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Abstract
The paper seeks to find the economic viability of implementing REDD+, a voluntary market mechanism which involves incentivizing developing countries to stop deforestation and forest degradation in exchange of payment by the developed countries, to achieve their greenhouse gas concentration targets. The net revenues to the farmers from undertaking the REDD+ program and from the next best uses of forest land i.e. using the land for Rice plantation is calculated. It was found that REDD+ comes out to be the most profitable option for the farmers of Andhra Pradesh. The effect of uncertainty was also taken into account by doing a sensitivity analysis of the results. The fact that REDD+ still came out to be highly profitable ensures that the model is efficient and robust even in case of uncertainty.
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References
- Bann,C.1997 The Economic Valuation of Tropical Forest Land Use Options : A Manual for Researchers, International Development Research Centre, Ottawa
- Ghosh,S.2011, REDD+ in India, and India's first REDD+ project: a Critical Examination, MausamVol. 3.Issue 1, 32-49
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- Ministry of environment, forest and climate change report , 2014, available athttp://www.envfor.nic.in/sites /default/files/press-releases/Reference% 20Document %20For%20REDD+%20in%20India.pdf
- Neftel,A.,E.Moor,H.Oeschger,andB.Stauffer.1985, Evidence from polarice cores for the increase in atmospheric CO2 in the past two centuries, Nature315, 45-47.
- Plum,SpencerT.,Erik A.Nielsen, and Yeon-SuKim, 2012. Challenges of Opportunity Cost Analysis in Planning REDD+:A Honduran Case Study of Social and Cultural Values Associated with Indigenousorest Uses, Forests3, no. 2, 244-264
- Potvin,Catherine,Bruno Guay,and Lucio Pedroni, 2008, Is reducing emissions from deforestation financially feasible?A Panamanian casestudy, Climate Policy 8,no.1, 23-40.
- Ravindranath,N.H.,Rajiv Kumar Chaturvedi and Indu K. Murthy, 2012, Deforestation and forest degradation in India, Current Science,no. 8, 216-222.
- Sarkar J. 2010, REDD, REDD+ and India, Current science,Vol.101 No. 3
- Thévenaz, Philippe, Thierry Blu and MichaelUnser, 2000, Interpolation revisited [medicalimagesapplication],Medical Imaging,IEEE Transactions, no. 7, 739-758
- Wunder, S., 2005,Payments for Environmental Services: Some Nuts andBolts, CIFO Roccasional paper No. 42.CIFOR, Jakarta, Indonesia
References
Bann,C.1997 The Economic Valuation of Tropical Forest Land Use Options : A Manual for Researchers, International Development Research Centre, Ottawa
Ghosh,S.2011, REDD+ in India, and India's first REDD+ project: a Critical Examination, MausamVol. 3.Issue 1, 32-49
Harris,Kim S. and Raymond M. Leuthold, 2007, Alternative forecasting techniques: a casestudy for livestock prices, North Central Journal of Agricultural Economics, 40-50.
Houghton,R.A., 2005, Above ground forest biomass and the global carbon balance, Global Change Biology II, no. 6, 945-958.
IPCC2007,The Fourth Assessment Report.Geneva,Switzerland: Intergovernmental Climate Change. Details availablea thttp://www.ipcc.ch/pdf/assessment-report/ar4/syr/ ar4_ syr. pdf
Joseph,B.,Ziv,Georg Gerber,Itamar Simon,David K.Gifford and Tommi S. Jaakkola., 2003, Comparing the continuous representation of time-series expression profiles to identify differentially expressed genes, Proceedings of the National Academy of Sciences, no. 18, 10146-10151
Macdicken,Kenneth G., 1997, Project specific monitoring and verification:state of heart and challenges, Mitigation and Adaptation Strategies for Global Change 2,no.2-3,191-202.
Ministry of environment, forest and climate change report , 2014, available athttp://www.envfor.nic.in/sites /default/files/press-releases/Reference% 20Document %20For%20REDD+%20in%20India.pdf
Neftel,A.,E.Moor,H.Oeschger,andB.Stauffer.1985, Evidence from polarice cores for the increase in atmospheric CO2 in the past two centuries, Nature315, 45-47.
Plum,SpencerT.,Erik A.Nielsen, and Yeon-SuKim, 2012. Challenges of Opportunity Cost Analysis in Planning REDD+:A Honduran Case Study of Social and Cultural Values Associated with Indigenousorest Uses, Forests3, no. 2, 244-264
Potvin,Catherine,Bruno Guay,and Lucio Pedroni, 2008, Is reducing emissions from deforestation financially feasible?A Panamanian casestudy, Climate Policy 8,no.1, 23-40.
Ravindranath,N.H.,Rajiv Kumar Chaturvedi and Indu K. Murthy, 2012, Deforestation and forest degradation in India, Current Science,no. 8, 216-222.
Sarkar J. 2010, REDD, REDD+ and India, Current science,Vol.101 No. 3
Thévenaz, Philippe, Thierry Blu and MichaelUnser, 2000, Interpolation revisited [medicalimagesapplication],Medical Imaging,IEEE Transactions, no. 7, 739-758
Wunder, S., 2005,Payments for Environmental Services: Some Nuts andBolts, CIFO Roccasional paper No. 42.CIFOR, Jakarta, Indonesia