The Biocarbon Fund's conclusions on experiences with afforestation and reforestation (A/R) Clean Development Mechanism (CDM) projects highlight existing barriers to the development of these projects, including methodological complexities, lack of capacity and transaction costs, while emphasizing the potential for synergies of A/R projects with other environmental objectives, such as biodiversity conservation.
3 June 2011: The Biocarbon Fund, managed by the World Bank, has published a report on lessons learned from the funding of afforestation and reforestation (A/R) projects under the Clean Development Mechanism (CDM).
The report, titled “BioCarbon Fund Experience: Insights from Afforestation/Reforestation Clean Development Mechanism Projects,” notes project developers face significant complexities in applying the A/R methodologies, and transaction costs for these types of projects are high. However, it highlights the positive effects on livelihoods and sustainable use of biodiversity, calling for a scaled-up approach to these types of projects. The report concludes with a discussion of how this experience could inform the debate about REDD+ (reducing emissions from deforestation and forest degradation in developing countries, as well as conservation, sustainable management of forests and enhancement of carbon stocks). [Publication: BioCarbon Fund Experience: Insights from Afforestation/Reforestation Clean Development Mechanism Projects]