Evaluating the merit of Carbon Credits: Is there a lack of effectiveness in transitioning from direct Payments for Ecosystem Services to REDD+ community-based incentives?
- 1Complutense University of Madrid, Quantitative Economics, Madrid, Spain (soniaquiroga@ucm.es)
- 2Universidad de Alcalá, Economics, Madrid, Spain
- 3DAI-Colombia Division-DG Responsible Governance
Rich in biodiversity, Tumaco is a focal point for REDD+ projects that aim to combat deforestation and promote sustainable land use. Cacao farming, vital to the local economy, offers an opportunity to reconcile livelihoods and conservation. However, challenges remain in reconciling cacao and forest conservation. This study explores the benefits of sustainable cacao practices, such as agroforestry, for economic development and environmental conservation. It also looks at the challenges farmers face and the implications for the success of REDD+. Perceptions of climate change profoundly influence farmers' perspectives and behaviours in the context of REDD+ initiatives, shaping the sustainability and effectiveness of such efforts. Therefore, fostering a robust understanding of climate change among local farmers is critical to improving the integration of sustainable cacao production into REDD+ frameworks. This research aims to provide insights for policy makers and project implementers to advance both conservation and development goals in the Tumaco region, by addressing potential synergies and trade-offs between cacao production and REDD+ initiatives. The farmers' lack of knowledge is particularly worrying, not only for the fight against climate change, but also because if the cacao farmers of Tumaco do not see the incentives of carbon credits as a sustainable source of income, they will be forced to return to illegal crops, and the socio-environmental development of these communities will be compromised.
How to cite: Quiroga, S., Hernanz, V., Suarez, C., and Aguiño, J. E.: Evaluating the merit of Carbon Credits: Is there a lack of effectiveness in transitioning from direct Payments for Ecosystem Services to REDD+ community-based incentives?, EGU General Assembly 2024, Vienna, Austria, 14–19 Apr 2024, EGU24-20767, https://doi.org/10.5194/egusphere-egu24-20767, 2024.