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Innovative financing:
It is highly unlikely that governments will be able to
significantly scale down lumber extraction to preserve forests
for their environmental services unless the costs of forgone
revenue can be offset in some way. . Innovative financing
options and markets for forests environmental services, such
as ecotourism, carbon offsets, reduced emissions from
deforestation and degradation (REDD), and watershed
management, will all have important roles to play.
PROGRESS TO DATE:
In 2006 the World Bank commissioned an independent midterm
review of the Forests Strategy implementation (ContrerasHermosilla and Simula 2007). Some of its main achievements
follow.
Mainstreaming of the strategy.
Successful extension to nontropical forests
Poverty reduction
Strengthening forest sector governance and transparency
Conserving local and global ecosystem services
Facilitating responsible private investment
Building strategic partnerships