Competitiveness of terrestrial greenhouse gas offsets: are they a bridge to the future?

Activities to reduce net greenhouse gas emissions by biological soil or forest carbon sequestration predominantly utilize currently known, readily implementable technologies. Many other greenhouse gas emission reduction options require future technological development or must wait for turnover of capital stock. Carbon sequestration options in soils and forests, while ready to go now, generally have a finite life, allowing use until other strategies are developed. This paper reports on an investigation of the competitiveness of biological carbon sequestration from a dynamic and multiple strategy viewpoint. Key factors affecting the competitiveness of terrestrial mitigation options are land availability and cost effectiveness relative to other options including CO₂ capture and storage, energy efficiency improvements, fuel switching, and non-CO₂ greenhouse gas emission reductions. The analysis results show that, at lower CO₂ prices and in the near term, soil carbon and other agricultural/forestry options can be important bridges to the future, initially providing a substantial portion of attainable reductions in net greenhouse gas emissions, but with a limited role in later years. At higher CO₂ prices, afforestation and biofuels are more dominant among terrestrial options to offset greenhouse gas emissions. But in the longer run, allowing for capital stock turnover, options to reduce greenhouse gas emissions from the energy system and biofuels provide an increasing share of potential reductions in total US greenhouse gas emissions.     

Envisioning carbon capture and storage: expanded possibilities due to air capture,leakage insurance,and C-14 monitoring

In order to meet the challenge of climate change while allowing for continued economic development, the world will have to adopt a net zero carbon energy infrastructure. Due to the world’s large stock of low-cost fossil fuels, there is strong motivation to explore the opportunities for capturing the CO₂ that is produced in the combustion of fossil fuels and keeping it out of the atmosphere. Three distinct sets of technologies are needed to allow for climate neutral use of fossil fuels: (1) capture of CO₂ at concentrated sources like electric power plants, future hydrogen production plants and steel and cement plants; (2) capture of CO₂ from the air; and (3) the safe and permanent storage of CO₂ away from the atmosphere. A strong regime of carbon accounting is also necessary to gain the public’s trust in the safety and permanence of CO₂ storage. This paper begins with an extensive overview of carbon capture and storage technologies, and then presents a vision for the potential implementation of carbon capture and storage, drawing upon new ideas such as air capture technology, leakage insurance, and monitoring using a radioactive isotope such as C-14. These innovations, which may provide a partial solution for managing the risks associated with long-term carbon storage, are not well developed in the existing literature and deserve greater study.     

Uptake and Storage of Anthropogenic CO2 in the Pacific Ocean Estimated Using Two Modeling Approaches

A basin-wide ocean general circulation model(OGCM) of the Pacific Ocean is employed to estimate the uptake and storage of anthropogenic CO 2 using two different simulation approaches.The simulation(named BIO) makes use of a carbon model with biological processes and full thermodynamic equations to calculate surface water partial pressure of CO 2,whereas the other simulation(named PTB) makes use of a perturbation approach to calculate surface water partial pressure of anthropogenic CO 2.The results from the two simulations agree well with the estimates based on observation data in most important aspects of the vertical distribution as well as the total inventory of anthropogenic carbon.The storage of anthropogenic carbon from BIO is closer to the observation-based estimate than that from PTB.The Revelle factor in 1994 obtained in BIO is generally larger than that obtained in PTB in the whole Pacific,except for the subtropical South Pacific.This,to large extent,leads to the difference in the surface anthropogenic CO 2 concentration between the two runs.The relative difference in the annual uptake between the two runs is almost constant during the integration processes after 1850.This is probably not caused by dissolved inorganic carbon(DIC),but rather by a factor independent of time.In both runs,the rate of change in anthropogenic CO 2 fluxes with time is consistent with the rate of change in the growth rate of atmospheric partial pressure of CO 2.     

