We estimate the additional effects of a REDD+ pilot project offering Payments for Environmental Services to reduce deforestation by smallholders in the Brazilian Amazon. We collected original data from 181 individual farmers. We use DID-matching and find evidence that supports the parallel trend assumption. We estimate that an average of 4 ha of forest have been saved on each participating farm in 2014, at the expense of pastures versus croplands. This amounts to a decrease in the deforestation rate of about 50 percent. We find no evidence of leakage effects. Finally, we find that the project is cost-effective.
CITATION STYLE
Simonet, G., Subervie, J., Ezzine-de-Blas, D., Cromberg, M., & Duchelle, A. (n.d.). Paying smallholders not to cut down the Amazon forest: Impact evaluation of a REDD+ pilot project. Retrieved from https://ideas.repec.org/p/lam/wpaper/15-14.html
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