ABSTRACT
The potential of forestry markets to provide a mechanism for raising revenue in order to finance sustainable management has recently received increasing attention (Landell-Mills and Porras, 2002; Pagiola et al, 2002; Scherr et al, 2004). These markets are still incipient but emerging, particularly in carbon sequestration, in which the trade potential will be largest (Katila and Puustjärvi, 2003). Other services, such as biodiversity conservation or water and soil conservation, also offer significant opportunities. Selling an environmental service raises the issue of verification to justify the respective payment. For this reason, forest certification potentially has an important role to play in these emerging markets. This is discussed further below, firstly for carbon and then for other environmental services.