Effects of Climate Change on Carbon Storage in Boreal Forests of China: A Local Perspective

The BIOME3 model was used to simulate the distribution patterns and carbon storage of the horizontal, zonal boreal forests in northeast and northwest China using a mapping system for vegetation patterns combined with carbon density estimates from vegetation and soils. The BIOME3 prediction is in reasonable good agreement with the potential distribution of Chinese boreal forests. The effects of changing atmospheric CO₂ concentration had a nonlinear effect on boreal forest distribution, with 3.5–10.8% reduced areas for both increasing and decreasing CO₂. In contrast, the increased climate together with and without changing CO₂ concentration showed dramatic changes in geographic patterns, with 70% reduction in area and disappearance of almost boreal forests in northeast China. The baseline carbon storage in boreal forests of China is 4.60 PgC (median estimate) based on the vegetation area of actual boreal forest distribution. If taking the large area of agricultural crops into account, the median value of potential carbon storage is 6.92 PgC. The increasing (340–500 ppmv) and decreasing CO₂ concentration (340–200 ppmv) led to decrease of carbon storage, 0.33 PgC and 1.01 PgC respectively compared to BIOME3 potential prediction under present climate and CO₂ conditions. Both climate change alone and climate change with CO₂ enrichment (340–500 ppmv) reduced largely the carbon stored in vegetation and soils by ca. 6.5 PgC. The effect of climate change is more significant than the direct physiological effect of CO₂ concentration on the boreal forests of China, showing a large reduction in both distribution area and carbon storage.     

Ranking the risk of CO2 emissions from seagrass soil carbon stocks under global change threats

Seagrass meadows are natural carbon storage hotspots at risk from global change threats, and their loss can result in the remineralization of soil carbon stocks and CO₂ emissions fueling climate change. Here we used expert elicitation and empirical evidence to assess the risk of CO₂ emissions from seagrass soils caused by multiple human-induced, biological and climate change threats. Judgments from 41 experts were synthesized into a seagrass CO₂ emission risk score based on vulnerability factors (i.e., spatial scale, frequency, magnitude, resistance and recovery) to seagrass soil organic carbon stocks. Experts perceived that climate change threats (e.g., gradual ocean warming and increased storminess) have the highest risk for CO₂ emissions at global spatial scales, while direct threats (i.e., dredging and building of a marina or jetty) have the largest CO₂ emission risks at local spatial scales. A review of existing peer-reviewed literature showed a scarcity of studies assessing CO₂ emissions following seagrass disturbance, but the limited empirical evidence partly confirmed the opinion of experts. The literature review indicated that direct and long-term disturbances have the greatest negative impact on soil carbon stocks per unit area, highlighting that immediate management actions after disturbances to recover the seagrass canopy can significantly reduce soil CO₂ emissions. We conclude that further empirical evidence assessing global change threats on the seagrass carbon sink capacity is required to aid broader uptake of seagrass into blue carbon policy frameworks. The preliminary findings from this study can be used to estimate the potential risk of CO₂ emissions from seagrass habitats under threat and guide nature-based solutions for climate change mitigation.     

Science Needs and New Technology for Increasing Soil Carbon Sequestration

Fossil fuel use and land use change that began over 200 years ago are driving the rapid increase in atmospheric content of CO₂ and other greenhouse gases that may be impacting climatic change (Houghton et al., 1996). Enhanced terrestrial uptake of CO₂ over the next 50 to 100 years has been suggested as a way to reclaim the 150 or more Pg carbon (C) lost to the atmosphere from vegetation and soil since 1850 as a consequence of land use change (Batjes, 1999; Lal et al., 1998a; Houghton, 1995), thus effectively `buying time' for the development and implementation of new longer term technical solutions, such as C-free fuels. The ultimate potential for terrestrial C sequestration is not known, however, because we lack adequate understanding of (1) the biogeochemical mechanisms responsible for C fluxes and storage potential on the molecular, landscape, regional, and global scales, and (2) the complex genetic and physiological processes controlling key biological and ecological phenomena. Specifically, the structure and dynamics of the belowground component of terrestrial carbon pools, which accounts for two-thirds of global terrestrial organic C stocks, is poorly understood. Focusing primarily on forests, croplands and grasslands, the purpose of this chapter is to consider innovative technology for enhancing C sequestration in terrestrial ecosystems and address the scientific issues related to better understanding of soil C sequestration potential through appropriate and effective approaches to ecosystem management.     

