Assessment of atmospheric carbon sequestration in forest products

An integrated assessment of carbon balance in biomass removed during lumbering and transformed into products of forest, woodworking, and pulp and paper industry is conducted. Carbon sequestration was calculated with the IPCC technique. Depending on the economic state of the forest complex, from 1961 to 2005, its products can be both a source of emission of about 15 Mt CO₂ per year and a pool that can uptake up to 54.1 Mt CO₂ per year. In 2004, 28.3 Mt CO₂ or 1.4% equivalent emission from other national economy sectors came to forest products from the atmosphere. Rational use of forest products and reduced non-productive losses of raw wood can lead to a significant contribution of the forest complex to decrease in greenhouse gas emissions into the atmosphere.     

International Trade in Wood Products: Its Role in the Land Use Change andForestry Carbon Cycle

Accounting harvested wood products and their trade as an integral part of thecarbon cycle of a managed forest is achallenging task. Nevertheless, an appropriate way is especially needed nowthat harvested wood products may be includedin Article 3.4 of the Kyoto Protocol. The adoption of a method for accountingfor these flows in the IPCC guidelines mayhave implications for the trade of wood products and thus on global forestmanagement.Four methods of accounting for wood products in an international perspective areanalyzed in the present study. The aimis to obtain insight in the technical and policy implications of the proposedmethods. These methods include the presentdefault IPCC method and three alternatives: flow consumption, flow production,and stock change. All fourmethodologies are applied to the 1990 data of Gabon, Sweden, and TheNetherlands.The impact of accounting for wood products using alternative methods has –in some cases – a large impact on the carbonbalance of the Land Use Change and Forestry (LUCF) sector. In the case of TheNetherlands, it was found that theLUCF carbon balance could be `converted' from a sink into a source dependingon the method chosen. However,the LUCF sector is very small compared to the total national carbon balancein The Netherlands. In Sweden, a countrywhere the forest sector plays an important role, the alternative wood productmethods influence the total nationalcarbon balance by 34%. In Gabon, a country with conversion forestry,the impact of alternative wood productmethods hardly influences the LUCF carbon balance because the emissions fromdeforestation are very large.The accounting method may have a large impact on the way countries regardtheir trade in wood products. It may bepossible for countries to buy a sink through the wood products trade, byimporting products faster than they decomposedomestically. In the case of Gabon with its conversion forestry (the changefrom forest into other types of land use, like agriculture,it was foundthat under the flow consumption method,this country can partly export the carbon sources resulting fromnonsustainable forest management. Nor is this lattermethod consistent with the energy chapter of the IPCC guidelines. The stockchange method seems to be a suitablemethod, combining precise accounting and simplicity. This method is also anincentive for the use of wood in long-lifeproducts and bioenergy, and for sustainable forest management.     

Global forest products markets and forest sector carbon impacts of projected sea level rise

Sea level rise (SLR) is among the climate-change-related problems of greatest concern, threatening the lives and property of coastal residents and generating far-reaching economic and ecological impacts. We project that SLR will lead to an increase in the rate of new housing construction to replace destroyed structures, impact global wood products supply and demand conditions, and cause changes in global forest sector carbon mitigation potential. Findings indicate that 71 million new units will be built by 2050 to accommodate the SLR-affected global population. More than two-thirds of these new units are projected to be in Asia. The estimated extra wood products needed to build these new residential units is 1,659 million m³, assuming that all these structures would be built mainly with wood, representing a 4 % increase in total wood consumption, compared to projected reference level global wood products consumption. Increased timber removals to meet this higher construction wood demand (alternative scenario) is shown to deplete global forest carbon by 2 % by 2050 compared to the reference scenario. However, all such projected declines in forest biomass carbon could be more than offset by increased carbon sequestration in harvested wood products, avoided emissions due to substitution of wood for non-wood materials in construction, and biomass regrowth on forestland by 2050, with an estimated net emissions reduction benefit of 0.47 tCO₂e/tCO₂e of extra wood used in SLR-related new houses over 30 years. The global net emissions reduction benefit increased to 2.13 tCO₂e/tCO₂e of extra wood when price-induced changes in forest land area were included.     

