Skip to main content
main-content

Tipp

Weitere Artikel dieser Ausgabe durch Wischen aufrufen

01.01.2012 | Original Article | Ausgabe 1/2012

Mitigation and Adaptation Strategies for Global Change 1/2012

Managing dependencies in forest offset projects: toward a more complete evaluation of reversal risk

Zeitschrift:
Mitigation and Adaptation Strategies for Global Change > Ausgabe 1/2012
Autoren:
David M. Cooley, Christopher S. Galik, Thomas P. Holmes, Carolyn Kousky, Roger M. Cooke

Abstract

Although forest carbon offsets can play an important role in the implementation of comprehensive climate policy, they also face an inherent risk of reversal. If such risks are positively correlated across projects, it can affect the integrity of larger project portfolios and potentially the entire offsets program. Here, we discuss three types of risks that could affect forest offsets—fat tails, micro-correlation, and tail dependence—and provide examples of how they could present themselves in a forest offset context. Given these potential dependencies, we suggest several new risk management approaches that take into account dependencies in reversal risk across projects and which could help guard the climate integrity of an offsets program. We also argue that data collection be included as an integral part of any offsets program so that disturbance-related dependencies may be identified and managed as early and to the greatest extent possible.

Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten

Literatur
Über diesen Artikel

Weitere Artikel der Ausgabe 1/2012

Mitigation and Adaptation Strategies for Global Change 1/2012 Zur Ausgabe