POTENTIAL OF VOLUNTARY CARBON MARKETS FOR IMPROVED CARBON STOCK IN COMMUNITY BASED FOREST MANAGEMENT

In many developing nations, including Tanzania, community-based forest management reduces deforestation and forest degradation. The success of the project, however, is jeopardised by the lack of alternative economic activity to support local livelihoods. The burgeoning global voluntary carbon markets are designed to provide a variety of benefits, including biodiversity, carbon offsets, and poverty alleviation. In light of developing global voluntary carbon markets, community-based forest management of miombo forests has not been thoroughly examined, despite its obvious success. Markets can be used to generate alternate sources of revenue for locals. In Tanzania's Southern Highlands, researchers compared four community-based forests to three nearby open-access woods. Carbon stock in community-based forest managed sites ranges from 66.51tCO2/ha to 168.27tCO2/ha, with a mean of 131.60tCO2/ha (SD 74.21). With a mean of 36.38tCO2/ha, the proximate open access woods had CO2 levels ranging from 18.11tCO2/ha to 92.01tCO2/ha (SD 9.14). Based on management efficacy and forest condition, the rate of carbon stock improvement ranged from 27.69tCO2/ha/yr to 126.38tCO2/ha/yr. If sold at the lowest price of $5/tCO2e, the improvement might result in a net income of $327,027.75 each year. Given the restricted economic opportunities in the miombo woodlands, only half of this net income could be used to develop alternative livelihood activities in the local community.

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