In this wide-ranging volume, international experts explain the links between climate change and forests, highlighting the potential role of this sector within emerging climate policy frameworks and carbon markets. After framing forestry activities within the larger context of climate-change policy, the contributors analyze the operation and efficacy of market-based mechanisms for forest conservation and climate change. Drawing on project examples from around the world, the authors present concrete recommendations for policymakers, project developers, and market participants. They discuss sequestration rights in Chile, carbon offset programs in Australia and New Zealand, and emerging policy incentives at all levels of the U.S. government. The book also explores the different voluntary schemes for carbon crediting, provides an overview of carbon accounting best practices, and presents tools for use in future sequestration and offset programs. It concludes by considering a range of incentive options for slowing deforestation and protecting the world’s remaining forests.

The book is published by Brookings Institute Press and Chatham House. Read a full description and order from the Brookings Press Institute website.