Making REDD+ pay: Shifting rationales and tactics of private finance and the governance of avoided deforestation in Indonesia

Asia Pacific Viewpoint

Volumn 56, Issue 1, 2015, Pages 6-20

  Dixon, Rowan ^a   Challies, Edward ^b  

^a VICTORIA UNIVERSITY OF WELLINGTON   (New Zealand)

^b LEUPHANA UNIVERSITY OF LÜNEBURG   (Germany)

Author keywords

Carbon offsets; Governance; Indonesia; Private finance; REDD+; Voluntary markets

Indexed keywords

CORPORATE STRATEGY; DEFORESTATION; EMISSION CONTROL; ENVIRONMENTAL DEGRADATION; ENVIRONMENTAL MANAGEMENT; FINANCE; PRIVATE SECTOR; VOLUNTARY APPROACH;

INDONESIA;

EID: 84926436173     PISSN: 13607456     EISSN: 14678373     Source Type: Journal    
DOI: 10.1111/apv.12085     Document Type: Article

References (54)

1. Agrawal, A., D. Nepstad and A. Chhatre (2011) Reducing emissions from deforestation and forest degradation, Annual Review of Environment and Resources 36(1): 373-396.
2. Angelsen, A. (ed.) (2009) Realising REDD+: National strategy and policy options, Bogor: CIFOR.
3. Bernard, F., S. McFatridge and P.A. Minang (2012) The private sector in the REDD+ supply chain, Winnipeg: IISD.
4. Boyd, E., M. Boykoff and P. Newell (2011) The 'new' carbon economy: What's new?, Antipode 43(3): 601-611.
5. Brockhaus, M. and A. Angelsen (2012) Seeing REDD+ through 4Is: A political economy framework, in A. Angelsen, M. Brockhaus, W.D. Sunderlin and L.V. Verchot (eds.), Analysing REDD+, pp. 15-30. Bogor: CIFOR.
6. Bumpus, A.G. and D.M. Liverman (2008) Accumulation by decarbonization and the governance of carbon offsets, Economic Geography 84(2): 127-156.
7. Butler, R.A., L.P. Koh and J. Ghazoul (2009) REDD in the red: Palm oil could undermine carbon payment schemes, Conservation Letters 2(2): 67-73.
8. Carroll, A.B. and K.M. Shabana (2011) The business case for corporate social responsibility: A review of concepts, research and practice, International Journal of Management Reviews 12(1): 85-105.
9. Corbera, E. and H. Schroeder (2011) Governing and Implementing REDD, Environmental Science and Policy 14(2): 89-99.
10. Ervine, K. (2013) Diminishing returns: Carbon market crisis and the future of market-dependent climate change finance, New Political Economy 19(5): 723-747.
11. Fankhauser, S. (2010) The costs of adaptation. Wiley Interdisciplinary Reviews, Climate Change 1(1): 23-30.
12. Fleurbaey, M. (2009) Beyond GDP: The quest for a measure of social welfare, Journal of Economic Literature 47(4): 1029-1075.
13. Fosci, M. (2012) The economic case for prioritizing governance over financial incentives in REDD, Climate Policy 13(2): 170-190.
14. Fosci, M. (2013) Balance sheet in the REDD+: Are global estimates measuring the wrong costs?, Ecological Economics 89: 196-200.
15. Fulton, M. and R. Capalino (2014) Investing in the clean trillion: Closing the clean energy investment gap, Boston: Ceres.
16. Harmes, A. (2011) The limits of carbon disclosure: Theorizing the business case for investor environmentalism, Global Environmental Politics 11(2): 98-119.
17. Hertig, G. (2012) Governments as investors of last resort: Comparative credit crisis case-studies, Theoretical Inquiries in Law 13(2): 385-405.
18. IFF (2014) Stimulating interim demand for REDD+ emission reductions: The need for a strategic intervention from 2015 to 2020, Oxford: Interim Forest Finance (IFF) project.
19. Indrarto, G.B., P. Murharjanti, J. Khatarina etal. (2012) The context of REDD+ in Indonesia: Drivers, agents and institutions, Bogor: CIFOR.
20. Jagger, P., M. Brockhaus, A.E. Duchelle etal. (2014) Multi-level policy dialogues, processes, and actions: Challenges and opportunities for national REDD+ safeguards measurement, reporting, and verification (MRV), Forests 5(9): 2136-2162.
21. Kanak, D. and I. Henderson (2012) Closing the REDD+ gap: The global forest finance facility, Geneva: WWF Forest Finance Initiative.
22. Kooiman, J. (2003) Governing as governance, London: Sage.
23. Kossoy, A. and P. Guigon (2012) State and trends of the Carbon Market 2012, Washington DC: World Bank.
24. Levy, D.L. and P.J. Newell (2005) Introduction: The business of global environmental governance, in D.L. Levy and P.J. Newell (eds.), The business of global environmental governance, pp. 1-17. Cambridge: MIT Press.
25. Lovell, H. and D. Liverman (2010) Understanding carbon offset technologies, New Political Economy 15(2): 255-273.
26. Lövbrand, E. and J. Stripple (2012) Disrupting the public-private distinction: Excavating the government of carbon markets post-Copenhagen, Environment and Planning C 30(4): 658-674.
