Researchers Help Develop Co2 Trading Market

One of the gases that figures prominently in the global climate debate is carbon dioxide. Scientists believe CO2 emissions can be reduced if carbon in the atmosphere is “stored.” Economists want to incorporate carbon storage into a market-driven solution to regulate emissions. The Great Lakes Radio Consortium’s Ann Murray has this story about climate change, forests, and the emergence of a carbon trading market:

Transcript

One of the gases that figures prominently in the global climate debate is carbon
dioxide.
Scientists believe CO2 emissions can be reduced if carbon in the atmosphere is
“stored.”
Economists want to incorporate carbon storage into a market driven solution to
regulate
emissions. The Great Lakes
Radio Consortium’s Ann Murray has this story about climate change, forests, and the
emergence of a
carbon trading market:


Climate experts say the earth’s temperature started to change about 150 years ago.
That’s when
people began to burn coal and gas and oil to run factories and generate electricity.
These fossil
fuels release carbon dioxide into the air. CO2, a “greenhouse gas,” traps the
sun’s heat.
Climatologists warn that unless carbon dioxide emissions are curbed, the planet will
continue to
heat up. Scientists are now looking to nature to counteract this human influx of
carbon.


Coeli Hoover with the U.S. Forest Service is among these scientists.


“There’s a plot over there.”


For the past three summers, Hoover and technicians from the Forestry Sciences Lab in
Warren
County, Pennsylvania have traveled to hardwood forests in the northeastern United
States.


“What we’re doing is trying to get a basic handle on how much carbon is stored in
these different
forests and how management might change that.”


Today, Hoover is in the Monongahela National Forest in West Virginia. She and her
team gather
their equipment from their van. As they head to a stand of cherry, maple and beech
trees, Hoover
explains some basic biology about carbon storage and trees.


“They pull carbon dioxide out of the air to make sugars, carbohydrates for trees to
live on. And in
the process that carbon gets stored as wood. And carbon also get stored in the soil.”


Hoover’s study is the first to examine carbon stored in forest floors and soils.
The regional study
looks at uncut forests and those that have been thinned. Hoover wants to see if
different forest
management practices affect the amount and type of stored carbon.


(knife cutting around forest floor)


This morning, Hoover and a technician use a knife and template to cut small sections
of the forest
floor, the layer of organic material above the soil. After the forest floor samples
are labeled and
bagged, the crew takes samples of the soil.


(sound of slide hammer core)


They dig 12 holes per plot with a slide hammer core. That’s a metal cylinder with a
cutting tip on
the edge and brass core sleeves inside.


“This method allows us to get these really nice depths without having any doubt of
what we’re
getting.”


Hoover says the whole point of her study is to eliminate the carbon guessing game.
Because
there’s little information about belowground carbon, it’s been hard to establish
how much carbon
is stored in forests. Scientists call this a “carbon budget.” The big picture,
says Hoover, is
important because of the emergence of a domestic carbon trading market. A market
where
foresters can grow trees, store carbon and make money.


“Right now carbon dioxide isn’t regulated as a pollutant. There are people who
think that it
probably will be. There’s voluntary reporting where companies can report their C02
emissions
and their uptake for different projects. So there’s a lot of experimental work
going on.”


An experimental program in Chicago is working to give industry a reason to reduce
carbon
dioxide output. The Chicago Climate Exchange will begin trading carbon credits. If
a company
reduces its CO2 output by installing new technologies, that difference can be sold
on the
exchange. Companies will buy credits that represent storage of carbon in either
trees or soil. Dr.
Richard Sandor is the founder of the Climate Exchange.


“We are going to have projects which would have to be monitored and verified and
approved by
our offset and forestry committees where people would agree to reforest. If a
particular project
that absorbs 100,000 tons of carbon in the aboveground biomass can be measured, then
people
sell those on the exchange.


Sandor says this isn’t the first time that pollution credits have been traded in the
United States.
He points to the success of the sulfur dioxide market. Sulfur dioxide is the main
component in
acid rain. The U.S. EPA estimates that this market driven program has cut sulfur
dioxide output in
half and saved $50 billion a year in health and environmental costs.


Not everyone sees such a sunny future for carbon trading. Some critics believe that
CO2
emissions must be regulated by the government or through the international
greenhouse gas
agreement called the Kyoto Protocol.


Others worry that foresters or landowners will resort to single age, single species
tree plantations
to quickly fulfill contracts.


(forest sounds)


Back in the Monongahela National
Forest, Coeli
Hoover says biodiversity need not suffer.


“I don’t think that you have to manage for carbon or sustainable timber production.
I think you
can do both and manage for wildlife. I don’t think there are a lot of tradeoffs
there.”


We probably won’t know the success of carbon trading in the United States for
another five or ten
years. The Bush administration has refused federal regulation of carbon dioxide and
for now, has
left the solution to the markets.


For The Great Lakes Radio Consortium, I’m Ann Murray.

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