front cover of Harnessing Farms and Forests in the Low-Carbon Economy
Harnessing Farms and Forests in the Low-Carbon Economy
How to Create, Measure, and Verify Greenhouse Gas Offsets
Nicholas Institute for Environmental Policy Solutions and Zach Willey and Bill Chameides, editors, eds.
Duke University Press, 2007
As the United States moves to a low-carbon economy in order to combat global warming, credits for reducing carbon dioxide emissions will increasingly become a commodity that is bought and sold on the open market. Farmers and other landowners can benefit from this new economy by conducting land management practices that help sequester carbon dioxide, creating credits they can sell to industry to “offset” industrial emissions of greenhouse gases.

This guide is the first comprehensive technical publication providing direction to landowners for sequestering carbon and information for traders and others who will need to verify the sequestration. It will provide invaluable direction to farmers, foresters, land managers, consultants, brokers, investors, regulators, and others interested in creating consistent, credible greenhouse gas offsets as a tradable commodity in the United States.

The guide contains a non-technical section detailing methodologies for scoping of the costs and benefits of a proposed project, quantifying offsets of various sorts under a range of situations and conditions, and verifying and registering the offsets. The technical section provides specific information for quantifying, verifying, and regulating offsets from agricultural and forestry practices.

Visit the Nicholas Institute for Environmental Policy Solutions website for audio from the press conference announcing the book.
Read the press release announcing the book.

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front cover of Sustainability for a Warming Planet
Sustainability for a Warming Planet
Humberto Llavador, John E. Roemer, and Joaquim Silvestre
Harvard University Press, 2015

Human-generated greenhouse gas emissions imperil a global resource: a biosphere capable of supporting life as we know it. What is the fair way to share this scarce resource across present and future generations, and across regions of the world? This study offers a new perspective based on the guiding ethics of sustainability and egalitarianism.

Sustainability is understood as a pattern of economic activity over time that sustains a given rate of growth of human welfare indefinitely. To achieve this, the atmospheric concentration of carbon must be capped at some level not much higher than exists today, and investments in education and research should be higher than they currently are. International cooperation between developing and developed nations is also vital, because economic growth and the climate problem are intertwined.

The authors propose that the guiding principle of bargaining should be that the dates at which developing countries’ living standards catch up with those of developed countries should not be altered by the agreement. They conclude that developed economies would have to agree not to exceed 1 percent growth in per capita GDP annually, while developing nations should grow at a faster rate, but still lower than current projections, until they converge. The authors acknowledge that achieving such a dramatic slowdown would carry political and economic challenges.

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