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Editorial: Forest carbon credits as a nature-based solution to climate change?
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Journal Article
Editorial: Forest carbon credits as a nature-based solution to climate change?
2023
Overview
[...]compliance and voluntary carbon markets are growing worldwide, boosting supply of and demand for carbon credits from protecting, managing, and restoring forests. Market design, regulatory, governance, and implementation issues all need to be resolved to scale forest carbon credits as an efficient policy tool with high environmental integrity, which drives down net greenhouse gas emissions, enhances broad climate mitigation ambition, and fosters equitable and sustainable economic development. Haya et al. take stock of the current literature on the principal quality attributes a carbon crediting methodology for improved forest management should aspire to, discuss how main project-based forest carbon crediting methodologies fare relative to recommendations from academic research, and suggest pathways for improvements. Areas where further academic research on forest carbon credits could inform improved policymaking include the setting of crediting baselines; duration-related concepts—risks of emissions reversals and appropriate scales for buffer pools or pricing of insurance against reversals; innovative ways to address duration and leakage; quantification methods for forest carbon stocks and fluxes and carbon content in wood-based products; measurement of forest-related scope 3 emissions in supply chains; transaction costs and ways to minimize them; and disentangling the effects of natural and human disturbances on forests.
Publisher
Frontiers Media SA,Frontiers Media S.A
Subject
/ Forests
