Cost Assessment of the Emission Reduction Program

Client

The World Bank

Country

Vietnam

Period

2016–2017

Areas of expertise

Forestry, Climate, Private Impact Investments

Project location·Vietnam

Background

The Government of Vietnam aims to undertake transformational changes in the forestry sector by reducing deforestation, forest degradation and enhancement of forest carbon stocks (REDD+). The Emission Reduction Program (ER-P) covers six provinces in the North Central Coastal (NCC) region of Vietnam and will pilot the results-based payments that incentivize REDD+. UNIQUE was contracted by the Forest Carbon Partnership Facility office in Vietnam to support the ER-P document for submission to the World Bank Carbon Fund. The assignment included an in-depth cost and benefit assessment, preparing a financing plan and estimating the expected emission reductions in accordance with the World Bank Carbon Fund standards.

Our contribution

  • Organization of existing data and information on land use change and economics.
  • Assessment ER-P cost and benefits and preparation of a financing plan for the ER-P Document.
  • Assessment and quantification of emission reductions benefits of the ER-P.
  • Preparation od ER-P Document components on financing and calculation of emission reduction.
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