropical Forests and People Research Centre; University of the Sunshine Coast, Queensland; Forest Research Institute
Language: English
Record Identifier: 99450451702621
Output Type: Journal article

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Web Of Science research areas: Economics; Environmental Studies; Forestry

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