A wildfire burning in the Amazon rainforest Fernando Lessa/Alamy
Many of the forest-based carbon-offset schemes certified by the world鈥檚 largest carbon registry, Verra, may be at risk of becoming useless due to wildfires or other disturbances releasing the carbon they store back into the atmosphere.
A forest-based carbon-offset project involves protecting or replanting forests to generate carbon credits, which can then be sold to companies or individuals to offset their greenhouse gas emissions. Such projects are supposed to set aside 鈥渂uffer pools鈥 of unsold carbon credits as a form of insurance against future carbon losses, such as when trees are destroyed by wildfires, insects or storms. But an analysis of these buffer pools shows carbon-offset schemes probably don鈥檛 set aside enough.
鈥淭he numbers aren鈥檛 actually based on any science, as far as anyone can tell,鈥 says at the University of Utah. A Verra spokesperson defended the organisation鈥檚 approach, saying decisions about the size of buffer pools are 鈥済rounded in a robust science-based risk assessment鈥 and that projects that do dip into the buffer must replenish what they take.
Buffer pools are especially an issue when forest-based carbon credits are sold to offset carbon emissions from burning fossil fuels, which remain in the atmosphere for centuries to millennia. 鈥淚f you鈥檙e going to try to lock up that carbon in a bunch of trees, you鈥檙e going to have to guarantee that the carbon stays there for a very long time,鈥 says Anderegg.
In theory, a sufficiently large buffer pool offers that guarantee by protecting enough carbon to make up for any that might be lost during decades of disturbances. But by Anderegg and his colleagues found that forest carbon projects certified by Verra have set aside just 2 per cent of credits, on average, as insurance against natural risks.
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To determine whether this is a sufficient amount, Anderegg and his colleagues used an ecological model to estimate the size of the buffer that would be required to adequately balance out the risk of natural disturbances in various types of tropical forest. They compared their results against the buffer pools now required for Verra鈥檚 certification.
They found that Verra鈥檚 requirements are far too small to guarantee permanent carbon storage in almost all scenarios. In some cases, they are more than 11 times smaller than what would be needed. 鈥淔or these natural risks, [the buffer] needs to be at least double, maybe more than double, to be adequate,鈥 says Anderegg.
The Verra spokesperson says few of the 76 million carbon credits currently in the buffer pool have been used, which indicates 鈥渢he buffer has not been 鈥榮wamped鈥 by reversals to date鈥. 鈥淚ts effectiveness is demonstrated by the way the buffer pool has been maintained over time, even amid the risk of reversals,鈥 says the spokesperson.
Buffer pools aren鈥檛 just a consideration for Verra. For instance, a carbon-offset programme managed by the state of California has seen wildfires over just the past few years eat up of its buffer pool, which was meant to last for a century.
This issue is only expected to grow as global warming intensifies forest carbon loss. 鈥淚f you want to guarantee permanence over 100 years, you need to ensure your buffer is big enough to deal with a lot of climate change,鈥 says Anderegg.
Journal reference
Global Change Biology
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