News & Updates

Thursday, 25. April 2013
Report on GreenChip as a market mechanism for ForCES

BeCitizen,environment and strategy consultancy, has been hired to conduct a feasibility analysis on the use of the GreenChip mechanism which formed part of a recent FSC project put on standby that was aiming at developing a financing mechanism for new FSC certified area based on the FSC Modular Approach Program. The study found that the GreenChip mechanism could be potentially used as market mechanism for ForCES. However few key attributes would have to be adapted such a finding a conversion metrics from forest management measures into a related credit, and determining the underlying asset (hectares of forest, or number of High Conservation Values or impact). Next steps would include designing scenario to be tested in the sites but prior to this CIFOR reports on ES indicators and market assessment are necessary.