Feature

The New Carbon Economy: Economic Opportunities in BC for Living Carbon

Issue
Synopsis

On December 8th, 2008, two events on opposite sides of the world coincided to potentially broaden the scope of silviculture in BC forever. In Poznan, Poland, the United Nations Framework Convention on Climate Change (UNFCCC) agreed to include a protocol for carbon offset forestry projects, Reduced Emissions from Deforestation and Degradation (REDD).

On December 8th, 2008, two events on opposite sides of the world coincided to potentially broaden the scope of silviculture in BC forever. In Poznan, Poland, the United Nations Framework Convention on Climate Change (UNFCCC) agreed to include a protocol for carbon offset forestry projects, Reduced Emissions from Deforestation and Degradation (REDD). This adds to the existing UNFCCC tools of Improved Forest Management (IFM) and Afforestation, Reforestation and Restoration (ARR).

Growing Canada Yew in Plantations: Profitable or Not?

Issue
Synopsis

Canada yew is a low evergreen shrub that is native to eastern Canada. Over the past five years, demand for yew biomass in general has increased dramatically, because it contains chemicals called taxanes that are used to make important anti-cancer drugs.

Canada yew is a low evergreen shrub that is native to eastern Canada. Over the past five years, demand for yew biomass in general has increased dramatically, because it contains chemicals called taxanes that are used to make important anti-cancer drugs.

More Than Trees

Issue
Synopsis

Conventional wisdom holds that timber represents the main economic value derived from forests. In Canada, economic profits derived from Canadian non-timber forest products (NTFPs) certainly represent only a fraction of the profits developed from timber harvests. Some estimates put the direct economic value of NTFPs in the Canadian forest sector at about $240 million, annually. That’s fairly small compared to the nearly $40 billion annual export value of Canadian timber harvests.

Conventional wisdom holds that timber represents the main economic value derived from forests. In Canada, economic profits derived from Canadian non-timber forest products (NTFPs) certainly represent only a fraction of the profits developed from timber harvests. Some estimates put the direct economic value of NTFPs in the Canadian forest sector at about $240 million, annually. That's fairly small compared to the nearly $40 billion annual export value of Canadian timber harvests. But if one takes a closer look at the NTFP figure, it's still a significant level of consumption.

Impacts on Forest Integrity of Harvested Wood Products as Carbon Sinks

Issue
Synopsis

A lot of thought and effort is going into the design of forest offset protocols that could be fed into regulatory carbon markets. A number of crucial decisions will determine the environmental integrity of this policy effort: how to deal with the relative impermanence of reduced forestry emissions; how to safeguard other ecological and social values from the impacts of commoditizing biological carbon; and, as for all offsets, how to maximize additionality of emission reductions.

A lot of thought and effort is going into the design of forest offset protocols that could be fed into regulatory carbon markets. A number of crucial decisions will determine the environmental integrity of this policy effort: how to deal with the relative impermanence of reduced forestry emissions; how to safeguard other ecological and social values from the impacts of commoditizing biological carbon; and, as for all offsets, how to maximize additionality of emission reductions.

REDD: Offsetting Emissions to Save Natural Forests

Issue
Synopsis

REDD - Reduced Emissions from Deforestation and Degradation is a proposed mechanism to protect the world's remaining tropical rainforests and reduce greenhouse gas (GHG) emissions. Since the UN Framework Convention on Climate Change (UNFCCC) Conference of Parties 11 (COP11) in 2005, the REDD mechanism has had an official subcommittee negotiating its terms of reference. It has been a controversial mechanism as it can be implemented in many ways, and discussions about perverse incentives and negative side effects are fierce. The benefits scarcely need describing.

REDD - Reduced Emissions from Deforestation and Degradation is a proposed mechanism to protect the world's remaining tropical rainforests and reduce greenhouse gas (GHG) emissions. Since the UN Framework Convention on Climate Change (UNFCCC) Conference of Parties 11 (COP11) in 2005, the REDD mechanism has had an official subcommittee negotiating its terms of reference. It has been a controversial mechanism as it can be implemented in many ways, and discussions about perverse incentives and negative side effects are fierce. The benefits scarcely need describing.

Conservation Easements

Credit
Source for map and photos: The Nature Conservancy Adirondack Chapter, Connie Prickett
Issue
Synopsis

For decades, conservationists in the US have been experimenting with a variety of techniques that allow for the integration of economic activities with the permanent conservation of natural resources. . Conservation easements are legal agreements between a landowner (grantor) and an eligible organization (grantee) that restricts future activities on the land to protect its conservation values.

For decades, conservationists in the US have been experimenting with a variety of techniques that allow for the integration of economic activities with the permanent conservation of natural resources. Americans hold dear both their private property rights and their land ethic, and have been searching for a permanent land conservation mechanism that resonates with the complex yet interrelated public and private values associated with land.