This is taken directly from ForestCarbonPortal’s article of collected comments from leaders in the forest carbon industry, speaking about their views and hopes for the year ahead. Visit their page to get the full comments, plus links to all companies quoted below.
David Rokoss, ERA Ecosystem Restoration Associates: “The continued progress of REDD…where additional project validations/verifications will demonstrate REDD as viable and robust…”
Mike Vitt, 3GreenTree Ecosystem Services: “I think the biggest theme in the space in 2012 will be California leadership into creating a compliance market for NA forest projects, which will break critical ground for WCI (i.e. BC, ON, QC action) and set clear demand and pricing…”
Steve Ruddell, CarbonVerde LLC: “Agricultural Roundtable Standards will be used to take deforestation out of supply chains for corporate agricultural commodity buyers, while providing additional revenue for producers from carbon credits…”
Jonathan Shopley, The CarbonNeutral Company: “First sales of RMUs Impact of first verified REDD+ credits on price and demand in VCM — whether fears in the market that REDD+ will flood and kill prices comes true..?”
Mary Grady, American Carbon Registry: “Based on 2011 announcements of Norfolk Southern’s investment in offsets from ACR-registered GreenTrees project and Chevrolet’s investment in the ACR-registered National Forest Foundation San Juan National Forest project, we expect to see a marked increase of registered U.S. and international projects…”
The International Forest Carbon Association: “While the forest carbon market will remain difficult against the backdrop international economic and financial weakness in 2012, the development of national and regional compliance schemes will see growing demand for forest carbon assets, particularly in Australia and, dependent on further rule-making, California and Quebec…”
Nick Oaks, Global Canopy Program: “The voluntary carbon markets are likely to keep growing in 2012, mostly thanks to growing interest in REDD, which will also have an increasing proportion within the voluntary carbon markets…”
Gena Gammie, Forest Trends: “As the first REDD VCUs enter the market, and as many more big projects are expected to be verified in 2013, the market’s response to a big influx in supply will be in the news…”
The kicker, if perhaps gloomy, does point to the need for human societies and markets to recognize the global need for healthy forests and sustainable forest-based resources, and value them accordingly, regardless of the inaction or backsliding at the political level:
“Who will buy? There is more clarity on the role of markets to curb deforestation…but who will buy future credits if national emission reduction goals are so weak..?” -Anonymous