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The Importance of Property Rights in Climate Change Mitigation
Summary:
Background
In the agricultural sector, climate change mitigation calls for changing some agricultural and resource management practices and technologies and often requires additional investment. However, there is an opportunity in agriculture for net benefit streams from a variety of zero- or low-cost mitigation opportunities ranging from agro-forestry practices and restoration of degraded soils to zero-till and other land-management practices. Momentum has been generated to incorporate agriculture into carbon markets, potentially allowing smallholder farmers to access benefit streams from such transactions. However, who will receive the benefits from mitigation funds by, for example, increasing carbon stocks or reducing greenhouse gas (GHG) emissions from land, will depend on the way different types of property rights are defined and dealt with in the upcoming climate change negotiations in Copenhagen.
