Bottom-up comparisons of CO2 storage and costs in forestry and biomass energy projects

In order to include forestry and biomass energy projects in a possible CO2 emission reduction regime, and to compare the costs of individual projects or national programs, it is necessary to determine the rate of equivalency between carbon in fossil fuel emissions and carbon stored in different types of forestry, biomass and renewable energy projects. This paper presents a comprehensive and consistent methodology to account for the costs and carbon flows of different categories of forestry and biomass energy projects and describes the application of the methodology to several sets of projects in Latin America. The results suggest that both biomass energy development and forestry measures including reforestation and forest protection can contribute significantly to the reduction of global CO2 emissions, and that local land-use capacity must determine the type of project that is appropriate in specific cases. No single approach alone is sufficient as either a national or global strategy for sustainable land use or carbon emission reduction