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Book (stand-alone)Options for addressing the risk of non-permanence for land-based mitigation in carbon crediting programmes 2024
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No results found.To mitigate climate change, global efforts must focus on reducing greenhouse gas emissions and removing atmospheric CO2. Carbon crediting programmes offer incentives by issuing tradable credits for each tonne of CO2 equivalent reduced or removed. However, these credits often face a challenge called "non-permanence" or reversal risk, where carbon stored in reservoirs like forests and soils may be rereleased due to natural or human-induced events.Reversal risks arise from various factors, including susceptibility to depletion, underlying drivers of depletion, and reservoir size. Carbon crediting programmes address this through monitoring, temporary crediting, and issuance deductions to account for future reversals. Some programmes also propose “tonne-year” crediting, where credits are issued for each year carbon remains stored.Host countries bear the responsibility for reversals within their borders, which complicates their ability to meet nationally determined contributions (NDCs) under the Paris Agreement. This potential imbalance necessitates improved greenhouse gas inventory systems, fair sharing of mitigation benefits, and prioritizing low-risk projects. Effective reversal risk management requires a long-term approach to minimize risks, recognizing the inherent non-permanence in land-based mitigation activities.This paper was produced by FAO under its AIM4Forests programme thanks to finance from the Department for Energy Security and Net Zero of the United Kingdom of Great Britain and Northern Ireland. -
ProjectEnhancing Countries’ Nationally Determined Contributions for Emissions Reduction and Climate Change Adaptation - MTF/GLO/168/WRI 2022
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No results found.Under the Paris Agreement on climate change, all parties are required to define and communicate their “nationally determined contributions” (NDCs), the efforts that they plan to undertake to reduce national greenhouse gas emissions and adapt to the impacts of climate change. To ensure they are sufficiently ambitious, the targets and commitments set out by countries in 2015 need updating every five years. This project represented FAO’s response to specific countries’ requests for support to conduct the first revision of NDCs in 2020. The overarching objective was to improve countries’ strategies and tools to reduce their emissions and improve adaptation in the agriculture, forestry and other land use (AFOLU) sector, addressing existing gaps in AFOLU components and resulting in more ambitious commitments and strategies.
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