| Abstract: |
| 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. No buyer has yet been identified and preparation of PDD is underway. |
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