Opportunities and Challenges for Innovative Financing Mechanisms for Climate Change Adaptation and Mitigation, 2021-2050
Main Article Content
Abstract
Sustainable finance is essential for the implementation of adaptation and mitigation policies on natural sources and climate change. However, global and domestic finance for sustainable natural resources and forest management has been scared and unable to meet the practical needs for the last decades. Identifying innovative financing mechanism for sustainable natural resources management and climate adaptation and mitigation has been considered by globally communities as well as Vietnamese government as an important priority. This paper analyses new and innovative financing mechanisms for 2021- 2050, that are being considered and developed by a large number of countries, discusses opportunities and constraints for translating these mechanisms to the ground, and proposes policy recommendations for Vietnam to better access to these new funding sources.
Keywords:
Financing mechanism, climate change, natural resources.
References
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[14] K. Hamrick, M. Gallant, “Voluntary Carbon Market Insights: 2018 Outlook and First-Quarter Trends”, Forest Trends’ Ecosystem Marketplace: Washington, D.C., 2018.
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T.T. Pham, eds. Transforming REDD+: Lessons and new directions: Bogor, Indonesia: CIFOR, 2018, pp. 161-173.
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[22] T.T. Pham, D.T. Nguyen, T.L.C. Dao, T.L. Hoang, Preparing for Vietnam to meet new international market rules - zero deforestation commitment. Occasional paper No. 253. Bogor, Indonesia: CIFOR, 2019.
[23] D.J. Zarin, N.L. Harris, A. Baccini, D. Aksenov, Hansen M.C., Azevedo-Ramos C., “Can carbon emissions from tropical deforestation drop by 50% in 5 years?”, Global Change Biology 22(4) (2016) 1336-1347.
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[26] E. Ojea, M.L. Loureiro, M. Alló, M. Barrio, “Ecosystem services and REDD: Estimating the benefits of non-carbon services in worldwide forests”, World Development 78 (2016) 246-261.
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