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Carbon Sinks and Climate Change

Forests in the Fight Against Global Warming Colin A.G. Hunt, School of Economics, The University of Queensland, Australia
Reforestation and avoiding deforestation are ways of harnessing nature to tackle global warming – the greatest challenge facing humankind. In this book, Colin Hunt deals comprehensively with the present and future role of forests in climate change policy and practice. A review of the workings of carbon markets, both based on the Kyoto Protocol and voluntary participation, provides a base from which to explore forestry’s role. Emphasis is on acknowledging how forests’ idiosyncrasies affect the design of markets for sequestered carbon. Chapters range from the role of forests in providing biofuels and biodiversity, to measuring and valuing their stored carbon.
Extent: 256 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 2009
ISBN: 978 1 84720 977 1
Availability: In Stock
Paperback Price: $46.00 Web: $36.80
Publication Date: 2011
ISBN: 978 0 85793 385 0
Availability: In Stock
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  • Environment
  • Climate Change
  • Ecological Economics
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Reforestation and avoiding deforestation are methods of harnessing nature to tackle global warming – the greatest challenge facing humankind. In this book, Colin Hunt deals comprehensively with the present and future role of forests in climate change policy and practice.

The author provides signposts for the way ahead in climate change policy and offers practical examples of forestry’s role in climate change mitigation in both developed and tropical developing countries. Chapters on measuring carbon in plantations, their biodiversity benefits and potential for biofuel production complement the analysis. He also discusses the potential for forestry in climate change policy in the United States and other countries where policies to limit greenhouse gas emissions have been foreshadowed. The author employs scientific and socio-economic analysis and lays bare the complexity of forestry markets. A review of the workings of carbon markets, based both on the Kyoto Protocol and voluntary participation, provides a foundation from which to explore forestry’s role. Emphasis is placed on acknowledging how forests’ idiosyncrasies affect the design of markets for sequestered carbon. The realization of forestry’s potential in developed countries depends on the depth of cuts in greenhouse gas emissions, together with in-country rules on forestry. An increase in funding for carbon retention in tropical forests is an immediate imperative, but complexities dictate that the sources of finance will likely be dedicated funds rather than carbon markets.

This timely and comprehensive book will be of great value to any reader interested in climate change. Policy-makers within international agencies and governments, academics and students in the fields of geography, economics, science policy, forestry, development studies as well as carbon market participants and forest developers in the private sector will find it especially useful.
‘The importance of this book lies in being one of the first comprehensive attempts to summarise major findings in the field of carbon sinks and climate change. . . The book also deals comprehensively with the present and future role of forests in climate change policy and practice. . . This timely book is essential reading for policy decision-makers and foresters alike.’
– Wasantha Athukorala, Economic Analysis and Policy
Contents: Foreword Preface Introduction 1. The Making of Markets for Carbon and the Potential of Forestry Offsets 2. Forestry in the Kyoto Protocol 3. Forestry in Voluntary Carbon Markets 4. Biodiversity Benefits of Reforestation and Avoiding Deforestation 5. Measuring the Carbon in Forest Sinks 6. Forests as a Source of Biofuels 7. Forestry in the Climate Change Policies of Selected Developed Countries 8. Policies for Reducing Emissions from Deforestation and Forest Degradation (REDD) Index