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Among the various innovative instruments linked to the Kyoto Protocol is the Clean Development Mechanism (CDM), which offers developed countries a chance to offset some of their greenhouse gas emissions by funding development projects in areas such as renewable energy and forestry. Over the last two years, the rules of the CDM and those relating in particular to afforestation and reforestation have evolved significantly. With this explosion of rules has arisen a need to make sure that those who will apply these rules understand them, and fully appreciate their repercussions.
This publication attempts to respond to this need, and explores the legal requirements for CDM-related forestry projects, highlighting work in Argentina, Chile, Ghana and the Philippines