Philippine forest lands have a great potential to sequester and store carbon. Here we present CFM-based climate change mitigation projects in the Philippines. Two projects are relatively advanced in developing A/R projects: the Laguna Lake project and the Sierra Madre project. For the former, the main proponents/sellers are the Municipality of Tanay and the LLDA. The implementers will be farmers in the Tanay watershed. For the project period (2004-2014), the project will have total net carbon benefits of 3,204 tC (11,759 tCO2-e) and 1,424 (5,230 tCO2-e) under the high and low scenarios, respectively. The anticipated Total Emission Reduction Purchase Agreement (ERPA) Value is US$ 31,380 for the low scenario and US$70,554 for the high scenario. The buyer of carbon credits is the BioCarbon Fund of the World Bank at US$ 4 per t CO2-e. The Sierra Madre project is estimated to sequester a total of 512,000 tC for 30 years, most of which will come from the reforestation component.
Publication year
2006
Authors
Language
English
Keywords
carbon, community forestry, forest management, greenhouse gases
Geographic
Philippines
