Table 3. Summary of estimated costs for the six Peruvian projects and the actual costs of two established projects in Bolivia and Brazil, including: set up, implementation, and monitoring costs annually per hectare and as a percentage of the total; projects’ total annual transaction cost per hectare at 3.8%, 5%, and 10% discount rate; total annual transaction cost in US$; and estimated cost of reducing 1 tCO2 emissions for two projects in Peru compared with the two established projects in Bolivia and Brazil. Note that all values are reported as average net present value discounted at 3.8% (unless otherwise stated). The data for the Bolivian and Brazilian projects was obtained from Brown et al. 2000, Asquith et al. 2002, FAS 2008, and Brown 2005. Project acronyms are defined in Figure 1.

Project
Cost component TBNP CANP AHCC LACC SFM-NC
SFM-FC		 Peruvian Project
Mean (%)		 Noel Kempff Juma
Set-up costs
(US$ ha-1yr-1 [%])		 0.06
(4)		 0.04
(5)		 0.04
(5)		 0.06 (28) 0.18
(9)		 0.08
(11)		 0.08
(10)		 0.21
(18)		 0.11
(20)
Implementation costs
(US$ ha-1yr-1 [%])		 0.79
(81)		 0.43
(70)		 0.49
(81)		 0.11 (72) 1.26
(91)		 0.12
(23)		 0.53
(70)		 0.64
(72)		 0.22
(52)
Monitoring costs
(US$ ha-1yr-1 [%])		 0.15
(15)		 0.15
(25)		 0.08
(14)		 0
(0)		 0
(0)		 0.35
(66)		 0.12
(20)		 0.09
(10)		 0.12
(28)
Total transaction cost (US$ ha-1yr-1) At 3.8% discount rate 1.00 0.63 0.61 0.16 1.44 0.55 0.73 0.94 0.46
At 5% discount rate 0.90 0.57 0.55 0.15 1.31 0.50 0.66 0.86 0.41
At 10% discount rate 0.62 0.40 0.38 0.11 0.94 0.36 0.46 0.63 0.29
Annual transaction cost (US$) 549,068 851,719 87,865 24,031 199,269 54,252 294,367 603,186 149,975
Cost per emissions reduction (US$/1 tCO2) 1.36 N/A N/A N/A N/A 0.06 0.71 5.25 0.40