Forests.org News Archive

Non-profit forests news links and archive of materials no longer on web provided on these terms to help find solutions and for posterity

Rate | Printer | Disclaimer & Conditions for Use | Share on Facebook |

Forestry to have big role in U.S. carbon plan

Source:  Copyright 2010, Reuters
Date:  April 7, 2010
Original URL: Status ONLINE


Domestic deals to convert bare lands into forests and keep tree stands healthy could supply 60 percent of available offsets in any U.S. cap-and-trade plan on greenhouse gas emissions, a Barclays Capital analyst said.

The overall supply of domestic offsets could hit 250 million short tons annually by 2020, Trevor Sikorski, a London-based director of carbon markets at Barclays said in a research note.

U.S. forestry and agriculture projects could supply 150 million short tons of those offsets by 2020, the note said.

"Given the political importance of forestry and agriculture in the United States ... (such) offsets will be included in any federal cap-and-trade system," Sikorski said. Trees absorb carbon dioxide as they grow.

In cap-and-trade markets such as the European Union, polluters have the option to invest in offsets, or off-site projects such as small hydropower systems to generate clean electricity or destruction of ...

Continue to Read Full Article at Source



Rate Article: 1 (Worst) to 10 (Best)

 



Related News

15/1/2011 - IDB to help Guyana’s readiness to access forest carbon money, Kaieteu News  [search]

15/12/2010 - California: Timber companies stand to benefit from new climate law | Photo, California Watch  [search]

22/11/2010 - Government unveils carbon farming plan, Australian Broadcasting Corporation  [search]

29/10/2010 - REDD to protect green cover | Nation, Kathmandu Post  [search]

18/9/2010 - Saving our precious old-growth forests, Ventura County Star  [search]

30/8/2010 - Fighting Global Warming by Saving British Columbia's Old Growth Forests, Huffington Post  [search]

24/5/2010 - New Zealand stands by carbon trading plans, Business Green  [search]


More related news


Search the Internet with Forests.org's Search Engine for more information on: 'United States carbon forestry plan'

Forests.org users agree to the site disclaimer as a condition for use.