2022
DOI: 10.1016/j.tfp.2021.100171
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Commercial forest carbon protocol over-credit bias delimited by zero-threshold carbon accounting

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Cited by 10 publications
(9 citation statements)
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“…Accounting needs to be improved as well. An analysis of forest carbon accounting indicates that the common carbon market mantra "plant a tree to save the atmosphere/biodiversity/world" is based on commercial forest carbon protocols that have overestimated the carbon trading value of forest carbon by about 2½ times for more than 2 decades (Marino and Bautista, 2022) In short, we consider that redefining market value is the key. An ideal, possibly utopian, scenario might be one where the market focuses primarily on improving and sustaining global environmental health and secondly on GHG emissions cutbacks (though the latter would be a significantly weighted factor).…”
Section: The Carbon Marketmentioning
confidence: 98%
“…Accounting needs to be improved as well. An analysis of forest carbon accounting indicates that the common carbon market mantra "plant a tree to save the atmosphere/biodiversity/world" is based on commercial forest carbon protocols that have overestimated the carbon trading value of forest carbon by about 2½ times for more than 2 decades (Marino and Bautista, 2022) In short, we consider that redefining market value is the key. An ideal, possibly utopian, scenario might be one where the market focuses primarily on improving and sustaining global environmental health and secondly on GHG emissions cutbacks (though the latter would be a significantly weighted factor).…”
Section: The Carbon Marketmentioning
confidence: 98%
“…Reliable and credible multi-year NEE prediction models are also necessary, and require regular auditing, to justify whether a particular site is entitled to receive carbon credit payments (i.e., it is a verifiable carbon sink with cumulative NEE values across the seasons < 0. There are inaccuracies in net-carbon account balances reported for some forest sites, which can result in substantial over-payments under existing commercial forest carbon protocol (CFCP) offsets [89] . One issue is that some sites fail to accurately record soil efflux of carbon and ecosystem respiration.…”
Section: Economic and Climate Change Implications Of Nee Modelsmentioning
confidence: 99%
“…When the light goes out, they are net CO2 emitters. Indeed, analysis of forest carbon accounting indicates that, because of this, for more than two decades commercial forest carbon protocols have overestimated the carbon trading value of forest carbon by about 2½ times [87]. Another negative aspect for expectations that tree planting schemes can make a serious contribution to amelioration of our atmosphere is that "tree numbers have declined to nearly half since the start of human civilisation and over 15 billion trees are lost on an annual basis" [88].…”
Section: Moore Et Al (2022c)mentioning
confidence: 99%
“…It is also why we believe that this change in paradigm would transcend the current vogue for carbon accounting that integrates into the account all possible carbon flows, even those that do not contribute directly to sequestration. Good commercial economic practice this may be, but it ignores the basic biology of the biotechnologies it seeks to analyse and has led to inflation of the carbon trading value of forest carbon [87] and, in our view, critically underestimates, and undervalues, shellfish shells and the CaCO3 produce by planktonic calcifiers in permanent net carbon sequestration. Marine sediments already sequester a great deal of carbon.…”
Section: Solution For Today: Cultivate Shellfish On Industrial Scale ...mentioning
confidence: 99%