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Raldi Hendro Koestoer, Raldi Hendro
Sekolah Ilmu Lingkungan, Universitas Indonesia
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Journal : Journal of Environmental Science and Sustainable Development

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MARKET-BASED CONSERVATION PREFERENCE IN THE FOREST CONSERVATION BUSINESS Yudhista, Rizaldy Yudhista; Karuniasa, Mahawan; Koestoer, Raldi Hendro
Journal of Environmental Science and Sustainable Development Vol. 7, No. 1
Publisher : UI Scholars Hub

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Abstract

Earth is on the verge of rising temperatures above 1.5˚ Celsius. Passing the limit of 1.5˚ Celsius is a significant risk in living on earth as it will increase the risks of natural disasters such as drought, flood, and storm. With forests capable of absorbing greenhouse gas (GHG) emissions, the need for forest conservation areas is increasing to keep the earth's temperature below 1.5˚ Celsius. The increase in demand is facing hurdles from its financial sustainability, as well as the stakeholder's paradigm, which is still seen as a forest from a direct economic perspective. Market-based initiatives (MBI) are a concept that incentivizes stakeholders in their efforts to preserve nature. While many debates exist, it has become a significant strategy to reduce GHG emissions in many countries. With MBI's implementation, there is expected to be a paradigm shift in forestry business stakeholders from extraction to conserving nature. This research focuses on MBI's implementation in the Indonesian forestry business market through literature and in-depth discussions with MBI's market actors and stakeholders. This research also emphasizes the utilization of preference theory to analyze the significant criteria influencing business decision-maker preference. Analytical Hierarchy Process (AHP) was used to find the most preferable MBI's on Indonesia's market, and criteria derived the preference. The findings revealed that among the criteria, there were three main criteria impacting business preference over MBIs: market potential (0.476), business goal (0.146), and business experience (0.171). Carbon trading (0.572) is deemed the most preferable MBI alternative, with an overall AHP analysis consistency ratio of 0.02. This research contributes as a basis for future research in other countries on the business preference on market-based conservation.
Co-Authors Abdul Mukti Agustin, Nina Analissa Huwaina Andria Wardani, Laras Andriyanto, Dimas Anggorojati, Ayodya Satryo Aritenang, Wendy Arumbinang, Nimas Ayu Astuty, Yulia Indri Benito Rio Avianto Benito Rio Avianto Dewi, Nur Fadilah Djoko Harmantyo Dwita Sutjiningsih Evi Frimawaty Fatma Lestari Fauzia, Assyifa Gulo, Edison Reinkarnasi Gunanda, Arkha Hadinata*, Jaka Hayati Sari Hasibuan Heru Dwi Wahyono Indratmoko, Satria Iwa Garniwa Iwan Freddy Sidabutar Jatna Supriatna KOSUKE MIZUNO, KOSUKE Kristi Siagian Laras Andria Wardani Latif, Amir Lukijanto, Lukijanto M. Bayu Rizky Prayoga Mahawan Karuniasa Maria Agnes MAULANA, PRECIOUS DOUGLAS Moira Moeliono, Moira Muhammad Idris Mukti, Abdul Nabiha Zain Muhamad Noverita Dian Takarina Dian Takarina Nurina Rachmita Octaviana, Indra Saktia Pambudi, Andi Setyo Pramudhian Firdaus Prita Ayu Permatasari, Prita Ayu Putri, Niken Anissa Putri, Tri Riska Renita Purwanti, Renita Retno Setiowati Rina Muthia Harahap, Rina Muthia Saleha Saleha Sasongko, Mochamad Agung Shahboz, Ashurzoda Siagian, Kristi Sidabutar, Iwan Freddy Siregar, Pahrian Ganawira Siregar, Ronald Sodri, Ahyahudin SOEDARJANTO, Muchamad Saparis Sri Hayyu Alynda Heryati Sudarwati, Lilik Supriyanto Supriyanto Supriyanto Supriyanto Sutisna, Muhammad Aziz Rizal Suyud Warno Utomo Syakila, Alfi Tito Latif Indra Tri Ligayanti Wiguna, Dede Prabowo Yazid, Hana Yudhista, Rizaldy Yudhista Yuliyanti, Rifa Diana