ncx-gitbot
commented
1 year ago NCX response: We appreciate the detailed comments raised about the absence of HWP accounting in the initial draft of our methodology. The carbon stored in trees is released into the atmosphere when a tree dies, some of it almost instantaneously and sometimes over years to decades. We believe it is important to account for all reasonable pools of emissions related to a harvest, and our revised methodology takes the storage of carbon in, and subsequent release of carbon from, harvest wood products into account.
Commenter Organization: NCASI
Commenter: Steve Prisley
2021 Deferred Harvest Methodology Section: No Section Indicated
Comment: Carbon markets, in a variety of forms, can benefit forest landowners and climate mitigation goals. However, if benefits are overstated, or if they are not additional to what would have happened in the absence of the market, then buyers of credits will lose confidence in the value of their purchases and policy-makers and the general public will lose confidence in the ability of carbon markets to be part of the climate solution. It appears that the NCX methodology, due to omission of carbon in harvested wood and the differential behavior of forest landowners, will overstate emissions reductions.
Proposed Change: No Proposed Change