Profitability of Direct Greenhouse Gas Measurements in Carbon Credit Schemes of Peatland Rewetting

Anke Günther, Stefanie Böther, John Couwenberg, Silke Hüttel and Gerald Jurasinski

Ecological Economics, 2018, vol. 146, issue C, 766-771

Abstract: MoorFutures® is the world's first carbon credit scheme from peatland rewetting. Thus far, MoorFutures® rely on proxies (greenhouse gas emission site types or GESTs) to estimate emission reductions. Here, we tested the profitability of including direct greenhouse gas (GHG) measurements of project emissions for a range of rewetting costs and vegetation scenarios based on a hypothetical MoorFutures® project. In almost all scenarios GEST assessments underestimated emission reductions compared with direct measurements. Including direct measurements was lucrative in >50% of all vegetation scenario/rewetting cost combinations with net profits ranging from EUR −8.18 to 26.31 per certificate. Profitability was achieved at rewetting costs of ~EUR 5400ha−1 upward. More sophisticated GHG measurements became profitable at twice the rewetting costs. In cases where direct flux measurements do not generate a profit they can strengthen reliability and buyers' trust and thus support higher prices of the certificates.

Keywords: Carbon credit; Peatland rewetting; Verified emission reduction; Emission factor; Regional carbon market; Verification (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:146:y:2018:i:c:p:766-771

DOI: 10.1016/j.ecolecon.2017.12.025

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