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Enabling good carbon governance

Dec 16, 2009

ICIMOD’s new study entitled Potential for carbon finance in the land use sector in the Hindu Kush – Himalaya Region provides an insight into the carbon financing opportunities in the region. It highlights the need for adopting proper mechanisms while undertaking land-based carbon finance activities in the mountains.

Potential for carbon finance in the land use sector in the Hindu Kush – Himalaya Region:  A Preliminary Scoping Study

Publisher: International Centre for Integrated Mountain Development, 2009

Climate change is recognised as a major threat to fragile ecosystems and the livelihoods of mountain people in the Hindu Kush-Himalayan (HKH) region. Climate change adaptation is a top priority for the countries of the HKH, however, the improved management of natural resources for mitigation and carbon sequestration has also been recognised as a necessary part of global efforts to avoid the worst change.

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ICIMOD recently commissioned preliminary scoping study provides an initial assessment of carbon finance opportunities in the region. A clearer understanding of the specifics and nuances of this potential, as well as the challenges and constraints, is essential to promote informed and knowledgeable participation from the region, and to allow a more realistic interpretation of the implications of current and future UNFCCC negotiations for the various countries in the HKH.

More comprehensive approach, referred to as agriculture, forestry, and other land uses promises a greater basket of benefits for non-tropical forests and mountainous countries where forest degradation is the more significant on-going process.

In addition, it is assumed that intervention in the agricultural sector could add significantly to the food security and sustainable development goals of carbon finance, providing important synergies with the adaptation needs and priorities of the various countries within the HKH region.

The document states:

  • An urgent need for regional institutional capacity building for implementation of carbon finance mechanisms;
  • Reducing scientific uncertainty;
  • Adaptation and mitigation are complementary and should not be perceived as mutually exclusive approaches;
  • The biophysical mitigation potential in the region is substantial, but highly dispersed;
  • Holistic landscape mitigation is the most appropriate mitigation approach for the highly diverse landscapes of the region;
  • Good carbon governance is as important as high biophysical mitigation potentials; this issue will take on increasing importance within the region and needs to be addressed early.
Source : ICIMOD
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