Direct measurement forest carbon protocol: a commercial system-of-systems to incentivize forest restoration and management.

Citation metadata

Authors: Bruno D.V. Marino, Vinh Truong, J. William Munger and Richard Gyimah
Date: Apr. 27, 2020
From: PeerJ(Vol. 8)
Publisher: PeerJ. Ltd.
Document Type: Article
Length: 15,432 words

Main content

Abstract :

Forest carbon sequestration offsets are methodologically uncertain, comprise a minor component of carbon markets and do not effectively slow deforestation. The objective of this study is to describe a commercial scale in situ measurement approach for determination of net forest carbon sequestration projects, the Direct Measurement Forest Carbon Protocol[TM], to address forest carbon market uncertainties. In contrast to protocols that rely on limited forest mensuration, growth simulation and exclusion of CO.sub.2 data, the Direct Measurement Forest Carbon Protocol[TM] is based on standardized methods for direct determination of net ecosystem exchange (NEE) of CO.sub.2 employing eddy covariance, a meteorological approach integrating forest carbon fluxes. NEE is used here as the basis for quantifying the first of its kind carbon financial products. The DMFCP differentiates physical, project and financial carbon within a System-of-Systems[TM] (SoS) network architecture. SoS sensor nodes, the Global Monitoring Platform[TM] (GMP), housing analyzers for CO.sub.2 isotopologues (e.g., .sup.12 CO.sub.2, .sup.13 CO.sub.2 , .sup.14 CO.sub.2 ) and greenhouse gases are deployed across the project landscape. The SoS standardizes and automates GMP measurement, uncertainty and reporting functions creating diverse forest carbon portfolios while reducing cost and investment risk in alignment with modern portfolio theory. To illustrate SoS field deployment and operation, published annual NEE data for a tropical (Ankasa Park, Ghana, Africa) and a deciduous forest (Harvard Forest, Petersham, MA, USA) are used to forecast carbon revenue. Carbon pricing scenarios are combined with historical in situ NEE annual time-series to extrapolate pre-tax revenue for each project applied to 100,000 acres (40,469 hectares) of surrounding land. Based on carbon pricing of $5 to $36 per ton CO.sub.2 equivalent (tCO.sub.2 eq) and observed NEE sequestration rates of 0.48 to 15.60 tCO.sub.2 eq acre.sup.-1 yr.sup.-1 , pre-tax cash flows ranging from $230,000 to $16,380,000 across project time-series are calculated, up to 5x revenue for contemporary voluntary offsets, demonstrating new economic incentives to reverse deforestation. The SoS concept of operation and architecture, with engineering development, can be extended to diverse gas species across terrestrial, aquatic and oceanic ecosystems, harmonizing voluntary and compliance market products worldwide to assist in the management of global warming. The Direct Measurement Forest Carbon Protocol reduces risk of invalidation intrinsic to estimation-based protocols such as the Climate Action Reserve and the Clean Development Mechanism that do not observe molecular CO.sub.2 to calibrate financial products. Multinational policy applications such as the Paris Agreement and the United Nations Reducing Emissions from Deforestation and Degradation, constrained by Kyoto Protocol era processes, will benefit from NEE measurement avoiding unsupported claims of emission reduction, fraud, and forest conservation policy failure.

Source Citation

Source Citation
Marino, Bruno D.V., et al. "Direct measurement forest carbon protocol: a commercial system-of-systems to incentivize forest restoration and management." PeerJ, vol. 8, 2020, p. e8891. Accessed 24 Oct. 2020.
  

Gale Document Number: GALE|A622075506