Terrestrial carbon pools in southeast and south-central United States

Analyses of regional carbon sources and sinks are essential to assess the economical feasibility of various carbon sequestration technologies for mitigating atmospheric CO₂ accumulation and for preventing global warming. Such an inventory is a prerequisite for regional trading of CO₂ emissions. As a U.S. Department of Energy Southeast Regional Carbon Sequestration Partner, we have estimated the state-level terrestrial carbon pools in the southeast and south-central US. This region includes: Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Virginia. We have also projected the potential for terrestrial carbon sequestration in the region. Texas is the largest contributor (34%) to greenhouse gas emission in the region. The total terrestrial carbon storage (forest biomass and soils) in the southeast and south-central US is estimated to be 130 Tg C/year. An annual forest carbon sink (estimated as 76 Tg C/year) could compensate for 13% of the regional total annual greenhouse gas emission (505 Tg C, 1990 estimate). Through proper policies and the best land management practices, 54 Tg C/year could be sequestered in soils. Thus, terrestrial sinks can capture 23% of the regional total greenhouse emission and hence are one of the most cost-effective options for mitigating greenhouse emission in the region.     

An estimate of equilibrium sensitivity of global terrestrial carbon cycle using NCAR CCSM4

Increasing concentrations of atmospheric CO₂ influence climate, terrestrial biosphere productivity and ecosystem carbon storage through its radiative, physiological and fertilization effects. In this paper, we quantify these effects for a doubling of CO₂ using a low resolution configuration of the coupled model NCAR CCSM4. In contrast to previous coupled climate-carbon modeling studies, we focus on the near-equilibrium response of the terrestrial carbon cycle. For a doubling of CO₂, the radiative effect on the physical climate system causes global mean surface air temperature to increase by 2.14 K, whereas the physiological and fertilization on the land biosphere effects cause a warming of 0.22 K, suggesting that these later effects increase global warming by about 10 % as found in many recent studies. The CO₂-fertilization leads to total ecosystem carbon gain of 371 Gt-C (28 %) while the radiative effect causes a loss of 131 Gt-C (~10 %) indicating that climate warming damps the fertilization-induced carbon uptake over land. Our model-based estimate for the maximum potential terrestrial carbon uptake resulting from a doubling of atmospheric CO₂ concentration (285–570 ppm) is only 242 Gt-C. This highlights the limited storage capacity of the terrestrial carbon reservoir. We also find that the terrestrial carbon storage sensitivity to changes in CO₂ and temperature have been estimated to be lower in previous transient simulations because of lags in the climate-carbon system. Our model simulations indicate that the time scale of terrestrial carbon cycle response is greater than 500 years for CO₂-fertilization and about 200 years for temperature perturbations. We also find that dynamic changes in vegetation amplify the terrestrial carbon storage sensitivity relative to a static vegetation case: because of changes in tree cover, changes in total ecosystem carbon for CO₂-direct and climate effects are amplified by 88 and 72 %, respectively, in simulations with dynamic vegetation when compared to static vegetation simulations.     

The transportation sector and low-carbon growth pathways: modelling urban,infrastructure, and spatial determinants of mobility

This article contributes to the controversial debate over the effect of spatial organization on CO₂ emissions by investigating the potential of infrastructure measures that favour lower mobility in achieving the transition to a low-carbon economy. The energy–economy–environment (E3) IMACLIM-R model is used to provide a detailed representation of passenger and freight transportation. Unlike many of the E3 models used to simulate mitigation options, IMACLIM-R represents both the technological and behavioural determinants of mobility. By comparing business-as-usual, carbon price only, and carbon price combined with transport policy scenarios, it is demonstrated that the measures that foster a modal shift towards low-carbon modes and a decoupling of mobility needs from economic activity significantly modify the sectoral distribution of mitigation efforts and reduce the level of carbon tax necessary to reach a given climate target relative to a ‘carbon price only’ policy.

Policy relevance

Curbing carbon emissions from transport activities is necessary in order to reach mitigation targets, but it poses a challenge for policy makers. The transport sector has two peculiarities: a weak ability to react to standard pricing measures (which encourages richer policy interventions) and a dependence on long-lived infrastructure (which imposes a delay between policy interventions and effective action). To address these problems, a framework is proposed for analysing the role of transport-specific measures adopted complementarily to carbon pricing in the context of international climate policies. Consideration is given to alternative approaches such as infrastructure measures designed to control mobility through less mobility-intensive denser agglomerations, investment reorientation towards public mode, and logistics reorganization towards less mobility-dependent production processes. Such measures can significantly reduce transport emissions in the long term and hence would moderate an increase in the carbon price and reduce its more important detrimental impacts on the economy.     

