212 development dialogue september 2006 – carb<strong>on</strong> trading300 Michelle Wr<strong>on</strong>g, In the Footsteps of Mr Kurtz, FourthEstate, L<strong>on</strong>d<strong>on</strong>, 2001, pp. 189–209.301 See, for example, World Business Council forSustainable Development and World ResourcesInstitute ‘<strong>Green</strong>house Gas Protocol’, http://www.ghgprotocol.org.302 Drury et al., op. cit. supra note 123.303 Ibid.304 Biello, op. cit. supra note 217.305 Driesen, op. cit. supra note 62, pp. 314–5.306 Liroff, op.cit. supra note 166, pp. 16, 117.307 Ibid., pp. 83–6.308 Jacob Werksman, ‘The Clean DevelopmentMechanism: Unwrapping the “Kyoto Surprise”’,Review of European Community and Internati<strong>on</strong>alEnvir<strong>on</strong>mental Law 7, 2, 1998, pp. 149-150.309 Op. cit., p. 155.310 Ellerman et al., op. cit. supra note 53, p. 318.311 Lovbrand, op. cit. supra note 271, p. 452. See alsoGregg Marland et al., ‘The Climatic Impacts of LandSurface <strong>Change</strong> and Carb<strong>on</strong> Management, and theImplicati<strong>on</strong>s for <strong>Climate</strong>-<strong>Change</strong> Mitigati<strong>on</strong> Policy’,<strong>Climate</strong> Policy 3, 2, 2003, pp.149–57, p. 150.312 W. Booth, ‘Johnny Appleseed and the <strong>Green</strong>house:Replanting Forests of Mitigate Global Warming’,Science 242, 4875, October 1988, p. 197; B. W.Walsh, ‘World Forests’, American Forests 95, 11/12,November 1989, p. 28; Roger Sedjo and A. M.Solom<strong>on</strong>, ‘<strong>Climate</strong> and Forests’, in N. J. Rosenberget al., eds., <strong>Green</strong>house Warming: Abatement andAdaptati<strong>on</strong>, Resources for the Future, Washingt<strong>on</strong>,1989.313 Mike Mas<strong>on</strong>, <strong>Climate</strong> Care, quoted in ENDS Report,March 2000.314 Van Vliet et al., op. cit. supra note 272, p. 154. Eventhe Kyoto Protocol, with its minimal emissi<strong>on</strong>sreducti<strong>on</strong> requirements, sancti<strong>on</strong>s the idea of givingthe industrialised countries of the North access toa whopping 10 milli<strong>on</strong> hectares every year for useas a carb<strong>on</strong> dumping ground (Jutta Kill, Sinkswatch,pers<strong>on</strong>al communicati<strong>on</strong>, 2001).315 P. Falkowski et al., ‘The Global Carb<strong>on</strong> Cycle:A Test of Our Knowledge of Earth as a System’,Science 290, 13 October 2000, pp. 291–96. See alsoIan Noble et al., ‘Sinks and the Kyoto Protocol’,<strong>Climate</strong> Policy 1, 2001, pp. 5–25 and R. A. Hought<strong>on</strong>,‘Counting Terrestrial Sources and Sinks of Carb<strong>on</strong>’,Climatic <strong>Change</strong> 48, 2001, p. 526: ‘the net annualflux of carb<strong>on</strong> between terrestrial ecosystems andthe atmosphere is small, between 0 and 1.4 PgC peryear, and thus (arguably) not worth measuring orcounting for the Kyoto Protocol’. While uptake ofcarb<strong>on</strong> by the biosphere may have increased overthe 1990s, Falkowski et al. cauti<strong>on</strong> that ‘sink strengthwill almost certainly weaken’ as time goes <strong>on</strong> (p.293). See also Robert Socolow, ‘The Century L<strong>on</strong>gChallenge of Fossil-Carb<strong>on</strong> Sequestrati<strong>on</strong>’, paperprepared for the Sec<strong>on</strong>d Annual Envir<strong>on</strong>mentalPolicy Forum, ‘<strong>Climate</strong> <strong>Change</strong> – What Next?’,Aspen 13–16 Sept. 2001.316 ‘Agribusiness Giants Hold Different Philosophies:ADM Pursuing Biofuels, While Cargill Makes Foodits Priority’, Associated Press, 22 May 2006.317 James Mackintosh, ‘Elusive Cornucopia: Why it willbe Hard to Reap the Benefit of Biofuel’, FinancialTimes, 21 June 2006.318 Uwe R. Fritsche, ‘Sustainable Biomass Energy:Results for Europe, and Global Issues’, Oko-Institut,Darmstadt, May 2006.319 Fi<strong>on</strong>a Harvey, ‘Biofuels “Can Harm theEnvir<strong>on</strong>ment”’, Financial Times, 25 July 2006.320 George