Potential impact of albedo incorporation in boreal forest sector climate change policy effectiveness

Forests have an important role to play in climate change mitigation through carbon sequestration and wood supply. However, the lower albedo of mature forests compared to bare land implies that focusing only on GHG accounting may lead to biased estimates of forestry's total climatic impacts. An economic model with a high degree of detail of the Norwegian forestry and forest industries is used to simulate GHG fluxes and albedo impacts for the next decades. Albedo is incorporated in a carbon tax/subsidy scheme in the Norwegian forest sector using a partial, spatial equilibrium model. While a price of EU€100/tCO₂e that targets GHG fluxes only results in reduced harvests, the same price including albedo leads to harvest levels that are five times higher in the first five years, with 39% of the national productive forest land base being cleared. The results suggest that policies that only consider GHG fluxes and ignore changes in albedo will not lead to an optimal use of the forest sector for climate change mitigation.

Policy relevance

Bare land reflects a larger share of incoming solar energy than dense forest and thus has higher albedo. Earlier research has suggested that changes in albedo caused by management of boreal forest may be as important as carbon fluxes for the forest's overall global warming impacts. The presented analysis is the first attempt to link albedo to national-scale forest climate policies. A policy with subsidies to forest owners that generate carbon sequestration and taxes levied on carbon emissions leads to a reduced forest harvest. However, including albedo in the policy alongside carbon fluxes yields very different results, causing initial harvest levels to increase substantially. The inclusion of albedo impacts will make harvests more beneficial for climate change mitigation as compared to a carbon-only policy. Hence, it is likely that carbon policies that ignore albedo will not lead to optimal forest management for climate change mitigation.     

Stock changes or fluxes? Resolving terminological confusion in the debate on land-use change and forestry

Abstract

This article collates definitions of some key terms commonly used in greenhouse gas reporting and accounting for the Land Use, Land-Use Change and Forestry (LULUCF) sector, and highlights areas of ambiguity and divergent interpretations of key concepts. It uses the example of harvested wood products to demonstrate the impact of different interpretations. The objective is to facilitate clear communication amongst negotiators and practitioners in relation to the terms emissions, removals, sources and sinks. Confusion and misunderstandings that have arisen in the past are rooted in diverging interpretations of the terms ‘emissions’ and ‘removals’ in the context of land use and wood products. One interpretation sees emissions and removals to be approximated by a change in carbon stocks in a number of selected carbon pools that may include or exclude harvested wood products. Another interpretation views emissions and removals as gross fluxes between the atmosphere and the land/wood products system. The various alternative approaches that have been proposed for reporting for harvested wood products are applicable to one or the other of these interpretations: the stock-change and production approaches, focused on stock changes, are applicable to the first interpretation; whereas the atmospheric flow and simple decay approaches focus on fluxes, as in the second interpretation. Whether emissions/removals are approximated by stock change or from gross fluxes, it is critical that a consistent approach is applied across the whole LULUCF/AFOLU sector. Approaches based on stock change are recommended over those based on fluxes.     

Dynamics of Russian Forests and the Carbon Budget in 1961–1998: An Assessment Based on Long-Term Forest Inventory Data

Development trends of Russian forests and their impact on the global carbon budget were assessed at the national level on the basis of long-term forest inventory data (1961–1998). Over this period, vegetation of Russian forest lands are estimated as a carbon sink, with an annual average level of carbon sequestration in vegetational organic matter of 210 ± 30 Tg C · yr^–1 (soil carbon is not considered in this study), of which 153 Tg C · yr^–1 were accumulated in live biomass and 57 Tg C · yr^–1 in dead wood. The temporal variability of the sink is very large; for the five-year averages used in the analysis, the C sequestration varies from about 60 to above 300 Tg C· yr^–1. It is shown that long-term forest inventory data could serve as an important information base for assessing crucial indicators of full carbon accounting of forests.     

