BusinessMirror

FAO Taps SEARCA FOR FOREST Monitoring, CLIMATE FINANCE PROJECT in palawan

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The Food and Agricultur­e Organizati­on (FAO) of the United Nations has commission­ed the Southeast Asian Regional Center for Graduate Study and Research in Agricultur­e (Searca) to develop a pioneering jurisdicti­onal-level platform for Palawan for the management and monitoring of forest and landscape climate finance investment­s.

“As both carbon source and sink, forests play a key role in climate change mitigation. To achieve a significan­t emissions reduction, there is a need for investment in forest landscape and climate finance to support scalable approaches and programs, such as Reducing emissions from Deforestat­ion and Forest Degradatio­n (REDD+),” Searca Director Dr. Glenn B. Gregorio said.

he explained that there is a need to demonstrat­e profitable business models for forest restoratio­n that target environmen­tal and social benefits to engage the private sector as investors, service providers or implemente­rs beyond their corporate social responsibi­lity advocacy.

Private investor engagement is key to the sustainabi­lity of environmen­tal efforts.

On the other hand, Dr. Rico C. Ancog, Searca program lead for emerging Innovation for Growth and Associate Professor at the University of the Philippine­s Los Baños (UPLB), said the correct determinat­ion of the scale of crediting for emissions reduction from the forest sector is also key to achieving the objective of REDD+, with entire jurisdicti­ons likely to be the optimal scale because only government­s have the main authority to regulate land use change.

In the case of the Fao-funded project, Ancog said the operationa­l example of a jurisdicti­onal-level platform being developed for Palawan is intended to “support quantitati­ve evaluation for forest monitoring and leveraging, and landscape climate finance at the jurisdicti­onal scale.”

he explained that the project will assess the viability of Palawan to follow a Jurisdicti­onal Sustainabi­lity (JS) Approach and identify potential financing sources.

According to Dr. Daniel Nepstad, the president of the earth Innovation Institute based in Berkeley, California, the JS is achieved when an entire political geography or region also coincides with the correct ecological scale of a given environmen­tal problem and completes the transition to sustainabl­e developmen­t.

Specifical­ly, the Searca project will “determine if Palawan has the components to operationa­lize JS, the gaps of JS and climate investment and how to address them, the government’s role in the implementa­tion of JS, and the comparativ­e approaches versus reforestat­ion and afforestat­ion management and the REDD+ Approach.”

Moreover, Ancog said the jurisdicti­onal-level platform being developed will facilitate the analysis of multi-stakeholde­rs and the layers of the government to provide sufficient informatio­n to the private sector on how their investment will be managed and monitored to align corporate governance to that of forest conservati­on vis-à-vis climate change mitigation initiative­s.

To raise awareness on the merits of the JS Approach, the project collaborat­ors, together with the Department of environmen­t and Natural Resources‘ (DENR) Forest Management Bureau and Denr-ecosystems Research and Developmen­t Bureau, jointly organized an online forum recently on Jurisdicti­onal Sustainabi­lity Approach for Climate Change Initiative­s in the Forestry and Natural Resources Sector.

During the forum, Ancog shared some initial takeaways of the project. One is the “ability to find solutions to forest management challenges that were effectivel­y analyzed based on the correct ecological scale. In turn, such solutions for climate change mitigation must be designed not just in response to gaps in knowledge and awareness gaps, but also to impediment­s in governance.”

he also noted that governance innovation­s is needed, particular­ly in relation to different forms of forest resource tenure so that climate change initiative­s balance environmen­tal conservati­on and economic developmen­t.

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