Abstract
Opportunities and Challenges for Terrestrial Carbon Offsetting and Marketing, with Some Implications for Forestry in the UK
Highlights
Since the Kyoto Protocol of 1997, climate change has become one of the most important global environmental policy issues
Materials and methods: The paper reviews the literature on the socio-economic aspects of climate change mitigation via forestry to assess the potential for carbon offsetting and trading, and the likely scale of action
We conclude that the development of appropriate socio-economic framework conditions and incentives for creating and trading terrestrial carbon credits are important in mitigating climate change through forestry projects, and we make suggestions for future research that would be required to support such developments
Summary
Since the Kyoto Protocol of 1997, climate change has become one of the most important global environmental policy issues. In the light of recent international agreements on climate change, Annex I countries (developed and transition economies that are signatories to the Kyoto Protocol) are striving to reduce their greenhouse gas (GHG) emissions, and/or to remove CO2 from the atmosphere. Each country has been allocated a number of tonnes of carbon sequestration that can be used to progress its emissions target through forestry. Climate change and its mitigation have become increasingly high profile issues since the late 1990s, with the potential of forestry in carbon sequestration a particular focus. Opportunities for forestry to sequester carbon and the role of terrestrial carbon uptake credits in climate change negotiations are addressed, together with the feasibility of bringing terrestrial carbon offsets into the regulatory emission trading scheme. The paper discusses whether or not significant carbon offsetting and trading will occur on a large scale in the UK or internationally
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