Frontiers of CO2 Capture and Utilization (CCU) towards Carbon Neutrality

CO₂ capture, utilization, and storage (CCUS) technology is a rare option for the large-scale use of fossil fuels in a low-carbon way, which will definitely play a part in the journey towards carbon neutrality. Within the CCUS nexus, CCU is especially interesting because these processes will establish a new “atmosphere-to-atmosphere” carbon cycle and thus indirectly offer huge potential in carbon reduction. This study focuses on the new positioning of CCUS in the carbon neutrality scenario and aims to identify potential cutting-edge/disruptive CCU technologies that may find important application opportunities during the decarbonization of the energy and industrial system. To this end, direct air capture (DAC), flexible metal-framework materials (MOFs) for CO₂ capture, integrated CO₂ capture and conversion (ICCC), and electrocatalytic CO₂ reduction (ECR) were selected, and their general introduction, the importance to carbon neutrality, and most up-to-date research progress are summarized.     

Mitigating Carbon Emissions while Advancing National DevelopmentPriorities: The Case of Mexico

We analyze and integrate energy andforestry carbon mitigation scenarios for Mexicobetween the year 1994 and 2010. The energy optionsrange from efficient end-use technologies to renewabletechnologies for electricity generation. Forestryoptions include avoiding deforestation through themanagement of native forests, and two afforestationoptions: restoration plantations and agroforestrysystems. The methodology utilized to evaluatedifferent energy and forestry scenarios is based on a`bottom up' model. In the year 2010, total carbonemissions will reach 879 Tg of CO₂, of which 83%comes from energy consumption. The total carbonmitigation potential reaches 348 Tg of CO₂ by2010, 62% of which comes from forestry options.Mitigation costs range from $–45.9/ton CO₂ to$106.4/ton CO₂. Several options, particularlyconcerning energy technologies, are cost effectivefrom a national perspective. In each sector, differentbarriers can hinder the implementation of mitigationalternatives.     

A review of climate geoengineering proposals

Climate geoengineering proposals seek to rectify the current radiative imbalance via either (1) reducing incoming solar radiation (solar radiation management) or (2) removing CO₂ from the atmosphere and transferring it to long-lived reservoirs (carbon dioxide removal). For each option, we discuss its effectiveness and potential side effects, also considering lifetime of effect, development and deployment timescale, reversibility, and failure risks. We present a detailed review that builds on earlier work by including the most recent literature, and is more extensive than previous comparative frameworks. Solar radiation management propsals are most effective but short-lived, whilst carbon dioxide removal measures gain effectiveness the longer they are pursued. Solar radiation management could restore the global radiative balance, but must be maintained to avoid abrupt warming, meanwhile ocean acidification and residual regional climate changes would still occur. Carbon dioxide removal involves less risk, and offers a way to return to a pre-industrial CO₂ level and climate on a millennial timescale, but is potentially limited by the CO₂ storage capacity of geological reservoirs. Geoengineering could complement mitigation, but it is not an alternative to it. We expand on the possible combinations of mitigation, carbon dioxide removal and solar radiation management that might be used to avoid dangerous climate change.     

Factors influencing anthropogenic carbon dioxide uptake in the North Atlantic in models of the ocean carbon cycle

The uptake and storage of anthropogenic carbon in the North Atlantic is investigated using different configurations of ocean general circulation/carbon cycle models. We investigate how different representations of the ocean physics in the models, which represent the range of models currently in use, affect the evolution of CO₂ uptake in the North Atlantic. The buffer effect of the ocean carbon system would be expected to reduce ocean CO₂ uptake as the ocean absorbs increasing amounts of CO₂. We find that the strength of the buffer effect is very dependent on the model ocean state, as it affects both the magnitude and timing of the changes in uptake. The timescale over which uptake of CO₂ in the North Atlantic drops to below preindustrial levels is particularly sensitive to the ocean state which sets the degree of buffering; it is less sensitive to the choice of atmospheric CO₂ forcing scenario. Neglecting physical climate change effects, North Atlantic CO₂ uptake drops below preindustrial levels between 50 and 300 years after stabilisation of atmospheric CO₂ in different model configurations. Storage of anthropogenic carbon in the North Atlantic varies much less among the different model configurations, as differences in ocean transport of dissolved inorganic carbon and uptake of CO₂ compensate each other. This supports the idea that measured inventories of anthropogenic carbon in the real ocean cannot be used to constrain the surface uptake. Including physical climate change effects reduces anthropogenic CO₂ uptake and storage in the North Atlantic further, due to the combined effects of surface warming, increased freshwater input, and a slowdown of the meridional overturning circulation. The timescale over which North Atlantic CO₂ uptake drops to below preindustrial levels is reduced by about one-third, leading to an estimate of this timescale for the real world of about 50 years after the stabilisation of atmospheric CO₂. In the climate change experiment, a shallowing of the mixed layer depths in the North Atlantic results in a significant reduction in primary production, reducing the potential role for biology in drawing down anthropogenic CO₂.     

