Costa Rica: Private Forestry Project

This Project introduces incentives to promote and reward carbon sequestration activities on private lands. Participating landowners receive payments ranging from $45/ha/yr - $120/ha/yr depending on the type of land reforested (correlates to the owner’s opportunity cost of alternative uses of the land.)

Status: In Force; Voluntary

Funding Information: This Project is financed by a 5% tax on gasoline, CTO sales and contributions from the private sector, primarily hydrocarbon companies.

References: National Communication to the UNFCCC; http://www.forest-trends.org/documents/misc/CarbonCommodity.pdf