Report on financial cost-benefit analysis of forest certification and implementation of phased approaches
Abstract
Benefits and costs of forest certification have been subject to debate since the inception of this instrument was introduced to the market about ten years ago. The importance of costs and benefits of certification has been recognized by various international forums. Cost-effectiveness has also been singled out as a desirable element for certification as a tool to promote sustainable forest management. However, there is only limited factual systematic information available on costs and benefits of certification at the FMU level. This is why there is a common concern about cost implications of certification and uncertainty about possible market and other benefits for tropical timber producers. Phased approaches have been seen as one option to address these issues.