27. Luttrell, C., I.A.P. Resosudarmo, E. Muharrom, M. Brockhaus and F. Seymour (2014) The political context of REDD+ in Indonesia: Constituencies for change, Environmental Science and Policy 35: 67-75.
28. McGregor, A. (2010) Green and REDD? Towards a political ecology of deforestation in Indonesia, Human Geography 3(2): 21-34.
29. McGregor, A., E. Challies, P. Howson etal. (2015) Beyond carbon, more than forest? REDD+ governmentality in Indonesia, Environment and Planning A 47: 138-155.
30. McGregor, A., S. Weaver, E. Challies, P. Howson, B. Haalboom and R. Astuti (2014) Practical critique: Bridging the gap between critical and practice oriented REDD+ research communities, Asia Pacific Viewpoint 55: 277-291.
31. Melo, I., E. Turnhout and B. Arts (2014) Integrating multiple benefits in market-based climate mitigation schemes: The case of the climate, community and biodiversity certification scheme, Environmental Science and Policy 35(0): 49-56.
32. Mol, A.P.J. (2012) Carbon flows, financial markets and climate change mitigation, Environmental Development 1(1): 10-24.
33. Nakhooda, S., T. Fransen, T. Kuramochi etal. (2013) Mobilising international climate finance: Lessons from the fast-start finance period, Washington DC: Open Climate Network (OCN).
34. Newell, P. and M. Paterson (2010) Climate capitalism: Global warming and the transformation of the global economy, Cambridge; New York: Cambridge University Press.
35. Newell, P., J. Philips and D. Mulvaney (2011) Pursuing clean energy equitably. human development research paper 2011/03, New York: UNDP.
36. Okereke, C., H. Bulkeley and H. Schroeder (2009) Conceptualizing climate governance beyond the international regime, Global Environmental Politics 9(1): 58-78.
37. Pacheco, P., L. Putzel, K. Obidzinski and G. Schoneveld (2012) REDD+ and the global economy: Competing forces and policy options, in A. Angelsen, M. Brockhaus, W.D. Sunderlin and L.V. Verchot (eds.), Analysing REDD+, pp. 51-66. Bogor: CIFOR.
38. Parker, C., A. Mitchell, M. Trivedi and N. Mardas (2009) The Little REDD+ Book: An updated guide to governmental and non-governmental proposals for reducing emissions from deforestation and degradation, 2nd edn, Oxford: Global Canopy Programme.
39. Parry, M., N. Arnell, P. Berry etal. (2009) Assessing the costs of adaptation to climate change: A review of the UNFCCC and other recent estimates, London: IIED.
40. Paterson, M. (2012) Who and what are carbon markets for? Politics and the development of climate policy, Climate Policy 12(1): 82-97.
41. Pattberg, P. (2012) How climate change became a business risk: Analyzing nonstate agency in global climate politics, Environment and Planning C 30(4): 613-626.
42. Peters-Stanley, M., G. Gonzalez and D. Yin (2013) Covering new ground: State of the forest carbon markets 2013, Washington DC: Ecosystem Marketplace.
43. Peters-Stanley, M. and D. Yin (2013) Maneuvering the mosaic: State of the voluntary carbon markets 2013, Washington DC: Ecosystem Marketplace; Bloomberg.
44. Petherick, A. (2011) Refreshing REDD, Nature Climate Change 1(9): 440-441.
45. Prieto-Carrón, M., P. Lund-Thomsen, A. Chan, A. Muro and C. Bhushan (2006) Critical perspectives on CSR and development: What we know, what we don't know, and what we need to know, International Affairs 82(5): 977-987.
46. Sending, O.J. and I.B. Neumann (2006) Governance to governmentality: Analyzing NGOs, states, and power, International Studies Quarterly 50(3): 651-672.
47. Steurer, R. (2013) Disentangling governance: A synoptic view of regulation by government, business and civil society, Policy Sciences 46(4): 387-410.
48. Streck, C. (2012) Financing REDD+: Matching needs and ends, Current Opinion in Environmental Sustainability 4(6): 628-637.
49. Streck, C. and C. Parker (2012) Financing REDD+, in A. Angelsen, M. Brockhaus, W.D. Sunderlin and L.V. Verchot (eds.), Analysing REDD+, pp. 111-127. Bogor: CIFOR.
50. UNFCCC (2007) Investment and financial flows to address climate change, Bonn: UNFCCC.
51. Utting, P. (2008) The struggle for corporate accountability, Development and Change 39(6): 959-975.
52. Visseren-Hamakers, I.J., A. Gupta, M. Herold, M. Peña-Claros and M.J. Vijge (2012) Will REDD+ work? The need for interdisciplinary research to address key challenges, Current Opinion in Environmental Sustainability 4(6): 590-596.
53. Visseren-Hamakers, I.J., C. McDermott, M.J. Vijge and B. Cashore (2012) Trade-offs, co-benefits and safeguards: Current debates on the breadth of REDD, Current Opinion in Environmental Sustainability 4(6): 646-653.
54. World Economic Forum (2013) The green growth action alliance: Progress report from the first year of catalysing private investment, Geneva: World Economic Forum.