Carbon sequestration via wood harvest and storage: An assessment of its harvest potential

A carbon sequestration strategy has recently been proposed in which a forest is actively managed, and a fraction of the wood is selectively harvested and stored to prevent decomposition. The forest serves as a ‘carbon scrubber’ or ‘carbon remover’ that provides continuous sequestration (negative emissions). Earlier estimates of the theoretical potential of wood harvest and storage (WHS) based on coarse wood production rates were 10?±?5 GtC y^?1. Starting from this physical limit, here we apply a number of practical constraints: (1) land not available due to agriculture; (2) forest set aside as protected areas, assuming 50 % in the tropics and 20 % in temperate and boreal forests; (3) forests difficult to access due to steep terrain; (4) wood use for other purposes such as timber and paper. This ‘top-down’ approach yields a WHS potential 2.8 GtC y^?1. Alternatively, a ‘bottom-up’ approach, assuming more efficient wood use without increasing harvest, finds 0.1–0.5 GtC y^?1 available for carbon sequestration. We suggest a range of 1–3 GtC y^?1 carbon sequestration potential if major effort is made to expand managed forests and/or to increase harvest intensity. The implementation of such a scheme at our estimated lower value of 1 GtC y^?1 would imply a doubling of the current world wood harvest rate. This can be achieved by harvesting wood at a moderate harvesting intensity of 1.2 tC ha^?1 y^?1, over a forest area of 8 Mkm² (800 Mha). To achieve the higher value of 3 GtC y^?1, forests need to be managed this way on half of the world’s forested land, or on a smaller area but with higher harvest intensity. We recommend WHS be considered part of the portfolio of climate mitigation and adaptation options that needs further research.     

Economics of climate change mitigation forest policy scenarios for Ukraine

Abstract

This article reveals the contribution of woodland expansion in Ukraine to climate change mitigation policies. The opportunities for climate change mitigation of three policy scenarios: (1) carbon storage in forests, (2) carbon storage and additional wood-for-fuel substitution, and (3) carbon storage with additional sink policy for wood products, are investigated by using a simulation technique, in combination with cost—benefit analysis. The article concludes that the Ukraine's forests and their expansion offer a low-cost opportunity for carbon sequestration. Important factors that influence the results are the discount rate and the time horizon considered in the models. The findings provide evidence that the storage climate change mitigation forest policy scenario is most viable for the country, under the assumptions considered in this research.     

CARBON EMISSIONS FROM MEXICAN FORESTS: CURRENT SITUATION AND LONG-TERM SCENARIOS

Estimates of carbon emissions from the forest sector in Mexico are derived for the year 1985 and for two contrasting scenarios in 2025. The analysis covers both tropical and temperate closed forests. In the mid-1980s, approximately 804,000 ha/year of closed forests suffered major perturbations, of which 668,000 ha was deforestation. Seventy-five percent of total deforestation is concentrated in tropical forests. The resulting annual carbon balance from land-use change is estimated at 67.0 × 10⁶ tons/year, which lead to net emissions of 52.3 × 10⁶ tons/year accounting for the carbon uptake in restoration plantations and degraded forest lands. This last figure represents approximately 40% of the country's estimated annual total carbon emissions for 1985–1987. The annual carbon balance from the forest sector in 2025 is expected to decline to 28.0 × 10⁶ t in the reference scenario and to become negative (i.e., a carbon sink), 62.0 × 10⁶ t in the policy scenario. A number of policy changes are identified that would help achieve the carbon sequestration potential identified in this last scenario.     