A national approach to greenhouse gas abatement through blue carbon management

There is increasing interest in protecting, restoring and creating ‘blue carbon’ ecosystems (BCE; mangroves, tidal marshes and seagrasses) to sequester atmospheric CO₂-C and thereby contribute to climate change mitigation. While a growing number of countries aspire to report greenhouse gas emission and carbon sequestration changes from these ecosystems under voluntary international reporting requirements, few countries have domestic policy frameworks that specifically support the quantification and financing of carbon emission abatement through BCE management.Australia, as home to approximately 5–11% of global blue carbon stocks, has a substantial interest in the development of blue carbon policy. Here we assess the potential inclusion of blue carbon within Australia's Emissions Reduction Fund, emphasizing issues and approaches that have global relevance. We used a participatory workshop of scientific experts and carbon industry stakeholders to identify blue carbon management actions that would meet the requirements of the Fund. In total, twelve actions were assessed for their greenhouse gas emission abatement potential and the ability to measure abatement reliably, using a combination of available data and qualitative and quantitative methods, including expert knowledge.We identify and discuss the five most relevant and promising activities, encompassing the protection, restoration and creation of mangroves, tidal marshes and seagrasses. On a per area basis, mean abatement intensity of organic carbon (C_org) was highest for the (re)introduction of tidal flow resulting in establishment of mangrove (13–15 Mg C_org ha⁻¹ yr⁻¹) and tidal marsh (6–8 Mg C_org ha⁻¹ yr⁻¹), followed by land use planning for sea-level rise for the creation of new mangrove habitat (8 Mg C_org ha⁻¹ yr⁻¹). The avoided disturbance of existing mangroves, tidal marshes and seagrasses has the twofold benefit of avoiding remineralisation of existing stocks, plus the future annual abatement associated with the net sequestration of atmospheric CO₂-C as C_org with the continued functioning of these BCE. Our approach offers a template that uses best available information to identify options for carbon abatement through management of coastal landscapes, and details current knowledge gaps and important technical aspects that need to be considered for implementation in carbon crediting schemes.     

Quality of geological CO2 storage to avoid jeopardizing climate targets

We explore allowable leakage for carbon capture and geological storage to be consistent with maximum global warming targets of 2.5 and 3 °C by 2100. Given plausible fossil fuel use and carbon capture and storage scenarios, and based on modeling of time-dependent leakage of CO₂, we employ a climate model to calculate the long-term temperature response of CO₂ emissions. We assume that half of the stored CO₂ is permanently trapped by fast mechanisms. If 40?% of global CO₂ emissions are stored in the second half of this century, the temperature effect of escaped CO₂ is too small to compromise a 2.5 °C target. If 80?% of CO₂ is captured, escaped CO₂ must peak 300?years or later for consistency with this climate target. Due to much more CO₂ stored for the 3 than the 2.5 °C target, quality of storage becomes more important. Thus for the 3 °C target escaped CO₂ must peak 400?years or later in the 40?% scenario, and 3000?years or later in the 80?% scenario. Consequently CO₂ escaped from geological storage can compromise the less stringent 3 °C target in the long-run if most of global CO₂ emissions have been stored. If less CO₂ is stored only a very high escape scenario can compromise the more stringent 2.5 °C target. For the two remaining combinations of storage scenarios and climate targets, leakage must be high to compromise these climate targets.     

Sensitivity of terrestrial carbon storage to CO2-induced climate change: Comparison of four scenarios based on general circulation models

The potential impacts of CO₂-induced climate change on terrestrial carbon storage was estimated using the Holdridge Life-Zone Classification and four climate change scenarios derived from general circulation models. Carbon values were assigned to life-zones and their associated soils from published studies. All four scenarios suggest an increase in area occupied by forests although details of predicted patterns vary among the scenarios. There is a poleward shift of the forested zones, with an increase in the areal extent of tropical forests and a shift of the boreal forest zone into the region currently occupied by tundra. Terrestrial carbon storage increased from 0.4% (8.5 Gt) to 9.5% (180.5 Gt) above estimates for present conditions. These changes represent a potential reduction of 4 to 85 ppm on elevated atmospheric CO₂ levels.     

