Accounting for risk in valuing forest carbon offsets

Matthew D. Hurteau, Bruce A Hungate, George W Koch

Research output: Contribution to journalArticle

22 Citations (Scopus)

Abstract

Background: Forests can sequester carbon dioxide, thereby reducing atmospheric concentrations and slowing global warming. In the U.S., forest carbon stocks have increased as a result of regrowth following land abandonment and in-growth due to fire suppression, and they currently sequester approximately 10% of annual US emissions. This ecosystem service is recognized in greenhouse gas protocols and cap-and-trade mechanisms, yet forest carbon is valued equally regardless of forest type, an approach that fails to account for risk of carbon loss from disturbance. Results: Here we show that incorporating wildfire risk reduces the value of forest carbon depending on the location and condition of the forest. There is a general trend of decreasing risk-scaled forest carbon value moving from the northern toward the southern continental U.S. Conclusion: Because disturbance is a major ecological factor influencing long-term carbon storage and is often sensitive to human management, carbon trading mechanisms should account for the reduction in value associated with disturbance risk.

Original languageEnglish (US)
Article number1
JournalCarbon Balance and Management
Volume4
DOIs
StatePublished - Jan 16 2009

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carbon
disturbance
emissions trading
regrowth
wildfire
ecosystem service
carbon sequestration
global warming
greenhouse gas
carbon dioxide

ASJC Scopus subject areas

  • Earth and Planetary Sciences(all)
  • Global and Planetary Change
  • Management, Monitoring, Policy and Law
  • Earth and Planetary Sciences (miscellaneous)

Cite this

Accounting for risk in valuing forest carbon offsets. / Hurteau, Matthew D.; Hungate, Bruce A; Koch, George W.

In: Carbon Balance and Management, Vol. 4, 1, 16.01.2009.

Research output: Contribution to journalArticle

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