How the future of the global forest sink depends on timber demand,forest management,and carbon policies

Deforestation has contributed significantly to net greenhouse gas emissions, but slowing deforestation, regrowing forests and other ecosystem processes have made forests a net sink. Deforestation will still influence future carbon fluxes, but the role of forest growth through aging, management, and other silvicultural inputs on future carbon fluxes are critically important but not always recognized by bookkeeping and integrated assessment models. When projecting the future, it is vital to capture how management processes affect carbon storage in ecosystems and wood products. This study uses multiple global forest sector models to project forest carbon impacts across 81 shared socioeconomic (SSP) and climate mitigation pathway scenarios. We illustrate the importance of modeling management decisions in existing forests in response to changing demands for land resources, wood products and carbon. Although the models vary in key attributes, there is general agreement across a majority of scenarios that the global forest sector could remain a carbon sink in the future, sequestering 1.2–5.8 GtCO2e/yr over the next century. Carbon fluxes in the baseline scenarios that exclude climate mitigation policy ranged from −0.8 to 4.9 GtCO2e/yr, highlighting the strong influence of SSPs on forest sector model estimates. Improved forest management can jointly increase carbon stocks and harvests without expanding forest area, suggesting that carbon fluxes from managed forests systems deserve more careful consideration by the climate policy community.     

A Review of Forest Carbon Sequestration Cost Studies: A Dozen Years of Research

Researchers have been analyzing the costs of carbon sequestration for approximately twelve years. The purpose of this paper is to critically review the carbon sequestration cost studies of the past dozen years that have evaluated the cost-effectiveness of the forestry option. Several conclusions emerge. While carbon sequestration cost studies all contain essentially the same components they are not comparable on their face due to the inconsistent use of terms, geographic scope, assumptions, program definitions, and methods. For example, there are at least three distinct definitions for a `ton of carbon' that in turn lead to significantly different meanings for the metric `dollars per ton of carbon'. This difference in carbon accounting further complicates comparison of studies. After adjusting for the variation among the studies, it appears that carbon sequestration may play a substantial role in a global greenhouse gas emissions abatement program. In the cost range of 10 to 150 dollars per ton of carbon it may be possible to sequester 250 to 500 million tons per year in the United States, and globally upwards of 2,000 million tons per year, for several decades. However, there are two unresolved issues that may seriously affect the contribution of carbon sequestration to a greenhouse gas mitigation program, and they will likely have counteracting effects. First, the secondary benefits of agricultural land conversion to forests may be as great as the costs. If that is the case, then the unit costs essentially disappear, making carbon sequestration a no-regrets strategy. In the other direction, if leakage is a serious issue at both the national and international levels, as suggested by some studies, then it may occur that governments will expend billions of dollars in subsidies or other forms of incentives, with little or no net gain in carbon, forests or secondary benefits. Preliminary results suggest that market interactions in carbon sequestration program analyses require considerably more attention. This is especially true for interactions between the forest and agricultural land markets and between the wood product sink and the timber markets.     

Carbon Budget of the Indian Forest Ecosystem

The paper quantifies the role of Indian forests as source or sink of carbon. The model used in the study takes into account the growing stock, additional tree organs, dead biomass, litter layer and soil organic matter, harvesting and harvesting losses, effects of pests, fire etc., allocation of timber to wood products, life span of products including recycling and allocation to landfills. The net carbon balance calculated as the net source or sink of the forest sector was assessed for the year 1993–94. The study isimportant in view of the obligation placed by the United Nations Framework Convention on Climate Change (UNFCCC) on the signatory nations to provide a periodic update of carbon budget in the atmosphere. For the available data and the underlying assumptions, the results of the carbon budget model indicated that the Indian forest sector acted as a source of 12.8 TgC (including accumulation of carbon in the dead biomass) for the year 1994. The results obtained reinforced the notion that an integrated approach is required in order to evaluate the forest sector's influence on the global atmospheric carbon levels. The model used in this study has the advantage that all the factors determining the carbon budget can be integrated and altered to determine their influence. The study also throws light on the issues that stand in the way of preparing through carbon budget for developing countries like India.     

