Land-Use, Land-Use Change and Forestry - the IEA Bioenergy Task ...
Land-Use, Land-Use Change and Forestry - the IEA Bioenergy Task ...
Land-Use, Land-Use Change and Forestry - the IEA Bioenergy Task ...
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26 <strong>IEA</strong> <strong>Bioenergy</strong> <strong>Task</strong> 25 Workshop, Joensuu, Finl<strong>and</strong>: LULUCF: The Road to COP6Emissions Trading• model developed with Sydney FuturesExchange, market based on Article 3.3 KyotoProtocol• trading model linking growers to market viapool structure• tradeable carbon certified under <strong>the</strong> CarbonAccounting St<strong>and</strong>ardEmissions TradingLinkages with National Reporting Requirements (NCAS)National Reporting<strong>Forestry</strong> Carbon LedgerNational AgencyEmissions TradingTrading HousesCarbon Pool ManagersR & D AgenciesCertified carbonInvestorsAccredited AgentAccreditationForest Growers2930GrowersState Forestso<strong>the</strong>rgrowerso<strong>the</strong>rgrowerso<strong>the</strong>rgrowersEmissions Trading - Proposed ModelAppraisalof system viast<strong>and</strong>ardPoolManagersStateForestscarbon poolo<strong>the</strong>rcarbon poolsSFE ContractualrequirementsEmissionsMarketSydneyFuturesExchangeo<strong>the</strong>r marketsCarbon pool• Access to market at minimum cost• Efficient risk management, carbonaccounting <strong>and</strong> certification• Harvest losses balanced across <strong>the</strong>poolCertification of carbonby independent verifierO<strong>the</strong>r Marketsrequirements3132