Open AccessViability of carbon offset-generating afforestation projects in boreal Ontario
Author(s) -
Jeffrey Biggs,
Susanna Laaksonen-Craig
Publication year - 2006
Publication title -
the forestry chronicle
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.335
H-Index - 49
eISSN - 1499-9315
pISSN - 0015-7546
DOI - 10.5558/tfc82070-1
Subject(s) - afforestation , carbon offset , kyoto protocol , carbon sequestration , natural resource economics , clean development mechanism , environmental science , business , productivity , investment (military) , environmental economics , environmental resource management , agroforestry , greenhouse gas , economics , ecology , carbon dioxide , macroeconomics , politics , political science , law , biology
Carbon offsets generated under the Kyoto Protocol (KP) should be included in the management options considered by resource managers. This paper investigates investments in afforestation for the generation of KP-compliant carbon offsets in the Timmins Management Unit, concentrating on the availability of quality carbon budget models, domestic carbon market concerns and the presence of an enabling environment. A modelling exercise is undertaken using GORCAMWC1, with ownership, leading species, investment horizon, site productivity and carbon price as variables. Under current institutional frameworks, afforestation projects with the purpose of generating carbon offsets in the TMU are not viable investments for the first commitment period, though such projects will be profitable under certain conditions if constraints are removed and investment is long term. Key words: afforestation, Kyoto Protocol, boreal Ontario, carbon sequestration
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