Nordic Perspectives on Carbon Market Mechanisms

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The Nordic Council of Ministers appointed, via the Globalization Initiative, the Nordic finance ministers to launch a joint Nordic project regarding the international carbon market. The purpose of the project was to identify and exchange Nordic experiences from the Joint Implementation and Clean Development Mechanism credit market as well as to discuss prospects for future cooperation. The result of the project is presented in three reports from workshops held during 2010, as well as this synthesis report that summarizes previous reports. The project was initiated in light of the expected negotiations on the future mechanisms after 2012 in COP 15, including as input for discussions on opportunities and prospects for participation in a future carbon market. The results have been presented at the meetings of the Nordic Council of Energy, Environment and Finance ministers during October and November 2010.



Forest and plantation related activities to reduce GHG emissions

Forests play an important role in global carbon budget, acting either as sinks or sources of carbon. The total carbon content of forest ecosystem is estimated to about 638 Gtonnes of Carbon, which is more than the amount of carbon in the atmosphere. Deforestation and forest degradation result in substantial reductions in forest carbon stocks and increase in emissions. The Intergovernmental Panel on Climate Change has estimated emissions from deforestation since 1990s at 5.8 GtCO2/yr.


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