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Climate Change: Financing Global Forests
The Eliasch Review

The Eliasch Review is an independent report to government, commissioned by the Prime Minister and prepared by Johan Eliasch with the support of the Office of Climate Change.

The Review aims to provide a comprehensive analysis of international financing to reduce forest loss and its associated impacts on climate change. It does so with particular reference to the international efforts to achieve a new global climate change agreement in Copenhagen at the end of 2009.

The Review focuses on the scale of finance required to produce significant reductions in forest carbon emissions, and the mechanisms that, if designed well, can achieve this effectively to help meet a global climate stabilisation target. It also examines how mechanisms to address forest loss can contribute to poverty reduction, as well as the importance of preserving other ecosystem services such as biodiversity and water services.

Press release
Executive summary
Full review

A range of new research and analysis was commissioned for the Eliasch Review. Copies of these background papers are available below. 

Forests and emissions Richard Betts, Jemma Gornall, John Hughes, Neil Kaye, Doug McNeall and Andy Wiltshire, The Met Office Hadley Centre

The cost of avoiding deforestation  Maryanne Grieg-Gran, International Institute for Environment and Development (IIED)

Technical description of the IIASA model cluster  Mykola Gusti, Petr Havlik and Michael Obersteiner, International Institute for Applied Systems Analysis (IIASA)

Estimating the cost of building capacity in rainforest nations to allow them to participate in a global REDD mechanism  Alison Hoare, Thomas Legge, Ruth Nussbaum and Jade Saunders, Chatham House, ProForest, Overseas Development Institute (ODI), EcoSecurities

Rapid forest inventory and mapping: monitoring forest cover and land use change  Justin Moat, Charlotte Crouch, William Milliken, Paul Smith, Martin Hamilton and Susana Baena,The Royal Botanic Gardens, Kew

Mapping vulnerability of tropical forest to conversion and resulting potential CO2 emissions Lera Miles, Valerie Kapos, Igor Lysenko and Alison Campbell, UNEP/WCMC

Capability and cost assessment of the major forest nations to measure and monitor their forest carbon Pat Hardcastle and David Baird, LTS International

Forest management impacts on ecosystem services  Todd Sajwaj, Mike Harley and Clare Parker, AEA

Updating carbon density and opportunity cost parameters in deforesting regions in the GCOMAP model Jayant Sathaye, Peter Chan, Heleico Blum, Larry Dale and Willy Makindi, Integrated Environmental Solutions (IES)

Scaling up AFOLU Mitigation Activities in Non-Annex I Countries  Penny Baalman and Bernhard Schlamadinger   Climate Strategies

Carbon absorption and storage   Miguel Franco, School of Biological Sciences, Plymouth University

Hope, C (2008) Valuing the climate change impacts of tropical deforestation, Judge Business
School, University of Cambridge

Hope, C and Castilla-Rubio, J C (2008) A first cost benefit analysis of action to reduce
deforestation
, Judge Business School, University of Cambridge

    The Review team is grateful to all of the many organisations and individuals who provided comments and advice during the preparation of the Review.

Page last modified: 14-10-08
Page published: 01-05-08

Office of Climate Change