Carbon balance in the forest sector in Finland during 1990–2039

In this study we estimated the amount of carbon (C) stored in the forest growing stock and in wood-based products, and the C-sequestration capacity of the forest sector in Finland. Comparison of different management and utilization options for forest resources over the period 1990-2039 indicates that C is stored more efficiently in standing timber than in wood-based products. This implies that an appropriate increase in the length of the rotation in forestry could be optimal for balancing the needs of forest resources for C sequestration and timber production. Increased use of wood, based on sustainable use of forest resources, to substitute for fossil fuels and materials, could decrease the overall C emissions. Release of sequestered C back to the atmosphere can be delayed by prolonging product lifespans, by increasing recycling, or by disposing of discarded products in landfills. To delay C release, and affect the C balance, however, these changes should be substantial.In 1990, the net C balance of the growing stemwood stock was 5.5 Tg C/a, which increased to 16.3 Tg C/a by 2039 if in the future the use of wood would be at the level of the late 1980s. Increased use of wood resulted in a balance of 6.6 Tg C/a or -0.2 Tg C/a, depending on the extent of the use of wood. The average C balance in wood products for the whole period was 3.9, 5.6 or 6.6 Tg C/a, respectively. Changes in production capacity, and consideration of timber and product import and export decreased the average balance from 6.6 Tg C/a to 0.9–1.3 Tg C/a. By comparison, emission from the use of fossil fuels in 1990 C was 14.5 Tg C/a.     

CARBON FLOW IN INDIAN FORESTS

The present study estimates the net emission of carbon from the forest sector in India. For the reference year (1986), the gross emission from deforestation in that year, plus committed emissions from deforestation in the preceding years, is estimated to be 64 × 10⁶ t of C. The carbon sequestration (or net woody biomass accumulation in trees for long-term storage) from the area brought under tree plantations and the existing forest area under forest succession is estimated to offset the gross carbon emission in India, leading to no net emissions of carbon from the forest sector. Medium-term projections for India (for the year 2011) show that under a business as usual scenario at current rates of afforestation, projected carbon emissions would continue to be balanced by sequestration.     

Carbon sequestration and environmental effects of afforestation with Pinus radiata D. Don in the Western Cape, South Africa

A three-step methodology to assess the carbon sequestration and the environmental impact of afforestation projects in the framework of the Flexible Mechanisms of the Kyoto Protocol (Joint Implementation and Clean Development Mechanism) was developed and tested using a dataset collected from the Jonkershoek forest plantation, Western Cape, South Africa, which was established with Pinus radiata in former native fynbos vegetation and indigenous forest. The impact of a change in land use was evaluated for a multifunctional, a production and a non-conversion scenario. First, the carbon balance was modelled with GORCAM and was expressed as (1) C sequestration in tC ha⁻¹ year⁻¹ in soil, litter, and living biomass according to the rules of the first commitment period of the Kyoto Protocol, and (2) CO₂ emission reductions in tC ha⁻¹ year⁻¹, which includes carbon sequestered in the above-mentioned pools and additionally in wood products, as well as emission reductions due to fossil fuel substitution. To estimate forest growth, three data sources were used: (1) inventory data, (2) growth simulation with a process-based model, and (3) yield tables. Second, the effects of land use change were assessed for different project scenarios using a method related to Life Cycle Assessment (LCA). The method uses 17 quantitative indicators to describe the impact of project activities on water, soil, vegetation cover and biodiversity. Indicator scores were calculated by comparing indicator values with reference values, estimated for the climax vegetation. The climax vegetation is the site-specific ecosystem phase with the highest exergy content and the highest exergy flow dissipation capacity. Third, the land use impact per functional unit of 1 tC sequestered was calculated by combining the results of step 1 and step 2. The average baselines to obtain carbon additionality are 476 tC ha⁻¹ for indigenous forest and 32 tC ha⁻¹ for fynbos. Results show that the influence of the growth assessment method on the magnitude of C sequestration and hence on the environmental impact per functional unit is large. When growth rate is assessed with the mechanistic model and with the yield table, it is overestimated in the early years and underestimated in the long term. The main conclusion of the scenario analysis is that the production forest scenario causes higher impacts per functional unit than the multifunctional scenario, but with the latter being less efficient in avoiding CO₂ emissions. The proposed method to assess impacts on diverse components of the ecosystem is able to estimate the general tendency of the adverse and positive effects of each scenario. However, some indicators, more specifically about biodiversity and water balance, could be improved or reinterpreted in light of specific local data about threat to biodiversity and water status.     