M<strong>on</strong>biot, ‘Worse then Fossil Fuel’, TheGuardian, 6 December 2005.321 See http://www.counterpunch.org/olmstead07032006.html.322 Lohmann, op. cit. supra note 223.323 Sten Nilss<strong>on</strong> et al., Full Carb<strong>on</strong> Account for Russia,IIASA Interim Report IR-00-021, Internati<strong>on</strong>alInstitute for Applied Systems Analysis, Laxenburg,Austria, 2000, http://www.iiasa.ac.at.324 Sten Nilss<strong>on</strong>, ‘Editorial’, Opti<strong>on</strong>s, Internati<strong>on</strong>alInstitute for Applied Systems Analysis, Laxenburg,Austria, Autumn 2000, p. 1. Data are improving, butstill remain useless for the purposes of a carb<strong>on</strong>market. See Quirin Schiermaier, ‘That SinkingFeeling’, Nature 435, 9 June 2005, pp. 732–33.325 Hought<strong>on</strong>, op. cit. supra note 315.326 Y. Pan et al., ‘New Estimates of Carb<strong>on</strong> Storageand Sequestrati<strong>on</strong> in China’s Forests: Effects ofAge-Class and Method <strong>on</strong> Inventory-Based Carb<strong>on</strong>Estimati<strong>on</strong>’, Climatic <strong>Change</strong> 67, 2–3, 2004, pp.211–236.327 M. J. Schelhaas et al., ‘Closing the Carb<strong>on</strong> Budgetof a Scots Pine Forest in The Netherlands’, Climatic<strong>Change</strong> 67, 2–3, 2004, pp. 309–328.328 ‘Pine Plantati<strong>on</strong>s May Be One Culprit in IncreasingCarb<strong>on</strong> Dioxide Levels’, NASA Earth Observatory,24 July 2006.329 Victor, op. cit. supra note 34.330 D. Read et al., The Role of Land Carb<strong>on</strong> Sinks inMitigating Global <strong>Climate</strong> <strong>Change</strong>, The RoyalSociety, L<strong>on</strong>d<strong>on</strong>, 2001.331 Fred Pearce, ‘Drought Bumps Up Global
less<strong>on</strong>s unlearned 213Thermostat’, New Scientist, 6 August 2005, p. 16.332 Douglass C. North, ‘Dealing with a N<strong>on</strong>-ErgodicWorld: Instituti<strong>on</strong>al Ec<strong>on</strong>omics, Property Rights,and the Global Envir<strong>on</strong>ment’, Duke Envir<strong>on</strong>mentalLaw and Policy Forum 10, 1, 1999. See also PaulHarremoës et al., The Precauti<strong>on</strong>ary Principle in the20 th Century: Late Less<strong>on</strong>s from Early Warnings,Earthscan, L<strong>on</strong>d<strong>on</strong>, 2002.333 J. G. Canadell et al., ‘Quantifying, Understandingand Managing the Carb<strong>on</strong> Cycle in the NextDecades’, Climatic <strong>Change</strong>, 67, 2–3, 2004, pp. 147–160; Ian Sample, ‘Warming hits “tipping point”’, TheGuardian, 11 August 2005.334 Canadell et al., op. cit. This ‘missing terrestrial sink’amounts to 1.0–3.6 billi<strong>on</strong> t<strong>on</strong>nes of carb<strong>on</strong> a year, orabout half as much as annual fossil fuel emissi<strong>on</strong>s.Sink strength is ‘highly variable’ from year to year, withthe projected ‘future dynamics’ of the carb<strong>on</strong> cyclevarying enormously from model to model, especiallyin view of ecosystem resp<strong>on</strong>ses to warming.335 R. A. Betts, ‘Offset of the Potential Carb<strong>on</strong> Sinkfrom Boreal Forestati<strong>on</strong> by Decreases in SurfaceAlbedo’, Nature 408, 9 November 2000, pp. 187–90.336 Falkowski et al., op. cit. supra note 315.337 Betts, op. cit. supra note 335; Canadell et al., op. cit.supra note 333.338 R. A. Gill et al., ‘N<strong>on</strong>linear Grassland Resp<strong>on</strong>ses toPast and Future Atmospheric CO 2 ’, Nature 417, 16May 2002, pp. 279–283.339 P. W. Boyd et al., ‘The Decline and Fate of an Ir<strong>on</strong>-Induced Subarctic Phytoplankt<strong>on</strong> Boom’, Nature428, 1 April 2004, pp. 549–553.340 ‘A C<strong>on</strong>sequence of <strong>Climate</strong> <strong>Change</strong>: InsectInfestati<strong>on</strong>s Destroying Canada’s Forests’, BiocapCanada Foundati<strong>on</strong>, Kingst<strong>on</strong>, Ontario, September2004, http://www.biocap.ca.341 W. Knorr et al., ‘L<strong>on</strong>g-Term Sensitivity of