Cashing In On Forestry Carbon Credit Schemes

Introduction

There is increasing global interest in placing a cash value on the maintenance of forests. In doing so, forests have the potential to deliver new income streams in a climate conscious world, particularly in developing nations.

Whilst high hopes rest on a framework for a post-Kyoto agreement being made in Copenhagen next year, opportunities already exist under the Kyoto Protocol and other emerging schemes.

The Kyoto Protocol is an agreement between nations of the world to reduce greenhouse gas emissions. Where nations are failing to meet reductions to which they have committed, there are mechanisms available to implement projects that will offset emissions, like planting trees.