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Diane Publishing Books
Forest Carbon Markets: Potential and Drawbacks
Ross W. Gorte (au); Jonathan L. Ramseur (au)
Forests are major carbon sinks (storehouses), and activities that alter forests can release or sequester carbon dioxide (CO2), the most common greenhouse gas (GHG). Some carbon markets have been formed under mandatory GHG reduction regimes, such as the Kyoto Protocol and various regional and state initiatives in the U.S. Other markets have formed for voluntary efforts to reduce GHG emissions. Offsets, or credits for sequestering carbon or reducing emissions in unregulated sectors, are typically allowed in both mandatory and voluntary markets. Forestry activities are among the largest-volume and lowest-cost opportunities for generating offsets. Contents of this report: (I) Forest Carbon Markets: Compliance Offset Markets; Voluntary Offset Markets; Reporting and Registry Programs; (II) Forestry Projects for Offsets: Afforestation and Reforestation; Long-Term Wood Products; Forest Management; Avoided Deforestation; (III) Potential Drawbacks of Forestry-Related Projects: (a) Additionality; (b) Verifiability Measurement: Monitoring; Enforcement; (c) Leakage: Emissions Leakage; Product Leakage; (d) Permanence; (e) Forward Crediting. Tables.
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