Soil Carb<strong>on</strong>Turnover to Warming’, Nature 433, 20 January 2005.342 Pickrell, op. cit. supra note 135.343 J. Manley et al., ‘Creating Carb<strong>on</strong> Offsets inAgriculture through No-Till Cultivati<strong>on</strong>: a Meta-Analysis of Costs and Carb<strong>on</strong> Benefits’, Climatic<strong>Change</strong> 68, 1–2, 2005, p. 41.344 Changsheng Li et al., ‘Carb<strong>on</strong> Sequestrati<strong>on</strong> in ArableSoils is Likely to Increase Nitrous Oxide Emissi<strong>on</strong>s,Offsetting Reducti<strong>on</strong>s in <strong>Climate</strong> Radiative Forcing’,Climatic <strong>Change</strong> 72, 2005, pp. 321–338.345 D. A. Stainforth et al., ‘Uncertainty in Predicti<strong>on</strong>sof the <strong>Climate</strong> Resp<strong>on</strong>se to Rising Levels of<strong>Green</strong>house Gases’, Nature 433, 27 January 2005,pp. 403–07.346 E. Mayorga et al., ‘Young Organic Matter as a Sourceof Carb<strong>on</strong> Dioxide Outgassing from Amaz<strong>on</strong>ianRivers’, Nature 436, 2005, pp. 538–41.347 David C. Lowe, ‘A <strong>Green</strong> Source of Surprise’, Nature439, 12 January 2006, pp. 148–49; Frank Keppleret al., ‘Methane Emissi<strong>on</strong>s from Terrestrial Plantsunder Aerobic C<strong>on</strong>diti<strong>on</strong>s’, Nature 439, 12 January2006, pp. 187–191.348 Gregg Marland et al., ‘Accounting for SequesteredCarb<strong>on</strong>: The Questi<strong>on</strong> of Permanence’,Envir<strong>on</strong>mental Science and Policy 4, 2001, pp. 259–268; Michael Dutschke, ‘Fracti<strong>on</strong>s of Permanence– Squaring the Cycle of Sink Carb<strong>on</strong> Accounting’,Mitigati<strong>on</strong> and Adaptati<strong>on</strong> Strategies for Global<strong>Change</strong> 7, 2002, pp. 381–402.349 Lohmann, op. cit. supra note 223, pp. 40–41.350 North, op. cit. supra note 332.351 Frank H. Knight, Risk, Uncertainty and Profit,Hought<strong>on</strong> Mifflin, Bost<strong>on</strong>, 1921. Knight’s distincti<strong>on</strong> isbetween ideal types and need not be treated as asharp binary oppositi<strong>on</strong>.352 Harremoës, op. cit. supra note 332.353 Ibid., p. 217.354 Ibid. As ec<strong>on</strong>omist Douglass North puts it,’ec<strong>on</strong>omists, from Kenneth Arrow to RobertLucas, have asserted that <strong>on</strong>e cannot theorise inthe face of pure uncertainty … almost all of the[envir<strong>on</strong>mental] issues that we are c<strong>on</strong>cerned with …are uncertainty issues.…’ (North, op. cit. supra note332).355 ENDS Report 328, May 2002.356 Harremoës, op. cit. supra note 332, p. 216.357 Knight, op. cit. supra note 351, Part III, Chapter VI.358 See, for instance, World Rainforest Movement,‘Mount Tamalpais Declarati<strong>on</strong>’, 2000, http://www.wrm.org.uy/statements/Tamalpais.html;Equity Watch archives, Centre for Science andEnvir<strong>on</strong>ment, Delhi, http://www.cseindia.org/campaign/ew/archives.htm.359 Claire Tenner, ‘Verificati<strong>on</strong> of the Kyoto Protocol: AFundamental Requirement’, VERTIC Briefing Paper00/6, October 2000. As early as 1998, the GermanAdvisory Council <strong>on</strong> Global <strong>Change</strong> had warnedthat the ‘complex n<strong>on</strong>linear dynamics’ of terrestrialecosystems set them apart from ‘energy-relatedprocesses’ and cauti<strong>on</strong>ed against counting growth offorests as ‘emissi<strong>on</strong>s reducti<strong>on</strong>s.’360 UNFCCC, document FCCC/CP/2001/13.Add.1.361 Robert T. Wats<strong>on</strong> et al., eds., Land Use, Land Use<strong>Change</strong> and Forestry, Cambridge University Press,Cambridge, 2000.
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PRESS RELEASEContact:Linda Chiavaro
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ContentsEditorial note 2Chapter 1 I
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Chapter 5Ways forwardIn which the c
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