The authors critically review the literature on the net domestic (within-country) economic benefits of protecting tropical forests, focusing on hydrological benefits and the production of nontimber forest products. (The review does not consider other important classes of benefits, including...

June 2000 - Under the Clean Development Mechanism, developing countries will be able to produce certified emissions reductions (CERs, sometimes called offsets) through projects that reduce greenhouse gas emissions below business-as-usual levels. The challenges of setting up offset markets are...

About a third of development projects fail to achieve satisfactory outcomes, according to agencies' independent evaluation units. To a large extent, these outcomes appear to be baked into projects at their inception due to inadequate project design or relevance. This prompts questions about the...