Over the last century, human activity had a profound impact on the environment. Fossil fuel consumption, deforestation, and other unsustainable land use practices have resulted in a dramatic increase of carbon dioxide (CO2) and other greenhouse gas (GHG) emissions into the atmosphere. Most scientists believe the increase of CO2 emissions has created the human-induced climate warming conditions that are currently affecting the globe. If this trend continues, climate change will be the inevitable result. The long-term effects of global temperature change are largely unknown; however, adverse effects can already be seen in certain parts of the world in the form of droughts, increased severity of storms, and flooding, particularly in the poorer regions of the globe.

The natural production and absorption of carbon dioxide (CO2) is achieved through the earth�s biosphere and oceans. However, mankind has altered the natural carbon cycle by burning coal, oil, natural gas, and wood and each of these activities has increased in scale and distribution. Carbon dioxide was the first greenhouse gas demonstrated to be increasing in atmospheric concentration

Atmospheric levels of CO2 have risen well over 30% from pre-industrial levels of 280 parts per million (ppm) to present levels of 375 ppm. Evidence suggests this observed rise in atmospheric CO2 levels is due primarily to expanding use of fossil fuels for energy. Predictions of global energy use in the next century suggest a continued increase in carbon emissions and rising concentrations of CO2 in the atmosphere unless major changes are made in the way we produce and use energy - in particular, how we manage carbon. One way to manage carbon is to use energy more efficiently to reduce our need for a major energy and carbon source - fossil fuel combustion. Another way is to increase our use of low-carbon and carbon-free fuels and technologies (nuclear power and renewable sources such as solar energy, wind power, and biomass fuels). The most recent alternative for managing carbon is carbon sequestration.

Carbon sequestration refers to the provision of long-term storage of carbon in the terrestrial biosphere, underground, or oceans, to reduce the buildup of carbon dioxide (the principal greenhouse gas) concentration in the atmosphere. This is accomplished by maintaining or enhancing natural processes, or the development of new techniques to dispose of carbon.

This report on Carbon Sequestration addresses the probability of incorporating carbon sequestration (CS) as a viable market mechanism for sustainable development. The approach includes analyzing the utility of carbon sequestration projects as a mechanism for promoting sustainable forestry practices and environmental preservation, as well as addressing stakeholder interests in the implementation of these projects. The goals of this report are to provide the reader with an overview and conceptual framework of the issues and the problems associated with sequestration projects in general; and to discuss the economic and policy constraints and the challenges associated with the implementation of these projects. A related objective is to examine the methodology currently being used in this area and address the problems associated with leakages specific to forest-based carbon sequestration projects.

This report gives the reader a conceptual framework of the topic, and provides a detailed analysis of the linkages between carbon and climate change and the issues associated with the current treaties, specifically the Kyoto Protocol. Methodology is addressed through analysis of the various tools of measurement, monitoring and verification of carbon benefits. The report discusses the problem of leakage, compellance versus volunteerism, and the feasibility of the market approach to carbon sequestration.

This report also examines the flaws involved with the current approach and identifies some of the early success stories. The report uses the Bolivia � Noelle Kempff Climate Action model as a case study of a large-scale carbon project at work in a developing country. The goal is to examine in detail what some countries are currently doing to link the various issues pertaining to carbon sequestration and sustainable development. This report is a complete guide to Carbon Sequestration.



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Pages: 97
Publication Date: February 2007
Publisher: Energy Business Reports