Editor Jos Barlow
Risky business: an uncertain future for biodiversity conservation finance through REDD+
Version of Record online: 22 DEC 2010
©2010 Wiley Periodicals, Inc.
Volume 4, Issue 2, pages 88–94, April/May 2011
How to Cite
Phelps, J., Webb, E. L. and Koh, L. P. (2011), Risky business: an uncertain future for biodiversity conservation finance through REDD+. Conservation Letters, 4: 88–94. doi: 10.1111/j.1755-263X.2010.00155.x
- Issue online: 8 APR 2011
- Version of Record online: 22 DEC 2010
- Received , 2 September 2010, Accepted, 9 November 2010
Reducing Emissions from Deforestation and forest Degradation and through the conservation, sustainable management, and enhancement of carbon stocks (REDD+) offers unprecedented potential funding for forest conservation and associated biodiversity. However, as a growing number of biodiversity conservation projects link with carbon emissions mitigation efforts, they might also be exposed to significant financial risks. REDD+ projects currently face uncertainty over future demand for carbon credits, the potential for inconsistent donor support in the long-term, carbon market volatility, investor preference for low-cost emissions mitigation over cobenefits, and the possibility of a short-lived REDD+ mechanism. The private sector is aware of the associated financial risks, which remain largely unaddressed within the conservation literature. Biodiversity conservationists need to identify a balance between maximizing near-term REDD+ opportunities and insulating themselves from long-term financial risks. We describe some of the prospective financial risks for biodiversity conservation efforts linked with REDD+, and propose initial strategies for financial resilience.