By Colin A.G. Hunt
Reforestation and warding off deforestation are equipment of harnessing nature to take on worldwide warming - the best problem dealing with humankind. during this booklet, Colin Hunt offers comprehensively with the current and destiny position of forests in weather switch coverage and perform.
The writer offers signposts for how forward in weather swap coverage and provides sensible examples of forestry's function in weather switch mitigation in either constructed and tropical constructing international locations. Chapters on measuring carbon in plantations, their biodiversity advantages and capability for biofuel construction supplement the research. He additionally discusses the opportunity of forestry in weather swap coverage within the usa and different international locations the place regulations to restrict greenhouse fuel emissions were foreshadowed. the writer employs clinical and socio-economic research and lays naked the complexity of forestry markets. A overview of the workings of carbon markets, dependent either at the Kyoto Protocol and voluntary participation, offers a origin from which to discover forestry's position. Emphasis is put on acknowledging how forests' idiosyncrasies have an effect on the layout of markets for sequestered carbon. the belief of forestry's power in constructed nations will depend on the intensity of cuts in greenhouse fuel emissions, including in-country ideas on forestry. a rise in investment for carbon retention in tropical forests is an instantaneous crucial, yet complexities dictate that the assets of finance will be devoted money instead of carbon markets.
This well timed and complete publication might be of serious price to any reader drawn to weather switch. Policy-makers inside foreign enterprises and governments, lecturers and scholars within the fields of geography, economics, technological know-how coverage, forestry, improvement experiences in addition to carbon industry contributors and wooded area builders within the inner most quarter will locate it particularly useful.
Contents: Foreword; Preface; advent; 1. The Making of Markets for Carbon and the possibility of Forestry Offsets; 2. Forestry within the Kyoto Protocol; three. Forestry in Voluntary Carbon Markets; four. Biodiversity advantages of Reforestation and heading off Deforestation; five. Measuring the Carbon in woodland Sinks; 6. Forests as a resource of Biofuels; 7. Forestry within the weather swap rules of chosen constructed international locations; eight. rules for decreasing Emissions from Deforestation and wooded area Degradation (REDD); Index
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Extra resources for Carbon Sinks and Climate Change: Forests in the Fight Against Global Warming (Advances in Ecological Economics)
7 McKinsey (2007a). 5 Global potential for abatement by sector, at price 5 or < €40/t CO2e, GtCO2e per year by 2030 afforestation is also an important contributer to abatement in the US and in countries in transition. 3). 2 Forestry’s Potential in the US The US is a country with a very large land mass, much of which is capable of growing forests. Forestry is not relied upon for economic growth as in many developing countries so that its forests and lands already represent a net forest sink. Reduction in future emissions in the US is made difficult by the fact that the country is characterized by strong population and economic growth and a reliance on carbon-based power generation.
Most Annex B countries have emissions levels above their targets. They are thus in the market to purchase AAUs. Several Annex B countries, for example Russia and the Ukraine, have emissions below their target and these are in the market to sell their surplus reduction units. 1 THE ROLE OF FORESTRY IN COMPLYING WITH TARGETS Separate rules for GHG emissions and removals from the atmosphere have been designed under the Kyoto Protocol for land use, land-use change and forestry (LULUCF) activities because of their unique characteristics.
The authors concluded that present prices for sequestered carbon under the CDM provide an insufficient incentive to establish plantations or to halt continued forest conversion for cattle raising. 7 SUMMARY AND CONCLUSIONS The first part of the chapter illustrated how trading in emission allowances and the purchase of offsets, including forestry offsets, reduces the cost of compliance. There is also a voluntary market for forestry offsets, but these transactions do not enter official carbon balance sheets.