Sectoral approaches to improve regional carbon budgets

Humans utilise about 40% of the earth’s net primary production (NPP) but the products of this NPP are often managed by different sectors, with timber and forest products managed by the forestry sector and food and fibre products from croplands and grasslands managed by the agricultural sector. Other significant anthropogenic impacts on the global carbon cycle include human utilization of fossil fuels and impacts on less intensively managed systems such as peatlands, wetlands and permafrost. A great deal of knowledge, expertise and data is available within each sector. We describe the contribution of sectoral carbon budgets to our understanding of the global carbon cycle. Whilst many sectors exhibit similarities for carbon budgeting, some key differences arise due to differences in goods and services provided, ecology, management practices used, land-management personnel responsible, policies affecting land management, data types and availability, and the drivers of change. We review the methods and data sources available for assessing sectoral carbon budgets, and describe some of key data limitations and uncertainties for each sector in different regions of the world. We identify the main gaps in our knowledge/data, show that coverage is better for the developed world for most sectors, and suggest how sectoral carbon budgets could be improved in the future. Research priorities include the development of shared protocols through site networks, a move to full carbon accounting within sectors, and the assessment of full greenhouse gas budgets.     

Temporal Assessment of Growing Stock, Biomass and Carbon Stock of Indian Forests

The dynamics of terrestrial ecosystems depends on interactions between carbon, nutrient and hydrological cycles. Terrestrial ecosystems retain carbon in live biomass (aboveground and belowground), decomposing organic matter, and soil. Carbon is exchanged naturally between these systems and the atmosphere through photosynthesis, respiration, decomposition, and combustion. Human activities change carbon stock in these pools and exchanges between them and the atmosphere through land-use, land-use change, and forestry.In the present study we estimated the wood (stem) biomass, growing stock (GS) and carbon stock of Indian forests for 1984 and 1994. The forest area, wood biomass, GS, and carbon stock were 63.86 Mha, 4327.99 Mm³, 2398.19 Mt and 1085.06 Mt respectively in 1984 and with the reduction in forest area, 63.34 Mha, in 1994, wood biomass (2395.12 Mt) and carbon stock (1083.69 Mt) also reduced subsequently. The Conifers, of temperate region, stocked maximum carbon in their woods, 28.88 to 65.21 t C ha⁻¹, followed by Mangrove forests, 28.24 t C ha⁻¹, Dipterocarp forests, 28.00 t C ha⁻¹, and Shorea robusta forests, 24.07 t C ha⁻¹. Boswellia serrata, with 0.22 Mha forest area, stocked only 3.91 t C ha⁻¹. To have an idea of rate of carbon loss the negative changes (loss of forest area) in forest area occurred during 1984–1994 (10yrs) and 1991–1994 (4yrs) were also estimated. In India, land-use changes and fuelwood requirements are the main cause of negative change. Total 24.75 Mt C was lost during 1984–1994 and 21.35 Mt C during 1991–94 at a rate of 2.48 Mt C yr⁻¹ and 5.35 Mt C yr⁻¹ respectively. While in other parts of India negative change is due to multiple reasons like fuelwood, extraction of non-wood forest products (NWFPs), illicit felling etc., but in the northeastern region of the country shifting cultivation is the only reason for deforestation. Decrease in forest area due to shifting cultivation accounts for 23.0% of the total deforestation in India, with an annual loss of 0.93 Mt C yr⁻¹.     

