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Land-Use, Land-Use Change and Forestry - the IEA Bioenergy Task ...

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8 <strong>IEA</strong> <strong>Bioenergy</strong> <strong>Task</strong> 25 Workshop, Joensuu, Finl<strong>and</strong>: LULUCF: The Road to COP6Carbon Management via Incentives(amortization)Risks of Early Crediting2000-05 2005-10 2010-15 2015-20 totalBase Emissions 700 720 690 640 2750With Amortization:Credits given -10 -10 -10 -30 -60Book Emissions 690 710 680 610 2690• Issuing credits if forests don’t count in Kyoto II• Issuing credits where benefits are over-estimated• Issuing credits where benefits never happen• Excess credit liabilityActual reductions 0 -10 -20 -30 -60Actual Emissions 700 710 670 610 269013131414Benefits to Early CreditingCountries Net Enissions• Implement many more projects thanwould o<strong>the</strong>rwise happen• Wider range of options to reach Kyototargets• Allows least cost solutions• Doesn’t cost government money, justpaper credits• Government becomes manager of carbon8007507006506005505001990 2000 2010 2020 2030With Early CreditingEmissionsNet EmissionsTarget15151616

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