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UNEP, World Bank Produce Guidebook on Forest Carbon Projects

May 2010: The UN Environment Programme (UNEP), the World Bank's Carbon Finance Unit and others have published a guidebook titled "Bringing Forest Carbon Projects to the Market." The objective of the publication is to guide project developers and financial investors on developing and implementing profitable forestry projects in the carbon markets.

The guidebook addresses forestry projects' standing in carbon markets, anticipated trends, as well as the financing of these projects and sale of carbon credits. It provides insight into the issues that have limited the forest carbon market, and uses case studies to highlight best practices and success stories that developers can replicate in order to stimulate investment into bankable projects.

The guidebook elaborates on types of activities potentially eligible for carbon financing, including afforestation, reforestation, reducing emissions from deforestation and forest degradation in developing countries (REDD), improved forest management and biomass energy. It further identifies the various carbon markets and mechanisms available for each activity. The publication closes with a review of the forest carbon discussion in the UNFCCC negotiations, and stresses that the success and potential of such projects depends on collaboration between private and public initiatives.  [The Guidebook]