Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Forestry 2 Location: D-104 Session Chair: Yuqi Song, The Hong Kong University of Science and Technology (Guangzhou) | |
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The distribution of economic value in the Congo Basin rainforest 1: Natural Resources Canada, Canada; 2: London School of Economics and Political Science; 3: University College London We estimate of the economic value of a globally significant biome: the tropical moist forest of the Congo Basin. Using open data and reproducible workflows, we find a gross value for the Congo Basin forests of US$7.8 billion in 2019 (6.3% of regional GDP). This value flows from forest ecosystem services with existing markets (artisanal and industrial timber, fuelwood, bushmeat, and tourism), establishing a verifiable lower bound. Since the success of policies targeting the intertwined challenges of development and conservation in the Congo Basin (including novel financial instruments such as the Tropical Forests Forever Facility) depends on how interventions impact local economic trajectories, trade-offs, and incentives, we estimate how the value of each ecosystem service is distributed across rightsholders. We apply our distributional approach to value non-marketed climate regulation services, identifying a trade-off between uncertainty and equity in ongoing efforts to monetize this service. | |