Simulated changes in vegetation distribution, land carbon storage, and atmospheric CO2 in response to a collapse of the North Atlantic thermohaline circulation

It is investigated how abrupt changes in the North Atlantic (NA) thermohaline circulation (THC) affect the terrestrial carbon cycle. The Lund–Potsdam–Jena Dynamic Global Vegetation Model is forced with climate perturbations from glacial freshwater experiments with the ECBILT-CLIO ocean–atmosphere–sea ice model. A reorganisation of the marine carbon cycle is not addressed. Modelled NA THC collapses and recovers after about a millennium in response to prescribed freshwater forcing. The initial cooling of several Kelvin over Eurasia causes a reduction of extant boreal and temperate forests and a decrease in carbon storage in high northern latitudes, whereas improved growing conditions and slower soil decomposition rates lead to enhanced storage in mid-latitudes. The magnitude and evolution of global terrestrial carbon storage in response to abrupt THC changes depends sensitively on the initial climate conditions. These were varied using results from time slice simulations with the Hadley Centre model HadSM3 for different periods over the past 21 kyr. Changes in terrestrial storage vary between −67 and +50 PgC for the range of experiments with different initial conditions. Simulated peak-to-peak differences in atmospheric CO₂ are 6 and 13 ppmv for glacial and late Holocene conditions. Simulated changes in δ¹³C are between 0.15 and 0.25‰. These simulated carbon storage anomalies during a NA THC collapse depend on their magnitude on the CO₂ fertilisation feedback mechanism. The CO₂ changes simulated for glacial conditions are compatible with available evidence from marine studies and the ice core CO₂ record. The latter shows multi-millennial CO₂ variations of up to 20 ppmv broadly in parallel with the Antarctic warm events A1 to A4 in the South and cooling in the North.     

Electric sector investments under technological and policy-related uncertainties: a stochastic programming approach

Although emerging technologies like carbon capture and storage and advanced nuclear are expected to play leading roles in greenhouse gas mitigation efforts, many engineering and policy-related uncertainties will influence their deployment. Capital-intensive infrastructure decisions depend on understanding the likelihoods and impacts of uncertainties such as the timing and stringency of climate policy as well as the technological availability of carbon capture systems. This paper demonstrates the utility of stochastic programming approaches to uncertainty analysis within a practical policy setting, using uncertainties in the US electric sector as motivating examples. We describe the potential utility of this framework for energy-environmental decision making and use a modeling example to reinforce these points and to stress the need for new tools to better exploit the full range of benefits the stochastic programming approach can provide. Model results illustrate how this framework can give important insights about hedging strategies to reduce risks associated with high compliance costs for tight CO₂ caps and low CCS availability. Metrics for evaluating uncertainties like the expected value of perfect information and the value of the stochastic solution quantify the importance of including uncertainties in capacity planning, of making precautionary low-carbon investments, and of conducting research and gathering information to reduce risk.     

Biological carbon sequestration and carbon trading re-visited

Biological activities that sequester carbon create CO₂ offset credits that could obviate the need for reductions in fossil fuel use. Credits are earned by storing carbon in terrestrial ecosystems and wood products, although CO₂ emissions are also mitigated by delaying deforestation, which accounts for one-quarter of anthropogenic CO₂ emissions. However, non-permanent carbon offsets from biological activities are difficult to compare with each other and with emissions reduction because they differ in how long they prevent CO₂ from entering the atmosphere. This is the duration problem. It results in uncertainty and makes it hard to determine the legitimacy of biological activities in mitigating climate change. Measuring, verifying and monitoring the carbon sequestered in sinks greatly increases transaction costs and leads to rent seeking by sellers of dubious sink credits. While biological sink activities undoubtedly help mitigate climate change and should not be neglected, it is shown that there are limits to the substitutability between temporary offset credits from these activities and emissions reduction, and that this has implications for carbon trading. A possible solution to inherent incommensurability between temporary and permanent credits is also suggested.