The EU-ETS scheme and the forest credits: analysis of possible scenarios for the period 2013-2020
According to art. 3.3 and 3.4 of the Kyoto Protocol it is possible to achieve the emissions reductions goals through removals by sinks resulting mostly from afforestation, reforestation and forest management activities. At the moment the EU-ETS scheme does not allow the trade of LULUCF credits, thou...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Italian |
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Italian Society of Silviculture and Forest Ecology (SISEF)
2009-11-01
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| Series: | Forest@ |
| Subjects: | |
| Online Access: | http://www.sisef.it/forest@/show.php?id=601&lang=en |
| Summary: | According to art. 3.3 and 3.4 of the Kyoto Protocol it is possible to achieve the emissions reductions goals through removals by sinks resulting mostly from afforestation, reforestation and forest management activities. At the moment the EU-ETS scheme does not allow the trade of LULUCF credits, though the member states can use the RMUs or develop CDM projects on afforestation and reforestation (tCER/lCER) to achieve the emissions reductions goals. This paper will focus on the impact on the EU-ETS allowance price of the trade of LULUCF credits and will analyze the key-role that the rewarding of avoided deforestation credits (REDD credits) could play against the deforestation of Amazon Rainforest. |
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| ISSN: | 1824-0119 |