Since 2014
The Implementation of Forest Bond in Thailand
NIDA Economic Review Journal
View Archive Info| Field | Value | |
| Title |
The Implementation of Forest Bond in Thailand
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| Creator |
Laengcharoen, Prinyarat
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| Description |
This paper presents another approach as a new mechanism to increase theforest area and the source of budget can be generated from beneficiarieswho get benefits from the forest conservation and restoration by issuing theforest bond as a capital to drive this mechanism based on the principle ofBeneficiaries Pay Principle, which lead to sustainable forest conservation.The study finds that a number of necessary condition for the success offorest bond. First, the forest bond requires specific legislation and the neworganization. Second, forest bond needs to be focused on the concept thathuman can live in the forest in a sustainable way by reforestation andafforestation in degraded forest. The initial value of financial return ofreforestation over a 15-year bond in one million rai of forest areas can becollected in several channels: revenues from a sustainable timber sector,revenues from reduction of greenhouse gas emission in the forestry sector,revenues from the water charge to the industries or key water users in thedry season, government budget for flood and drought prevention, revenuesfrom carbon tax, revenues from tourism in protected areas, and revenuesfrom the government budget of reforestation and forest restoration. However,the mechanism of the forest bond will fair to all parties involved and notproposed replace the traditional measures, but rather proposed as a paralleltool with other conservation policies.
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| Publisher |
Development Economic Review
พัฒนาการเศรษฐกิจปริทรรศน์ |
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| Date |
2014-01-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://tci-thaijo.org/index.php/NER/article/view/22403
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| Source |
Development Economic Review; Vol 8 No 1 (2557): NIDA Economic Review Journal; 137
พัฒนาการเศรษฐกิจปริทรรศน์; Vol 8 No 1 (2557): NIDA Economic Review Journal; 137 1906-2540 |
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| Language |
eng
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| Relation |
https://tci-thaijo.org/index.php/NER/article/view/22403/19224
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| Rights |
Copyright (c) 2017 Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)
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