Impacts of Climate Change on the Global Forest Sector

The path and magnitude of future anthropogenic emissions of carbon dioxide will likely influence changes in climate that may impact the global forest sector. These responses in the global forest sector may have implications for international efforts to stabilize the atmospheric concentration of carbon dioxide. This study takes a step toward including the role of global forest sector in integrated assessments of the global carbon cycle by linking global models of climate dynamics, ecosystem processes and forest economics to assess the potential responses of the global forest sector to different levels of greenhouse gas emissions. We utilize three climate scenarios and two economic scenarios to represent a range of greenhouse gas emissions and economic behavior. At the end of the analysis period (2040), the potential responses in regional forest growing stock simulated by the global ecosystem model range from decreases and increases for the low emissions climate scenario to increases in all regions for the high emissions climate scenario. The changes in vegetation are used to adjust timber supply in the softwood and hardwood sectors of the economic model. In general, the global changes in welfare are positive, but small across all scenarios. At the regional level, the changes in welfare can be large and either negative or positive. Markets and trade in forest products play important roles in whether a region realizes any gains associated with climate change. In general, regions with the lowest wood fiber production cost are able to expand harvests. Trade in forest products leads to lower prices elsewhere. The low-cost regions expand market shares and force higher-cost regions to decrease their harvests. Trade produces different economic gains and losses across the globe even though, globally, economic welfare increases. The results of this study indicate that assumptions within alternative climate scenarios and about trade in forest products are important factors that strongly influence the effects of climate change on the global forest sector.     

伐木制品碳储量议题的谈判进展

伐木制品碳储量对森林生态系统和大气之间的碳平衡起着至关重要的作用,伐木制品替代化石燃料,以及延长产品使用寿命对于减缓温室气体的排放具有很大的潜力。因此,伐木制品的碳储量议题已被列为《联合国气候变化框架公约》谈判的重要议题,并且将成为今后林业议题谈判的重要内容之一。在参与林业议题谈判和分析相关谈判资料的基础上,对各主要谈判方的观点作了简要总结,指出了目前该议题谈判存在的主要问题,并指出了今后谈判和研究的主要方向以及我国谈判的建议,以期为我国今后的履约战略提供支持。     

The contribution of forest carbon credit projects to addressing the climate change challenge

This article addresses the question of how forestry projects, given the recently improved standards for the accounting of carbon sequestration, can benefit from existing and emerging carbon markets in the world. For a long time, forestry projects have been set up for the purpose of generating carbon credits. They were surrounded by uncertainties about the permanence of carbon sequestration in trees, potential replacement of deforestation due to projects (leakage), and how and what to measure as sequestered carbon. Through experience with Joint Implementation (JI) and Clean Development Mechanism (CDM) forestry projects, albeit limited, and with forestry projects in voluntary carbon markets, considerable improvements have been made with accounting of carbon sequestration in forests, resulting in a more solid basis for carbon credit trading. The scope of selling these credits exists both in compliance markets, although currently with strong limitations, and in voluntary markets for offsetting emissions with carbon credits. Improved carbon accounting methods for forestry investments can also enhance the scope for forestry in the Nationally Determined Contributions (NDCs) that countries must prepare under the Paris Agreement.

POLICY RELEVANCE

This article identifies how forestry projects can contribute to climate change mitigation. Forestry projects have addressed a number of challenges, like reforestation, afforestation on degraded lands, and long-term sustainable forest management. An interesting new option for forestry carbon projects could be the NDCs under the Paris Agreement in December 2015. Initially, under CDM and JI, the number of forestry projects was far below that for renewable energy projects. With the adoption of the Paris Agreement, both developed and developing countries have agreed on NDCs for country-specific measures on climate change mitigation, and increased the need for investing in new measures. Over the years, considerable experience has been built up with forestry projects that fix CO₂ over a long-term period. Accounting rules are nowadays at a sufficient level for the large potential of forestry projects to deliver a reliable, additional contribution towards reducing or halting emissions from deforestation and forest degradation activities worldwide.