Despite these concerns, as well as those from a significant proportion of the environmental community, the mitigation of climate change through projects, such as those occurring on rangelands, seems to have momentum. The market for carbon credits has grown rapidly within the recent years and has been projected to exceed $500 billion in trades by 2020. This developing situation certainly warrants watching by rangeland interests. Rising carbon credit prices would certainly make investments in rangeland mitigation projects a financially attractive, and an environmentally proactive, alternative to traditional land management. However, as a relatively small portion of any potential private sector carbon market, terrestrial sequestration in general, and rangelands in particular, must operate efficiently within the market (prices and rules) and exploit inherent competitive advantages. Rangeland carbon sequestration projects are competitive because of the relatively low cost of achieving increased soil carbon storage and its compatibility with existing management operations and production systems. On the other hand, documenting and verifying changes in carbon storage is a daunting challenge. The success of rangeland projects as participants in a private sector market will be determined in large part by the ability of the rangeland management profession (scientists, advisors, and managers) to develop accurate, credible, and cost-effective protocols to ensure to both buyers and the public that gains are real.
|Number of pages
|Published - 2008
ASJC Scopus subject areas
- Geography, Planning and Development
- Management, Monitoring, Policy and Law