Legal issues and contractual solutions for LULUCF projects under the Clean Development Mechanism

Monique Miller*, Martijn Wilder, Eric Knight

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Over the past decade, substantial scientific work has been done to enable the relatively accurate modeling of and accounting for greenhouse gases sequestered by land use, land-use change, and forestry (LULUCF) activities. Recognizing that the sequestration of carbon by forestry activities provides a valuable environmental service toward mitigating climate change, organizations have developed voluntary regulatory schemes to assign values to emission reductions arising from LULUCF projects and enable trading in such "LULUCF credits." As an example, the Kyoto Protocol recognizes that Annex I Parties to the protocol can use emission reductions from carbon sequestered by certain domestic LULUCF activities when complying with their commitment to limit or reduce their emissions.1 The Clean Development Mechanism (CDM) also allows Annex I Parties to procure and use emission reductions arising from certain LULUCF projects in developing, non-Annex I countries.

Original languageEnglish
Title of host publicationClimate change and forests
Subtitle of host publicationemerging policy and market opportunities
EditorsCharlotte Streck, Robert O’Sullivan, Toby Janson-Smith, Richard G. Tarasofsky
Place of PublicationWashington, D.C.
PublisherBrookings Institution Press
Chapter12
Pages163-176
Number of pages14
ISBN (Print)9780815781929
Publication statusPublished - 2008
Externally publishedYes

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