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CARBON INSOLVENCY
Forests take a long time to sequester carbon. Before the full promised carbon benefit is achieved at least some delivery organisations are expected to fail. How do we guard against the resulting carbon insolvency and build confidence in the forest market?

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Financial institutions are uniquely powerful, yet their influence on carbon emissions is not widely appreciated. How do we know how our largest banks are performing on climate change?

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New research report, December 2009

While we have adequate arrangements to manage financial insolvency, we do not have a meaningful framework for dealing with carbon insolvency, in which promised future delivery of carbon benefits does not occur because the delivery organisation has failed.

Due to the ultra long-term nature of forest carbon offsetting projects it is expected that at least some organisations will fail before the full carbon benefit of a project is delivered.

Organisational ‘life insurance’ associated with forest-project quality standards is, we believe, a vital step towards confidence in forest carbon offsets from afforestation projects.

Download: Carbon Insolvency - UK forest carbon: the case for cover

Related link: see our consultation response to the Forestry Commission's Forest Carbon Code of Good Practice

 

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