Current status of forestry and land use in the international climate negotiations - the World Bank's BioCarbon Fund perspective

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To-date, the Clean Development Mechanism, one of the project-based mechanisms of the United Nations Framework Convention on Climate Change only allows reforestation or afforestation as eligible land-based activities. Current negotiations are discussing a wider-range of activities that could potentially be included in a draft treaty that is being discussed between now and the Copenhagen Conference of the Parties in December 2009. Reducing emissions from deforestation and forest degradation as well as agriculture are on the agenda for discussion, along with ways of dealing with permanence that is critical to this type of carbon credit.