Ruling on the ''crunch issues'' of land use, land-use
change and forestry: impacts on project viability Online publication date: Mon, 22-Sep-2003
by Lucio Pedroni
International Journal of Global Energy Issues (IJGEI), Vol. 20, No. 1, 2003
Abstract: Carbon sequestration in forests is undoubtedly one of the most controversial issues of the Kyoto Protocol. Whilst there is agreement that temporary carbon storage in forests contributes to delaying climate change, there is still much controversy about the rules and procedures that should be implemented to give credits to afforestation and reforestation activities under the Clean Development Mechanism (CDM). This paper analyses the viability of two reforestation projects in Nicaragua and Honduras under different scenarios of carbon accounting methodologies, prices for Certified Emission Reductions (CERs), and levels of leakage and risks associated with the projects. Analysis of the scenarios shows that the financial viability of the projects is a function of the carbon accounting methodology used. The current price of CO2 and the rules that are being proposed to address the ''crunch issues'' of Land Use, Land-Use Change and Forestry (LULUCF) will inevitably exclude small scale projects from the CDM.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Global Energy Issues (IJGEI):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook