NEWFOREX project developed new methodologies for valuing and marketing currently non-marketable forest functions, goods and services, identifying the beneficiaries, assessing the cost of provision of externalities and providing policy recommendations. These took place in five EU case studies and one developing country case study, covering key externalities: carbon sequestration, biodiversity protection, watershed services and recreation.
- To provide methods for valuing forest externalities, which handle the jointly produced externalities in an integrated way. Specific attention was paid to the question: Who benefits?
- To develop a methodology for assessing the cost of provision for externalities. Trans-boundary effects of forest management, and transactions and opportunity costs were taken into account.
- To assess several market-based methods for enhancing the provision of forest externalities, including e.g. payment schemes provision, certification or (re-)definition of property rights.
Thumbnails of project results here.
The project's main results are published in EFI What Science Can Tell Us-series, No 5 Vol 1 & Vol 2 and a Policy Brief included recommendations for policy makers on the potential for Payments for Environmental Services.
EFI’s tasks in the project included designing and implementing valuation surveys and contributing to stakeholder interactions and scientific advice. EFI will also contribute to the compilation of the guiding tool for Valuation, Costing and Marketing of Forest Externalities.