Community guidelines for accessing forestry voluntary carbon ... - FAO
Community guidelines for accessing forestry voluntary carbon ... - FAO
Community guidelines for accessing forestry voluntary carbon ... - FAO
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Chapter 3: Getting started<br />
£ Land ownership rights/land tenure<br />
£ National taxes on <strong>carbon</strong> transactions<br />
£ Contract law<br />
If the government does NOT have clear and supportive policies regarding<br />
the above, the policy context may not be conducive to implementing a<br />
<strong>for</strong>estry VCM project. Likewise, if there is significant political instability,<br />
then investors may be unwilling to accept the risks of supporting<br />
projects in the country. To ascertain whether such risks are manageable,<br />
additional questions may be asked, including:<br />
£<br />
Do government officials have sufficient authority, and<br />
technical capability, to promptly clarify legal and policy<br />
questions relating to <strong>carbon</strong> transactions?<br />
£ Is the current government inclined to provide such clarity?<br />
£<br />
Is current (and likely future) policy and legislation<br />
on environmental services and/or the role of <strong>for</strong>ests<br />
conducive to the development of <strong>for</strong>estry VCM projects?<br />
Depending on the answers to these questions, the risk of national policy<br />
and legislation undermining the viability of the project may be either<br />
acceptable or unacceptable to investors.<br />
3.1.4 On-the-ground partners<br />
A <strong>for</strong>estry VCM project cannot be implemented successfully without<br />
reliable local partners. It is there<strong>for</strong>e wise to assess whether prospective<br />
partners have the necessary institutional capacity to oversee complex<br />
projects. Such an assessment should cover the following issues:<br />
83