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A recent study of the Tellus Institute and Stockholm Environment Institute-Boston Center concludes "that while the CDM could induce some legitimate lower-emission electricity generation in host countries, it could also give rise to a considerable amount of spurious emissions allowances by crediting non-additional ("free-rider") activities --activities that would have taken place even in the absence of the CDM." The research finds "that under some plausible CDM regimes, the CDM could serve primarily as an instrument for generating spurious credits, and only secondarily as an instrument for e
The International Institute for Applied Systems Analysis (IIASA), based in Laxenburg, Austria. carried out a detailed study of Russia's biosphere, which contains a fifth of the world's forests. Its report puts in question the whole idea of using carbon sinks as a means of "compensating" for CO2 emissions.
During the climate change discussions, some have argued that, given that old-growth forests are carbon reservoirs --and not carbon sinks-- the world's climate would benefit from cutting them down, converting the wood into durable products and replanting the clearcut area. The existing carbon would be safely stored in wood products and the plantation trees would act as sinks for many years, until they reached maturity. This would enhance --so they say-- the carbon sink capacity of forest ecosystems.
Scientific evidences questioning the effectiveness of tree monocultures as carbon sinks are increasing. In case tree plantations are included in the Clean Development Mechanism of the Kyoto Protocol there is the risk that --as has happened in the past and is still happening-- vast areas of forests and grasslands in the South will be substituted by monocultures based on a reduced number of fast-growing tree species. This would mean a dramatic decrease in the biodiversity of such areas, both considering number of species and complexity of fluxes at the interior of the system.
The following are some quotes from indigenous peoples' representatives at Lyon, which --in sharp contrast with government delegates-- address the true issues at stake, in a climate change process which has until now ignored indigenous peoples (the Forum of Indigenous Peoples and Local Communities on Climate Change also issued in Lyon a declaration, which is available at: http://www.wrm.org.uy/english/IPlyon.htm ):
In WRM bulletin 35 we exposed the conflict of interest among some of the experts who produced the IPCC special report on land use, land use change and forestry last June ("Sinks that stink"), resulting from their direct involvement in companies which would economically benefit from the inclusion of sinks in the Kyoto Protocol.
A project implemented in Uganda by Norwegian company Tree Farms to set up between 80,000 and 100,000 hectares of plantations of pines and eucalyptus to act as carbon sinks has been severely questioned because of its negative social and environmental consequences. It has been defined as a "loss-loss-loss" situation, where the profits for the company are doubtful, local peasant communities are losing their lands and working for miser salaries, and Uganda is losing its sovereignity in relation to the management of its territory and natural resources (see WRM Bulletin 35).
Although the Conference of the Parties of the Convention on Climate Change has not yet approved plantations and forests as carbon "offsets", the carbon shop is already very active. What follows is an e-mail message advertising Brazil as a place where cheap land and cheap labour is available for energy utilities to dump their carbon emissions: "From: OMNITRADE aaa@yawl.com.br Sent: Friday, July 14, 2000 2:25 AM Subject: Greenhouse gas emissions - An alternative
By the international Working Group on Community Involvement in Forest Management, September 2000. A regional profile of WG-CIFM,  the working group on community Involvement in forest management Communities and Forest Management in South Asia
Plantation projects using tree monocultures to sequester carbon being implemented in UGANDA by two Norwegian firms constitute a paradigmatic example of the rationale and the consequences of this kind of projects.
Asia has been the most affected region by the substitution of forests by tree monocultures, which has resulted in negative consequences both at the local and global levels. Indigenous peoples and local communities have a history of resistance to this type of forestry development. In spite of that, carbon forestry appears to be on the rise in this continent.
Giant AUSTRALIA is a major actor in the geopolitics of Oceania. With its particular situation in the Southern hemisphere but being a Northern country and included in the Annex I countries, Australia is the only country that enjoys the possibility of increasing its greenhouse gas emissions by 8% above 1990 levels in the commitment period 2008 to 2012. Nevertheless, this country has enthusiastically embraced the idea of offering its territory for forestry-based carbon sink projects.