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Innovative approaches to financing forest management are essential to a sustainable forest sector. Of particular interest to PROFOR is reforming market structures to make sustainable forestry more profitable than unsustainable forest exploitation, a process encompassing activities such as:
- assessment of potential forest revenue generation from both traditional and innovative financing options, including the restructuring of existing economic and fiscal instruments;
- the development of markets and mechanisms to capture environmental services provided by forests, such as carbon sequestration, biodiversity conservation and watershed protection; and
- government adoption of policies that create enabling conditions for investment in SFM and encourage the private sector to engage in such investments.
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