How attractive are short-term CDM forestations in arid regions? The case of irrigated croplands in Uzbekistan
This study analyzed the financial attractiveness of Clean Development Mechanism Afforestation and Reforestation (CDM A/R) in irrigated agricultural settings. The Net Present Value (NPV) and Internal Rate of Return (IRR) of CDM A/R were estimated by analyzing the case of Khorezm region in Uzbekistan, where a mixed-species tree plantation was established on marginal cropland. The dual purposes of carbon sequestration and production of fruits, leaves as fodder, and fuelwood were studied over a seven-year rotation period.