David McCauley, the top climate change expert at the Asian Development Bank, says some Asian countries with the greatest market potential include Papua New Guinea, Indonesia, and those along the Mekong River and the Pacific extending down into the Solomon Islands and Vanuatu.
McCauley says the potential multibillion-dollar forest carbon market cannot be ignored but must be approached with caution.
“As you know, many of those countries also have a lot of challenges with respect to the strength of their institutions, especially in the forest sector, which, is one of the reasons that organizations like ADB sort of got out of the forestry sector some years ago. So, we’re very cautiously re-engaging. And, a lot of the work up front is going to have to focus on those concerns,” said McCauley.
| tags redd | adb | 12 Oct 2009 | ∞ link comments (view)


